How far will China go for yuan globalization?
BEIJING, March 13 (Xinhua) -- The world is watching China's next move after it witnessed last year key progress in the initiative to make renminbi, or yuan, a global currency.
As government officials hinted the establishment of a global board at the Shanghai A-share market during the annual "two sessions" of the country's supreme legislature and top political advisory body, analysts believed it would be a catalyst to help accelerate yuan's globalization. Full story
China, Belarus agree to begin yuan or ruble settlement
BEIJING, March 25 (Xinhua) -- The People's Bank of China (PBOC), the central bank, announced Thursday it has signed an agreement with the central bank of Belarus, under which bilateral trade can be settled with the Chinese yuan or Belarussian ruble.
The move would help deepen economic cooperation, and facilitate trade and investment between the two nations, said the PBOC in a statement on its website. Full story
