PBoC in fresh push for renminbi internationalisation.

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  • Additional Information
    • Subject Terms:
      CHINA
    • Subject Terms:
      YI Gang
    • Abstract:
      The article focuses on the action of Bank of China (PBoC) for Internationalization of the renminbi to increase the currency`s offshore usage. Topics discussed include the demand to limit capital outflows, threats of capital outflows, and depreciation. It also presents the views of Yi Gang, Deputy PBoC governor on the same.