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China sees RMB as international currency by 2020

Wednesday, November 11, 2015 - 05:50
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China wants the RMB to become an international currency, with the use of the currency to exceed one-third of the nation’s total cross-border payment by the end of 2020.

Beijing

CHINA will plough ahead with its financial reforms with the aim of making the renminbi (RMB) an international currency by 2020, the central bank governor Zhou Xiaochuan said on Tuesday.

In an article published in the Chinese financial newspaper Caixin, he said that China