China’s Central Bank Plans Push to Increase Yuan’s Global Usage
- PBOC says will improve infrastructure, boost cross-border use
- Comments precede annual report on yuan internationalization
ANZ's Goh: Yuan's Fate Rests With Structural Reforms
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China’s central bank said it plans to push the yuan’s global use by seeking more cooperation with other countries and improving the infrastructure needed to support wider use of the currency.
The comments were included in a three-paragraph statement, posted on the People’s Bank of China website Wednesday, on its forthcoming 2016 annual report on yuan globalization. The monetary authority didn’t provide other details about the findings or say when the report would be published.