国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

China extends yuan trade settlement to whole country

Updated: 2011-08-23 18:34

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - China announced on Tuesday that all parts of the country are able to use its national currency, the yuan or Renminbi, in cross-border trade settlements.

Previously, only 20 provincial regions in the country could conduct cross-border trade settlements in yuan.

The policy was announced by the People's Bank of China, the country's central bank, and five other financial authorities.

The extension is a crucial step in boosting cross-border use of yuan, which is stated in the country's 12th Five-year Plan (2011-2015), and will better serve enterprises' needs and further facilitate trade and investment, the central bank said in a statement on its website.

The move came after an announcement made by Vice Premier Li Keqiang last week that the government would extend cross-border trade settlement in yuan to the whole country.

Analysts said encouraging the use of yuan in cross-border trade settlements indicates China's ambitions of pushing forward the internationalization of the yuan.

The Chinese government first allowed trials of cross-border trade settlements in yuan in July 2009. It expanded the trial scheme to 20 provinces, municipalities and autonomous regions last year.

Overseas, the program was extended to all countries and regions after being piloted in Hong Kong, Macao, and ASEAN (Association of Southeast Asian Nations).

China's yuan settlement in cross-border trade surged to 957.57 billion yuan ($149.62 billion) in the first half of 2011, 13.3 times more than that for the same period of last year, according to statistics from the central bank.

To facilitate the yuan's internationalization, the government also plans to allow cross-border direct investment in yuan, according to the Ministry of Commerce.

Foreign investors will be able to make direct investments in China with yuan legally obtained overseas, according to a draft released by the ministry, which is currently soliciting public feedback on the new rules.

周口市| 钟山县| 仙居县| 鸡西市| 葵青区| 宜州市| 泗阳县| 大关县| 缙云县| 福泉市| 桐乡市| 宁南县| 铁岭县| 资中县| 巴林左旗| 喀什市| 东至县| 梁河县| 汪清县| 龙门县| 轮台县| 彰武县| 华容县| 黄陵县| 时尚| 瑞安市| 济南市| 乐至县| 南开区| 定襄县| 丰县| 靖江市| 定南县| 鹿邑县| 石门县| 阳山县| 绵阳市| 德江县| 阿坝县| 龙州县| 资源县|