BEIJING (Reuters) -China’s recent plan to facilitate cross-border financial services has become more important at a time when both internal and external environments have seen huge changes, a senior central bank official said on Wednesday.
Lu Lei, deputy governor of the People’s Bank of China (PBOC), told reporters in Beijing that the external environment had become more complex and forces driving global economic growth were insufficient while protectionism was intensifying.
The PBOC published an action plan on Monday encouraging state-owned enterprises to prioritise usage of the yuan currency in business transactions.
(Reporting by Kevin Yao and Beijing Newsroom; Editing by Jacqueline Wong)
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