Citi is preparing to turn China's global trade offensive into an opportunity

Citi is positioning itself to capture new business from Chinese companies expanding overseas and from the widening international use of the yuan, according to the article. The U.S. bank plans to grow its foreign-exchange and cross-border financial services across markets stretching from Africa to Latin America. It also said it expects the yuan could strengthen against the dollar. The push matters because it ties Citi’s growth to China’s global trade ambitions and to Beijing’s long-running effort to internationalize its currency. What to watch next is how quickly the bank scales these services and whether yuan appreciation expectations translate into greater client demand.