Money

    Yuan internationalization a big step for world monetary reform

    (Xinhua)
    Updated: 2011-01-15 15:28
    Large Medium Small

    BEIJING- China should steadily promote the internationalization of its currency, the yuan, the head of China's social security fund said Saturday.

    The internationalization of the yuan is a significant step for advancing the reform of the international monetary system, Dai Xianglong, chairman of China's National Council for Social Security Funds, said when speaking at annual economic forum in Beijing.

    The current international monetary system has not adapted to the new patterns of global economic development, he said, adding that currency diversification is a realistic solution.

    Currency diversification means continuing the role of dollar, increasing the role of the euro and internationalizing other currencies, he said.

    The US dollar, serving as both the US currency and the most important international currency, will be used for US policy goals when the two roles contradict each other, spurring fluctuations in global financial markets, he said, adding that the dollar has a tendency to depreciate.

    Related readings:
    Yuan internationalization a big step for world monetary reform Yuan for the road
    Yuan internationalization a big step for world monetary reform China's yuan hits new record high at 6.5896 per US dollar
    Yuan internationalization a big step for world monetary reform China to increase yuan flexibility
    Yuan internationalization a big step for world monetary reform Yuan among world's safest currencies: expert

    He said the Chinese yuan is a stable currency, and so ensures the safety of other countries' assets.

    The Chinese currency also enhances world trade, protecting the interests of China's foreign trade and investment, he added.

    The internationalization of the yuan will take 15 to 20 years, he said, suggesting an expansion of the overseas circulation of the yuan and an acceleration in the opening-up of China's large commercial banks to speed up the process.

    He urged Chinese banks in foreign countries to offer funding in yuan.

    He also called for more efforts to reform the interest rate mechanism, to ease the process of the internationalization of the yuan.

    亚洲无码日韩精品第一页| 国产成人亚洲综合无码精品| 国产精品无码一区二区三级 | 亚洲av永久无码精品古装片| 中文无码vs无码人妻| 日韩人妻无码一区二区三区久久| 中文字幕在线观看日本| 午夜无码中文字幕在线播放| 一本色道无码道DVD在线观看| 日韩欧美中文在线| 一级毛片中出无码| 日韩经典精品无码一区| 成在人线av无码免费高潮喷水| 最近中文字幕国语免费完整| 亚洲色偷拍区另类无码专区| 潮喷失禁大喷水aⅴ无码| 最新无码A∨在线观看| 中文精品99久久国产 | 亚洲av成人无码久久精品| 亚洲日产无码中文字幕| 中文字幕理伦午夜福利片| 免费无遮挡无码视频在线观看| 少妇伦子伦精品无码STYLES| 亚洲日韩激情无码一区| 无码不卡av东京热毛片| 久久无码AV一区二区三区| 日韩免费在线中文字幕| 日本精品自产拍在线观看中文| 无码中文字幕日韩专区| 久久精品aⅴ无码中文字字幕重口| 中文字幕乱妇无码AV在线| 中文字幕亚洲码在线| 人妻无码αv中文字幕久久| 亚洲精品无码久久毛片| 亚洲国产成人精品无码久久久久久综合 | 暖暖日本免费中文字幕| 日韩成人无码中文字幕 | 中文字幕久久久久人妻| 人妻少妇久久中文字幕一区二区 | 中文字幕无码av激情不卡久久| 成年午夜无码av片在线观看|