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strategy

2019 China-New Zealand Year of Tourism: Things to know

A mix of academics, policymakers, tourist attraction agencies and operators came ...

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finance

Trade war will not derail China’s promise to open up its...

Road maps, timetables ‘already very clear’ and will be implemented, ...

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profile

Rt Hon Winston Peters - Remarks at Chinese New Year function

Minister of Foreign Affairs. Remarks at the Chinese New Year parliamentary event  ...

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commentary

New Zealand’s exports to China trump sales to Australia and the...

New Zealand’s goods and services exports are dominated by three key countries, ...

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general

Mandarin language assistants welcomed

Forty eight Mandarin Language Assistants were officially welcomed to New Zealand ...

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New wave of financial reforms set to increase acceleration of Renminbi internationalisation

Tax and Finance

Continued reforms by The People’s Bank of China (PBOC) are set to further accelerate the use of Renminbi (RMB) in international trade and investment and reinforce the move towards full convertibility of the currency. Reforms such as the widening of the RMB daily trading band, recent capital account deregulation and the expansion of the Qualified Institutional Investor Scheme are all signs of a change in focus away from appreciation to flexibility.

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