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China Urged to Boost Yuan's Global Use Through Imports

1/21/2026

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Summary

Story summary

Liu Shijin, a former central bank adviser in China, urged expanding imports settled in yuan to boost the currency's global use.
Speaking at a Peking University forum, he stressed a balanced trade structure to raise the yuan's international standing.
During the 15th five-year plan period (2026-2030), China should narrow the gap while maintaining export competitiveness and expand its consumer market.

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Story summary

Liu Shijin, a former central bank adviser in China, urged expanding imports settled in yuan to boost the currency's global use.
Speaking at a Peking University forum, he stressed a balanced trade structure to raise the yuan's international standing.
During the 15th five-year plan period (2026-2030), China should narrow the gap while maintaining export competitiveness and expand its consumer market.