日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

Economies pushing more trade in RMB

By ALFRED ROMANN (China Daily) Updated: 2015-05-25 07:44

Economies pushing more trade in RMB

A teller counts money in a bank in Ganyu county, eastern Jiangsu province. The IMF is expected to declare soon that the currency is now fairly valued. [Photo/China Daily] 

South Korea, which sends around a quarter of its exports to China, is one of the few countries in the world to run a trade surplus with the Asian giant.

South Korea gets components and resources from China and sends back semiconductors, machinery, cars, ships, mobile phones and television sets. In March, South Korea enjoyed an $8.4 billion trade surplus. Last year, trade between the two countries added up to $290 billion.

Both countries want more of this trade to be done in yuan, which would make trade cheaper by avoiding the need to convert funds into US dollars or euros before completing trades.

Earlier this year, South Korea became one of the newest offshore yuan trading centers.

"What the (South) Korean government has done is make sure that the country enjoys the full benefit of keeping the money onshore," said Wenlin Juang, head of market development for North Asia with news agency Thomson Reuters.

South Korea is not alone in pushing to do more business based on the Chinese currency, particularly in Asia where the Chinese mainland is the largest trading partner of many countries in the region. In fact, rare is the country in the region that is not working hard to take a larger chunk of yuan-denominated business.

The yuan's momentum will get a fillip if the International Monetary Fund includes the currency in its Special Drawing Rights basket in October.

This would make the yuan one of just five global currencies included in this elite pool of global reserve currencies. At the moment, the SDR includes the US dollar, the euro, the British pound and the Japanese yen.

There are more than 60 central banks around the world that invest in the yuan, and China has currency swap agreements with 30 countries. As of April, currency swap deals had added up to 3.14 billion yuan ($500 million).

In Asia and surrounding regions, the Chinese mainland has agreements with South Korea, Malaysia, Indonesia, Singapore, New Zealand, Uzbekistan, Mongolia, Kazakhstan, Russia, Thailand, Pakistan, Australia, Sri Lanka, Qatar and Nepal as well as the Hong Kong and Macao special administrative regions.

"The use of the RMB outside the mainland has picked up a lot of speed in the past few years," Vincent Lee, executive director of the Hong Kong Monetary Authority, said at a conference last month.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美 日本 国产 | 国产欧美中文字幕 | 亚洲a毛片| 国产性自拍 | 午夜国产在线 | www夜夜操 | 国产精品国产精品国产专区蜜臀ah | 好吊色在线视频 | 欧美激情图片 | 日本一卡二卡在线 | 国产精品久久9 | 欧美va亚洲va| 中文字幕永久 | 午夜看片 | 国产欧美日韩在线 | 一区二区三区视频免费在线观看 | 国产精品一二三四五区 | 黄色av免费在线 | 婷婷深爱网| 一区二区三区在线播放 | 高清不卡一区二区 | 国产精品自拍99 | 欧美人伦 | 中文字幕av一区二区三区 | 麻豆av免费在线观看 | 久久爱伊人 | 欧美乱淫| 国产精品人人人人 | 欧美亚洲在线 | 亚洲情在线 | 久久久97 | 国产美女高潮久久白浆 | 国产经典三级在线 | 日本一区二区三区精品 | 日韩中文字幕第一页 | 在线免费观看中文字幕 | 美女亚洲一区 | 欧美国产视频 | 国产欧美日韩一区二区三区 | 精品玖玖玖 | 成人3d动漫一区二区三区91 |