Yuan should become firm in world trade
Department manager of Shenzhen Development Bank, Lin Na said at the 11th Guangdong Provincial People’s Congress, that the trial of yuan settlement has gained little achievements for over a year, as with small scales in business and joined with few of foreign partners. She has advised to speed up offshore market construction for yuan to go easy in the world.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Therefore five proposals have been provided by in this field as follows: the first is to set up perfect rules to facilitate the enterprises and in support of export tax rebate. The foreign exchange regulator ought to promote the use of renminbi in the operation of international payment; the second is to strengthen the promotion during the whole process of yuan settlement; third is to push ahead the construction of offshore market, to benefit both investors at home and abroad, in order to make the yuan going easily in the world; the fourth is to establish the regulations on the claims and debts to be payable in yuan for overseas debtors; the last is to build up management system for yuan’s cross-border business in monitoring statistics, analysis and the checking of capitals and the goods transported in the process of business transactions.
