China to broaden cross-border renminbi trade settlement
China looks set to expand a pilot for using its currency in cross-border trade to more regions on the mainland.
At a meeting held by the China Banking Association, Li Bo, the director of the monetary policy bureau at the People's Bank of China (PboC), was reported by a government source as saying the Chinese central bank would look to expand its pilot plan for cross-border renminbi settlement nationwide this year. "The objective of cross-border renminbi trade settlement is to make trading and
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