日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Markets

Yuan surges in cross-border trade

(Xinhua) Updated: 2014-07-18 09:30

Yuan surges in cross-border trade

A yuan exchange site at a cross-border trade area in Dongxing, Guangxi Zhuang autonomous region. Since 2009, the People's Bank of China has established currency swap lines with 23 foreign central banks.[Photo/Xinhua]

BEIJING - The value of cross-border trade via the Chinese currency?yuan totaled 3.27 trillion yuan ($531.15 billion) in the first half of 2014, up 1.22 trillion yuan year on year, latest data from China's central bank showed.

Analysts said the fast rise of the yuan in cross-border trade is closely related to the growth of the offshore yuan markets overseas.

Since this year, the Chinese central bank has signed memoranda of understanding with five other central banks on launching yuan-clearing business, with the Bank of Communications becoming the latest bank authorized as the clearing bank for yuan business in Seoul. The other arrangements were agreed in Europe's London, Paris, Frankfurt, and Luxembourg.

"The yuan clearing arrangements in Europe have certainly drawn much attention, but it is because there is a massive market demand out there," said Wu Bin, general manager of the international business department under the Industrial and Commercial Bank of China, China's biggest bank.

Government data showed bilateral trade between China and Europe hit almost $730 billion in 2013, up 6.9 percent year on year. Meanwhile, Europe currently accounts for more than 10 percent of the yuan's cross-border trade settlement worldwide, second only to Hong Kong.

Global payments in yuan have continued to expand since China launched yuan settlement for cross-border trade in 2009. Data showed the Chinese currency accounted for 1.62 percent of global payments by March, ranking seventh worldwide.

Despite the yuan's climb, it still lags behind the US dollar and the euro in global acceptance. "In order to make the yuan become a mainstream settlement currency globally, we have to make overseas investors willing to hold yuan products," said Huang Zhiling, chief economist of the China Construction Bank.

Huang said that the establishment of yuan clearing banks is an important step by China to promote the global reach of its currency, but it is just the beginning.

Yuan surges in cross-border trade

Yuan surges in cross-border trade

London, eurozone set to benefit from increased RMB trade Market eventually will 'decide rate' of yuan exchange

 

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 色网在线| 国产亚洲综合一区二区 | 国变精品美女久久久久av爽 | 午夜色a大片在线观看免费 龙珠z在线观看 | 奇米视频在线 | 一区二区三区四区在线 | 久久精品国产亚洲 | 亚洲国产aⅴ成人精品无吗 国内成人自拍视频 | 美女露尿口视频 | 啊啊啊好紧好爽 | www.av520| 国产成人精品影院狼色在线 | 亚欧视频在线观看 | 久久精品无码一区二区日韩av | 久久av高清 | 国产精品揄拍100视频最近 | 成人精品一区二区三区校园激情 | 日夜夜操| 蜜桃官网| 久久99免费观看 | 天天爱天天爽 | 久久一本 | 精品人妻无码一区二区三区手机板 | 精品综合在线 | 又大又粗进出白浆直流动态图 | 国产精品va一区二区三区 | 在线观看免费黄色小视频 | 国产精品成人一区二区三区 | 欧美在线看 | 久久国产精品免费一区二区三区 | 五月婷婷一区 | 欧美一级网站 | 久色乳综合思思在线视频 | 97日日摸天天碰免费视频 | 精品国产九九 | 成人国产免费视频 | 成人综合视频网 | 日韩一区二区中文字幕 | 国产高清在线视频 | 看个毛片 | 黄色国产精品 |