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Cross-border trade in Heihe, China's northernmost free trade area adjacent to Russia's Blagoveshchensk, has remained stable this year. Despite COVID-19's impact, robust development in e-commerce has been a major boost for the local economy.
Currently, the currency's international use covers all the functions of store of value, unit of account and medium of exchange. However, the share of the renminbi in global usage is still limited. For instance, the renminbi is one of the IMF's SDR basket currencies. But the renminbi share that central banks hold is only about 2 percent while the dollar accounts for 64 percent. In global payments, the renminbi ranked No 5 or 6, but its world share was 1.9 percent, much lower than 39.1 percent of the dollar.
DAMASCUS, Feb. 9 -- The US-backed Syrian Democratic Forces (SDF) started on Saturday the final attacks against the Islamic State (IS) militant group in eastern Syria, Kurdish activists reported.
Cutting the interest rates and RRR will be the possible measures that the PBOC may use in the second half to guide down the overall social financing costs, said Wen from China Minsheng Bank. Besides, more structural tools will be used to direct the floating funds to the weakest sectors, said Wen.
Currently, South Africa's main exports to China include iron ore, steel, manganese, chrome ore, tobacco, wool, granite, gold, copper, aluminum and motor vehicle spares. China's main exports to South Africa on the other hand include textiles, kidney beans, groundnuts, cotton seed cake, light electronics, capital equipment, paraffin wax and television sets.
来源：资阳报