In the first half of 2020, RMB cross-border payments grew 36.7 percent year on year to reach 12.7 trillion yuan (1.83 trillion U.S. dollars), while RMB's share of global currency reserves was more than 2 percent in the first quarter of the year, nearly doubling its share seen in 2016 when RMB was included in the IMF's Special Drawing Rights (SDR) basket of currencies, according to him.
Yi said that the hallmark of the Chinese economy -- boasting vast potential and ample resilience -- remains unchanged, and that it is set to continue on a recovery path in the second half of the year and is expected to achieve positive growth for the full year.
In the second half, China will pursue a more flexible and appropriate monetary policy, making it more targeted, and effectively implement policies aimed at helping enterprises tide over difficulties and ensuring employment, he said.
The central bank will also use a variety of monetary policy tools to enable M2 money supply and aggregate financing to grow at notably higher rates than last year, while promoting substantial growth in inclusive loans to small and micro businesses and medium- and long-term loans to the manufacturing industry, he said.
【国内英语资讯:Interview: China to resolutely deepen opening-up of financial sector: central bank governor】相关文章:
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