Yuan clearing bank in sight

    Updated: 2013-10-12 00:16
    By LI XIAOKUN in Bangkok and ZHANG YUNBI in Beijing ( China Daily)

    Move in Thailand will help boost trade settlement in the currency: Li

    Yuan clearing bank in sight

    Premier Li Keqiang and Thai Prime Minister Yingluck Shinawatra chat during their meeting at Government House in Bangkok on Friday. Damir Sagolj / Reuters

    China is considering setting up a yuan clearing bank in Thailand to meet demand for currency settlement between the two countries, Premier Li Keqiang said on Friday.

    The move is to encourage more trade settlement in the yuan between businesses from the two nations, Li said during a speech to the Thai parliament.

    The bank will help meet the target of annual bilateral trade of $100 billion between China and Thailand in 2015, a goal mentioned by Li and his Thai counterpart Yingluck Shinawatra during a news conference after their official meeting.

    Yang Baoyun, a professor of Southeast Asian studies at Peking University, said the new clearance bank and a currency swap deal would free businesses and entrepreneurs from the trouble of currency exchanges.

    Bilateral trade has prospered, with the volume reaching nearly $70 billion last year.

    China is now Thailand's largest trading partner, while Thailand is China's second-largest trading partner in the 10-member Association of Southeast Asian Nations.

    It is time for the two sides to quickly draw up measures to achieve an early start, Yang said.

    A yuan clearing bank in Thailand would be in line with increasing circulation of the Chinese currency in Southeast Asian nations.

    The volume of bilateral swap agreements between China and ASEAN has reached 1.4 trillion yuan ($228 billion), while yuan-denominated cross-border settlements reached 1.12 trillion yuan by June this year.

    The figures come from Yi Gang, deputy governor of the People's Bank of China and head of the State Administration of Foreign Exchange.

    Jin Canrong, an international affairs professor at Renmin University of China, said the program announced on Friday serves as part of China's financial diplomacy, a recent highlight of the nation's foreign policies.

    This financial progress is making China's development a driving force to benefit neighbors, and "will further boost connectivity-building and economic integration in the region", Jin said.

    China and Thailand also reached a consensus on Friday on the signing of a Memorandum of Understanding on visa exemption for regular travelers between the two nations, Li and Yingluck told reporters.

    Visa exemption would facilitate people-to-people and cultural exchanges between the two countries and bring more benefits to their people, Li said.

    "There is an old Chinese saying that goes: The more exchanges among relatives, the warmer their relations become," Li added.

    Thailand is the first ASEAN country to start such talks with China.

    Yang, of Peking University, said Chinese tourists have become big spenders in Thailand and the visa exemption will set a good example for similar negotiations with other ASEAN members.

    Li estimated that the number of Chinese tourists to Thailand this year will reach 5 million.

    In his speech to parliament, Li said the Chinese movie Lost in Thailand — a conventional comedy about two rival Chinese businessmen and a simple-minded pancake maker — topped the Chinese box office, has been dubbed into Thai and aired in Thailand.

    "I am not advertising for the film. I am advertising for the friendship and exchanges between China and Thailand," he said.

    Bullet train technology, the power sector and renewable energy projects were also highlighted for cooperation during Li's speech.

    He said China will encourage its companies to import 1 million tons of rice from Thailand over the next five years, among other measures, to boost imports of products such as rubber and cassava.

    Contact the writers at lixiaokun@chinadaily.com.cn and zhangyunbi@chinadaily.com.cn.

    Wei Tian in Shanghai and Zhao Yanrong in Beijing contributed to this story.

    Previous Page 1 2 3 Next Page

     
    8.03K
     
     

    Schedule

    Premier Li attends East Asia leaders' meetings

    Oct 9-11: Attend East Asia Leaders' Meetings and Pay State Visit to Brunei

    Oct 11-13: Pay State Visit to Thailand

    Oct 13-15: Pay State Visit to Vietnam

    Photos


    Yuan clearing bank in sight


    Li makes four-point proposal to upgrade ties with Thailand


    Chinese premier arrives in Bangkok, Thailand


    Premier Li attends gala dinner held for ASEAN leaders


    ASEAN welcomes Japan's stronger involvement in bloc


    23rd ASEAN Summit opens in Brunei

    ...
    ...
    亚洲欧美中文日韩在线v日本| 免费无码毛片一区二区APP| 色综合久久无码中文字幕| 欧美日韩中文在线| 日韩精品无码Av一区二区| 无码中文字幕乱在线观看| 欧美激情中文字幕| 亚洲AV无码一区二区大桥未久| 精品国产aⅴ无码一区二区| 久久精品天天中文字幕人妻 | 无码中文av有码中文a| 无码国内精品久久人妻| 欧美日韩不卡一区二区三区中文字| 国产成人无码精品一区在线观看 | 中文在线资源天堂WWW| 无码日韩人妻精品久久蜜桃| 中文字幕在线免费看线人| 日韩一本之道一区中文字幕| 久久久久久国产精品免费无码| 亚洲中文字幕无码中文字在线| 天堂中文字幕在线| 天堂资源中文最新版在线一区| 无码乱码观看精品久久 | 国产精品无码久久综合| 成人A片产无码免费视频在线观看| 亚洲一区二区三区无码中文字幕 | 中文毛片无遮挡高潮免费| 久久精品国产亚洲AV无码偷窥 | 在线免费中文字幕| 一二三四社区在线中文视频| 中文字幕无码AV波多野吉衣| 乱人伦中文视频在线| 亚洲色偷拍区另类无码专区| 国产成人无码专区| 成年午夜无码av片在线观看| 一本加勒比HEZYO无码资源网| 中文字幕在线免费观看| 中文字幕亚洲综合久久2| 日本妇人成熟免费中文字幕| 亚洲gv天堂无码男同在线观看| 97无码免费人妻超级碰碰夜夜|