综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Make me your Homepage
left corner left corner
China Daily Website

Yuan gains popularity among global traders

Updated: 2013-10-18 17:16
( Xinhua)

GUANGZHOU -- The financial uncertainties conveyed in the US government shutdown have made the Chinese currency, renminbi, more popular among global traders, although the US Congress has passed a bill to end the debt ceiling deadlock.

Businessmen attending the ongoing China Import and Export Fair, or Canton Fair, in Guangzhou, capital of southern Guangdong Province, said they had encountered wider acceptance of the Chinese yuan among their overseas partners.

"Many overseas banks are now more willing to carry out renminbi business," said Zhang Qingfu, head of the Middle East and Africa overseas business division of Haier Group, China's largest home appliance manufacturer, adding that cross-border trades with China can now be settled in renminbi in many countries and regions.

Zhang said Haier had begun to settle its business in renminbi in countries like South Africa, Iran and Sudan over the past year.

"It used to be us proposing to settle trade in renminbi, but now it is our overseas buyers who are more proactive," he added.

Data from the People's Bank of China (PBOC), the central bank, showed that overseas trade settlement in renminbi totaled 3.16 trillion yuan ($515 billion) in the first three quarters of 2013, more than 50 percent up from the 2 trillion yuan registered in the same period last year.

China first kicked off trials of cross-border trade settlement in yuan in 2009 in Hong Kong, Macao, ASEAN countries and selected other locations. The scheme has now been extended to all parts of China and all countries and regions overseas.

Market analysts say that the unexpected fast development of yuan-denominated settlement is rooted in multiple factors. Yet the looming worries over the US dollar on the global market have undoubtedly contributed to the yuan's internationalization and acceptance within a larger scope.

Compared with the dollar, the advantages of renminbi in trade settlement lie in the relatively low risks in exchange rates and costs, said Gao Yuanjia, director of the overseas business of Chunlan (Group) Corp., also a major producer of home appliances.

"Currencies in some other countries have depreciated significantly over a period of time, hiking the cost of imports," Gao said. "Settlement in renminbi can offload such shocks."

Previous Page 1 2 Next Page

 
 
...
赣榆县| 泸西县| 雅江县| 都昌县| 长沙县| 民和| 陵川县| 临西县| 双柏县| 江西省| 建平县| 龙里县| 兰坪| 章丘市| 香港 | 江口县| 多伦县| 广州市| 太白县| 西城区| 阜宁县| 怀宁县| 荣成市| 望江县| 永吉县| 邮箱| 汉源县| 西峡县| 周口市| 福州市| 金坛市| 扎鲁特旗| 东乡| 巴中市| 鄂托克旗| 万州区| 龙口市| 黔江区| 垫江县| 文山县| 滨海县|