Economy
No link between yuan convertibility and SDR: Central bank
Updated: 2011-04-01 10:15
(Agencies)
NANJING - A vice-head of China's central bank disputed on Thursday a link between the convertibility of the yuan and its inclusion in the basket that forms the Special Drawing Right, or SDR.
|
Separately, Zhou Xiaochuan, China's central bank governor, said the yuan has gained higher acceptance in Asia than in the rest of the world.
The remarks by Yi, Zhou and Trichet were made at a G20 currency meeting in Nanjing.
China, the largest foreign owner of US Treasuries, has been pushing for a greater role of the SDR in international commerce in the hope of reducing its reliance on the US dollar.
E-paper
Rise and shine
The Chinese solar energy industry is heating up following recent setbacks in the nuclear sector
Preview of the coming issue
Bombs aim for regime change
CSI, with a twist
Specials
The queen of panda cubs
Spanish Queen Sofia laughs as she plays with a panda.
London's Olympic Stadium
Construction on the flagship stadium for the 2012 London Olympics was completed Tuesday.
Donkey-powered Land Rover
Two donkeys pull a broken-down Land Rover in Shenyang, Liaoning province.