Efforts 'needed to ensure wider use of renminbi'
By Cecily Liu in London | China Daily | Updated: 2013-05-03 07:34
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A shop in the Niagara Falls area in Canada accepts UnionPay cards for payment. China is pushing for renminbi internalization and encourages wider use of the yuan in international trade and currency reserves. Zou Zheng / Xinhua |
China should build the infrastructure for renminbi internationalization as the currency becomes increasingly used by overseas investors, according to Liu Mingkang, former chairman of the China Banking Regulatory Commission.
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