People's Bank of China Vows to Expand International Use of the Renminbi in Five-Year Plan
MacroDigital Finance
In a five-year plan released on the 10th, the People's Bank of China laid out a policy to keep the renminbi exchange rate basically stable and expand the use of the renminbi in international trade and investment. It also stated that it will resolve risks in key areas, strengthen financial support to boost consumption, and steadily promote high-level opening-up of the financial sector.
