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 use rises to 8th position

By Gao Changxin in Shanghai (China Daily) Updated: 2014-01-24 15:13

Yuan use rises to 8th position

Global trade settled in yuan reached $4.16 trillion in 2013, up 7.6 percent from a year earlier. Huan Wei / for China Daily

International payments in renminbi surge

The yuan became the world's eighth most-used currency in international payments in December, the Society for Worldwide Interbank Financial Telecommunication said on Thursday.

Lifted by the Chinese government's efforts to promote its global clout, the yuan overtook 22 currencies over the past three years to achieve a market share of 1.12 percent, just behind the Swiss franc, which held a share of 1.29 percent.

This year, economists believe that the yuan's influence is set to grow further as Beijing adopts new liberalization measures to facilitate the yuan's cross-border movements.

"A question is whether the renminbi will continue its climb, or at least maintain its status as a 'top 10' currency for payments. We might expect it to fall back during the first quarter of 2014 as a result of the Chinese New Year, as we have seen previously, " Franck de Praetere, head of payments and trade markets, Asia-Pacific, at SWIFT, told Asset Magazine on Thursday.

"The fact that between November and December 2013 other currencies grew 7 percent while the renminbi grew 15 percent, however, might suggest that use of the Chinese currency is becoming 'business as usual' for the world's financial institutions and businesses."

A surge in yuan-denominated trade helped boost the currency's global clout. The People's Bank of China said last week that global trade settled in yuan hit 4.63 trillion yuan ($764 billion) in 2013, up 57 percent from 2012.

China's international trade reached $4.16 trillion in 2013, up 7.6 percent from a year earlier.

Cross-border direct investment denominated in yuan jumped 90 percent to 534 billion yuan in 2013.

SWIFT said in December that the yuan accounted for 8.66 percent of letters of credit and collections used in global trade finance in October, second only to the dollar.

The prospect of the yuan's further appreciation this year against the US dollar offers a strong incentive for global traders and investors to continue to hold and use the currency, analysts said.

Qu Hongbin, chief China economist with HSBC Holdings Plc, has forecast the yuan will strengthen 1 to 2 percent this year. "The track is still upward for the yuan in 2014, but fluctuation along the way will be wider than ever," Qu told a news conference earlier this month.

The yuan, which closed at 6.0510 against the dollar on Thursday onshore, will gain 1.4 percent this year to 5.97, according to the median estimate in a Bloomberg News survey.??

...
...
主站蜘蛛池模板: 日本不卡一区在线 | 黄色一级a毛片 | 久久久久久亚洲精品不卡 | 国产自产在线 | 国产乱码一区二区三区四川人 | 久久精品一品道久久精品9 久久精品一区 | 国产三级精品91三级在专区 | 亚洲综合久久1区2区3区 | 国产精品毛片一区 | 国内9l视频自拍 | 精品高清国产a毛片 | 久久精品亚洲综合一品 | 女人张开腿让男人捅爽 | 成人三级做爰在线观看男女 | 成人在线免费观看视频 | 国产成人免费片在线观看 | 欧洲免费无线码二区5 | 欧美另类在线视频 | a毛片免费在线观看 | 亚洲免费一级视频 | 一级黄色免费网站 | 国产日产精品_国产精品毛片 | 国产精品中文 | 久久久久久综合对白国产 | 交性视频免费看 | 国产精品久久人人做人人爽 | 一级看片 | 国产精品免费观在线 | 日韩视频在线观看 | 成人a毛片高清视频 | 亚洲精品亚洲人成毛片不卡 | 久久成人国产精品免费 | 亚洲国产精品成人午夜在线观看 | 日本二级毛片免费 | 国产免费爱在线观看视频 | 国产91精品一区二区麻豆亚洲 | 国产精品视频免费 | 亚洲系列第一页 | 久草免费公开视频 | 欧美日韩在线播一区二区三区 | 在线免费成人网 |