China to globalize RMB via increased cross-border use   

中國將鼓勵國家級經開區開展人民幣跨境使用等試點

據中國政府網消息，國務院辦公廳今日發布《關于促進國家級經濟技術開發區轉型升級創新發展的若干意見》。意見明確，鼓勵在符合條件的國家級經開區開展人民幣資本項目可兌換、人民幣跨境使用、外匯管理改革等方面試點。[查看全文]

(ECNS) – China will encourage increased cross-border use of the yuan in its economic development zones to further globalize the currency.

In a notice released Friday on upgrading China's national economic and technical development zones, the State Council encouraged trial programs of cross-border RMB settlement, capital account convertibility and foreign exchange management reforms.

By 2014, China had 215 national economic development zones, contributing to the country's economy by raising its GDP, attracting foreign direct investment and creating jobs.

China has been taking big strides in RMB globalization. According to Bank of China, in the first three quarters of 2014, the amount of cross-border RMB trade settlement reached 4.8 trillion yuan ($780 billion), surpassing the 2013 total.