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China can leverage more policies to maintain economic stability and prevent financial risks, amid the rise in coronavirus infections and global inflationary pressure, International Monetary Fund experts and former finance officials said. ....
China can leverage more policies to maintain economic stability and prevent financial risks, amid the rise in coronavirus infections and global inflationary pressure, International Monetary Fund experts and former finance officials said. ....
E-CNY certain to promote renminbi s internationalization By CHEN JIA | China Daily | Updated: 2021-07-29 09:18 Share CLOSE E-CNY is promoted during an expo in Dalian, Liaoning province. [Photo by Lyu Wenzheng/For China Daily] E-CNY, the digital currency of China s central bank that is in the works, will further promote the process of renminbi internationalization once the RMB becomes the world s third-largest currency in terms of pricing, settlement and international reserves, experts said on Wednesday. E-CNY, or the digital RMB, is currently undergoing tests through trials. Cross-border e-commerce payments could be the next key scenario for e-CNY use because it is natural and particularly easy to accept , said Tu Yonghong, deputy director of the International Monetary Institute (IMI), which is part of the Renmin University of China. ....