Challenge of dollars, yuan and euro directly between trading
Shanghai … News Time
Chinese yuan and the euro currency have decided to start live trading. The foreign exchange market is the national operator Direct trade means that the rates of the U.S. dollar as the primary currency used in the calculation will be The move aims to encourage overseas trade in yuan is China’s new policy to encourage investment in low conversion cost would be In June, the British pound and the yuan in China began direct trade currencies even a direct pipeline to China for trade areChina has placed strict controls on the capital account, Economic experts believe that the move of the capital inflow and out flow cannot be predicted which could hurt the country’s economy, However, China did not challenge the U.S. dollar has come, China’s trade with the EU will increase. On Monday, China’s foreign exchange sales in the euro were 7.8085 yuan.
