综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

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.

迁西县| 逊克县| 侯马市| 汶上县| 即墨市| 方山县| 民乐县| 炉霍县| 诏安县| 贺兰县| 厦门市| 类乌齐县| 桐城市| 玉林市| 肥乡县| 四子王旗| 汉寿县| 中方县| 江口县| 太白县| 都兰县| 台南市| 托里县| 海伦市| 清水河县| 阳城县| 达日县| 扶绥县| 新野县| 汝南县| 靖宇县| 类乌齐县| 绥德县| 浏阳市| 门头沟区| 大竹县| 右玉县| 万安县| 绥宁县| 尼木县| 昌吉市|