Yuan has more important roles across the globe

It is estimated that the Yuan will make up 5 per cent of the global currency reserve by 2020.

The instability that has come to be associated with major currencies such as the US dollar and the euro, had propelled China to speed up the internationalization of its currency as its economy continues to grow.

Had there been a stable international currency system, China wouldn't need to internationalize the Yuan.

The global currency system is dominated by the US dollar, and the system is flawed. That was proved by the [2008] financial crisis.

Yuan would not displace the US dollar as the dominant global currency.

The major holders of Yuan should be China's trading partners, or those who believe in the long-term prospects of the currency, and the currency would continue to move towards a floating exchange rate.

Despite international pressure on Beijing to accelerate the pace of Yuan appreciation, economic stability remained the top conce
for the central government while weighing financial reforms.

The slower pace would be caused by a slowdown in exports and structural changes aimed at nudging the economy towards domestic consumption and away from its dependence on exports.

Once the yuan was fully convertible and became a main global currency, Shanghai would inevitably become a major international financial hub.

Currency exchange rate and other currency issues will affect the import and export industries heavily.

IBUonline always cares about currency exchange rate conce
ing import and export elements.

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