PBOC Pushes Yuan Borrowing Abroad to Internationalize Currency
China’s central bank vowed to further encourage financing in the yuan by overseas entities, betting cheap borrowing costs and increased demand for the currency offshore will be crucial drivers for...
By Charlie Zhu, Wenjin Lv · Bloomberg Markets
China’s central bank vowed to further encourage financing in the yuan by overseas entities, betting cheap borrowing costs and increased demand for the currency offshore will be crucial drivers for its globalization.