The yuan has appreciated more than 3.7 percent against the greenback in the first quarter of 2017, the largest rise since 2008.
The world's second largest economy will further open up its financial market to promote the internationalization of the Chinese yuan and capital account convertibility in a steady pace, Xi added.
The world today is facing challenges that can only be tackled through international cooperation. Progress in communication and logistics, for example, has resulted in supply and value chains that stretch throughout the globe. Digitalization is only beginning to transform once again the way goods and services are produced, distributed and consumed. The digital economy presents hitherto unseen opportunities but also challenges, such as in the area of data protection. We thus have to use this technology in a way that contributes to economic and societal progress, and maximizes the benefits for the whole population. As a finance minister, I am particularly concerned about the fragmentation of global financial markets and unilateral measures to globally tax the digital economy. These issues can only be resolved together.
The workshop kicked off on Monday in Beijing and will run through Sept 29.
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莆田纹绣学校
The yuan's going-global trend picked up pace in 2016 when the IMF added the currency to its basket of the Special Drawing Right, making it the fifth major currency following the US dollar, euro, Japanese yen and British pound.
There are three major transmission channels for the short-term shocks to turn long-lasting: expectation, liquidity, and leverage. Luckily, precautionary policies are either already underway or can be expected in each of the channels, which will help contain the transmission and make market shocks from the epidemic short-lived.
Then researchers provided captive pandas with more opportunities to communicate socially with each other.
The nature of Sino-US economic and trade cooperation is mutually beneficial.[Photo/VCG]