Tag: yuan
BRI fuels yuan’s internationalization
The Belt and Road Initiative (BRI) has fueled the yuan’s internationalization, particularly in the past two to three years as work on related projects accelerated. In Southeast Asia where economic […]
China’s new economy value increases 13 trillion yuan in 2017
The value-added output of new industries, new types of business and new business models was about 12.96 trillion yuan (about $1.87 trillion) in 2017, accounting for 15.7 percent of China’s […]
China expected to be listed among high-income countries by 2022
Reform will boost the growth potential of China’s economy, and China is expected to achieve GDP per capita of $12,600 in 2022, making it a high-income country, said Cai Fang, […]