- File photo shows a worker counts Chinese currency renminbi at a bank in Lianyungang, east China’s Jiangsu Province (XINHUA)
- The share of the Chinese yuan in the Special Drawing Rights basket has risen from 10.92 percent in 2016 to 12.28 percent in May 2022, reflecting a growing recognition worldwide of the improvement in the free use of the renminbi.
- More efforts will be made to explore cooperation on local currency settlement with the ASEAN (Association of Southeast Asian Nations) countries and neighboring countries, promote direct trading between RMB and relevant currencies, and support overseas countries and regions in developing local RMB foreign exchange markets.
How China steadily advances RMB internationalization
