China Flexes Its Financial Muscle†

中国展示其金融实力*

Digest | 文摘

Over the past few months, the People’s Bank of China has signed memoranda of cooperation with the central banks of Laos, Kazakhstan, and Pakistan to establish RMB clearing arrangements for handling cross-border transactions between China and these countries.  As enterprises and financial institutions in these countries become able to process payments made in RMB, these countries’ trade and investment activities with China are expected to grow.

Are there concrete examples showing the positive impact these RMB clearing arrangements are having on the economies of Laos, Kazakhstan, and Pakistan?  Are other countries likely to follow suit and establish RMB clearing arrangements to strengthen their economic relations with China?

近几个月来，中国人民银行与老挝、哈萨克斯坦、巴基斯坦等国央行签署合作备忘录，为处理中国与这些国家的跨境交易建立人民币清算安排。随着这些国家的企业和金融机构可以使用人民币支付，这些国家对中国的贸易和投资活动有望增长。

是否有具体例子表明这些人民币清算安排已对老挝、哈萨克斯坦和巴基斯坦的经济产生了积极影响？其他国家是否会仿效建立人民币清算安排，以加强与中国的经济关系？

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^† This piece was contributed by by David Wei Zhao and edited by SINOTALKS.COM.

^* 此文章由赵炜提供，并由丝络谈™编辑。

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