Beef up yuan's role
Source: Xinhua |
April 4, 2011, Monday
|
Print Edition
Print Edition
CHINA will enhance the yuan's role in cross-border trade and investment over the next five years, since progress has been seen in internationalizing its currency, an official with the central bank.
Li Bo, director of the Monetary Policy Bureau of the People's Bank of China, made the remarks on Saturday while summarizing achievements in promoting cross-border yuan business under the country's 11th Five-Year Plan from 2005 to 2010.
To boost foreign trade and investment and help Chinese enterprises avoid the risks of exchange rate fluctuations, China has started to expand trial programs for cross-border yuan trade and investment.
Li Bo, director of the Monetary Policy Bureau of the People's Bank of China, made the remarks on Saturday while summarizing achievements in promoting cross-border yuan business under the country's 11th Five-Year Plan from 2005 to 2010.
To boost foreign trade and investment and help Chinese enterprises avoid the risks of exchange rate fluctuations, China has started to expand trial programs for cross-border yuan trade and investment.
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