Uncategorized admin on 05 Sep 2010
Promotes The Chinese Foreign Trade Development
Therefore, the bilateral standard currency exchanges the Chinese government to deal with the action which by no means to a great extent with other National government cooperation the crisis attacks, but is in itself carries on the interstate trade for the Renminbi to settle accounts the experiment site the upholstery work. A country’s domestic currency must grow is one kind of regional currency even global currency, must valuation criterion, medium of exchange, the reserve method these three kind of currency basic function internationalization. But the Renminbi interstate trade pilot work is essentially strengthens the Renminbi to take one kind of international valuation criterion and the medium of exchange function, is the Renminbi internationalization most foundation, also indispensable one step. Depreciates under the background which in US dollar medium and long-term the risk enlarges, uses the Renminbi valuation in China with in other country’s bilateral trade, may dodge US dollar exchange rate major rises’ and falls’ risk, promotes the Chinese foreign trade development.