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 / Opinion

Money will talk, sooner than later

By Giles Chance (China Daily) Updated: 2014-05-12 10:12

Money will talk, sooner than later

Zhang Chengliang / China Daily

Renminbi has the potential to create a seismic shift in the international monetary and financial arena

Evidence is emerging that international finance will take over from trade as the principal projector of China's global influence.

In a speech in Sydney in March, Philip Lowe, deputy governor of Australia's central bank, said: "The internationalization of the renminbi - and China's associated move toward a liberalized capital account and more flexible exchange-rate regime - has the potential to create a seismic shift in the international monetary and financial landscape."

Money will talk, sooner than later
RMB internationalization could transform global markets
Money will talk, sooner than later
In the same month, the Bank of International Settlements, based in Switzerland, released a research report showing that the renminbi has become a more important influence on other Asian currencies than any of the major global currencies.

How long will it be before China becomes a major global force in financial affairs, rivaling the United States? What will the global impact be when it happens?

In March 2009, the governor of the People's Bank of China, Zhou Xiaochuan, published a now-famous essay called Reform the international monetary system, calling for a modernization of the monetary system by basing it on a money standard which stood above national currencies. The United Nations Commission of Financial Experts into the Reform of the Global Monetary and Financial System, reporting in September 2009, supported Zhou's appeal. But Japan and the European countries (excluding Russia) followed the United States in ignoring calls for monetary reform.

China gave up the idea of changing the global monetary system, and adopted a different strategy aimed at protecting its economy and large pool of savings: developing its own currency, the renminbi, as a major global currency to rival the dollar. An internationally-recognized, widely-used renminbi would protect China's savings, and bring Chinese the great convenience and lower cost of using the renminbi everywhere outside China. It would also make China into a global financial power.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 杏导航aⅴ福利网站 | 日本高清久久 | 99色吧 | 国产高清视频a在线大全 | 色综合加勒比 | 亚洲国产成人久久综合碰 | 精品国产一区二区三区久久久 | 亚洲十欧美十日韩十国产 | 99久热 | 欧美视频a | 漂流教室韩国电影 | 任我爽在线视频 | 欧美日韩中文在线 | 亚洲精品久久久久一区二区三 | 色综合久久婷婷天天 | 日韩欧美二区在线观看 | 欧美日韩国产成人在线 | 欧美国产精品一区 | 国产精品成人在线 | a黄视频 | 亚洲国产女人aaa毛片在线 | 首页亚洲国产丝袜长腿综合 | 日本在线亚州精品视频在线 | 操操碰| 二级黄的全免费视频 | 91久色视频| 国产一级特黄毛片在线毛片 | 色搞搞 | 久久亚洲精品国产精品777777 | 亚洲影视在线 | 国产精品点击进入在线影院高清 | 日韩国产在线 | 国产日本亚洲 | 91精品福利 | 清纯唯美亚洲综合激情 | 一区二区久久 | 免费观看一级毛片 | 无限看片在线版免费视频大全 | www.99riav.com| 成人性生交大片 | 欧美一区二区免费 |