PBoC says it wants greater international use of renminbi
The People’s Bank of China says it will make it easier for foreign investors to use the yuan to invest in Chinese bonds and stocks.
The PBoC’s 2020 report on internationalising the yuan indicates that Chinese authorities increasing their efforts to promote the currency’s use abroad. The move comes amid growing tensions between China and the US.
The report, published on August 14, says Chinese authorities expect the yuan to play a bigger role in international transactions and reduce reliance on
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