www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 黄色片免费网址 | 亚洲欧美久久精品1区2区 | 九草视频 | 美女a毛片| 国产久草在线 | 欧美综合在线视频 | 四川一级片 | 永久网站色视频在线观看免费 | 玖玖精品在线 | 欧美高清视频在线 | 一a一级片 | 99国产精品视频免费观看 | 欧美视频www | 亚洲视频一 | 黄免费看 | 久久的精品99精品66 | 97超在线| 日韩午夜三级 | 玖玖在线国产精品 | 成人黄色免费观看 | 男人的天堂免费网站 | 香港一级纯黄大片 | 精品国产乱码久久久久久一区二区 | 亚洲羞羞视频 | 国产欧美一区二区三区视频 | 亚洲国产精品一区二区久 | 日韩欧美三级在线观看 | 成人夜色香网站在线观看 | 国产欧美日韩不卡在线播放在线 | 98国内自拍在线视频 | 亚洲免费中文 | 免费亚洲视频在线观看 | 免费国产成人高清在线观看不卡 | 国产一级大片免费看 | 亚洲成a人片在线网站 | 欧美一级毛片片aa视频 | 亚洲综合色就色手机在线观看 | 日本精品视频一视频高清 | 日本一区二区三区四区五区 | 男女午夜免费视频 | 久久成人国产精品 |