China Grows Bolder in Yuan Push as PBOC Drops Cautious Tone
The People's Bank of China headquarters in Beijing, China.
Source: BloombergChina’s central bank is communicating more confidently about its push to expand the yuan’s role in the global monetary system.
The People’s Bank of China said late Friday that China will promote the yuan’s internationalization, expand the currency’s use in trade, deepen the two-way opening of financial markets in an orderly manner, and further develop the offshore yuan market.