Taking the global payment value as an example, the yuan ranked only fifth with a share of 1.95 per cent in May, compared with 40 per cent for the US dollar, according to the Society for Worldwide Interbank Financial Telecommunication. Photo: EPA-EFE Taking the global payment value as an example, the yuan ranked only fifth with a share of 1.95 per cent in May, compared with 40 per cent for the US dollar, according to the Society for Worldwide Interbank Financial Telecommunication. Photo: EPA-EFE
Taking the global payment value as an example, the yuan ranked only fifth with a share of 1.95 per cent in May, compared with 40 per cent for the US dollar, according to the Society for Worldwide Interbank Financial Telecommunication. Photo: EPA-EFE

China’s yuan internationalisation strategy needs ‘persistent, strong foreign demand’

  • Renmin University vice-president Liu Yuanchun believes China should look to drive demand for yuan-denominated assets as part of its internationalisation strategy
  • Renmin University on Saturday will release its yuan internationalisation index, which measures the popularity of the currency

Topic |   China economy
Taking the global payment value as an example, the yuan ranked only fifth with a share of 1.95 per cent in May, compared with 40 per cent for the US dollar, according to the Society for Worldwide Interbank Financial Telecommunication. Photo: EPA-EFE Taking the global payment value as an example, the yuan ranked only fifth with a share of 1.95 per cent in May, compared with 40 per cent for the US dollar, according to the Society for Worldwide Interbank Financial Telecommunication. Photo: EPA-EFE
Taking the global payment value as an example, the yuan ranked only fifth with a share of 1.95 per cent in May, compared with 40 per cent for the US dollar, according to the Society for Worldwide Interbank Financial Telecommunication. Photo: EPA-EFE
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