CHINA-ECONOMY
China's official 'Outlook' magazine in its issue of April 14, 2015, quoting sources in think-tanks revealed that Beijing will push for the yuan to be included in a basket of currencies used to denominate and settle loans from the Chinese-led Asian Infrastructure Investment Bank (AIIB). It said Beijing will also encourage the AIIB and the Silk Road Fund to set up special currency funds and issue yuan-denominated loans through both institutions. |