China's central bank vows to expand yuan's international use in five-year plan
A man walks past a People's Bank of China (PBOC) sign in Beijing, China April 8, 2024. REUTERS/Florence Lo
BEIJING, Aug 10 (Reuters) - China's central bank pledged in its five-year plan to keep the yuan exchange rate basically stable and expand the use of the Chinese currency in international trade and investment, it said in a statement on Monday.
The People's Bank of China also vowed to resolve risks in key areas, strengthen financial support for expanding consumption and "steadily advance high-level opening up of the financial sector".
(Reporting by Yukun Zhang and Ryan Woo; Editing by Aidan Lewis)
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