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China to revive international yuan drive along belt and road countries

Summary:
[unable to retrieve full-text content]China aims to use the yuan “as much as possible” in its Belt and Road Initiative to try to expand its use as a reserve currency, a senior Chinese government adviser said on the weekend.Former Chongqing mayor Huang Qifan told a financial forum in Xian in northwestern China on Saturday that the yuan’s share of global payments was limited and the country must redouble efforts to increase the currency’s use in countries that signed up for the massive infrastructure plan.The yuan accounted for about…

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[unable to retrieve full-text content]
China aims to use the yuan “as much as possible” in its Belt and Road Initiative to try to expand its use as a reserve currency, a senior Chinese government adviser said on the weekend.Former Chongqing mayor Huang Qifan told a financial forum in Xian in northwestern China on Saturday that the yuan’s share of global payments was limited and the country must redouble efforts to increase the currency’s use in countries that signed up for the massive infrastructure plan.The yuan accounted for about…

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