Sunday, July 1, 2012

China prepares the ground for the Yuan to gradually become a reserve currency

Qianhai in Shenzhen will be encouraged to sell Yuan-denominated bonds China will make part of the booming Shenzhen economic zone, a test ground for freer Yuan usage and capital account convertibility, the National Development and Reform Commission said on Friday.

Source: http://en.mercopress.com/2012/06/30/china-prepares-the-ground-for-the-yuan-to-gradually-become-a-reserve-currency?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss

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