đź“… 1 July 2009
The pilot allowed selected firms to settle cross-border trade in renminbi, reducing reliance on foreign currencies and extending China’s financial reach. Internationalization remained managed and...
đź“… 11 August 2015
The PBOC adjusted how the daily central rate was set, linking it more closely to the previous day’s market close and supply and demand. This expanded market signals in exchange-rate formation but...
đź“… 1 April 2017
China expanded its free-trade-zone experiment beyond Shanghai to inland and coastal provinces. This spread administrative and trade-policy experimentation across regions, supporting selective...
