{"id":130530,"date":"2025-11-12T02:05:11","date_gmt":"2025-11-12T02:05:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/130530\/"},"modified":"2025-11-12T02:05:11","modified_gmt":"2025-11-12T02:05:11","slug":"why-chinas-growing-global-investments-could-spur-yuan-internationalisation-push","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/130530\/","title":{"rendered":"Why China\u2019s growing global investments could spur yuan internationalisation push"},"content":{"rendered":"<p>China may take additional steps to advance the <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3315941\/summer-davos-debate-chinas-yuan-ready-challenge-us-dollar-dominance?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">yuan\u2019s internationalisation<\/a> and ease cross-border flows on the back of rising investment demand, according to a prominent economist.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cChinese companies are showing strong momentum in expanding their overseas investments, so I believe the Chinese government will take more enabling measures [to support transactions],\u201d said Xiang Songzuo, former chief economist at the Agricultural Bank of China.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">He added that the internationalisation of the yuan is being driven more by business demand than by Beijing pursuing it \u201cfor its own sake\u201d.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Currently, Chinese companies require government approval for overseas direct investment, as Beijing maintains strict capital controls to limit outflows \u2013 even as it encourages international use of the currency.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">As domestic firms look to expand their global footprint, Xiang said he expects Beijing to gradually accelerate efforts to facilitate the flow of the yuan.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cAs long as the investments are legitimate, [the government] will certainly support companies that want to go overseas,\u201d Xiang said.<\/p>\n","protected":false},"excerpt":{"rendered":"China may take additional steps to advance the yuan\u2019s internationalisation and ease cross-border flows on the back of&hellip;\n","protected":false},"author":2,"featured_media":130531,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[190,90069,28174,30236,4177,575,138,607,30769,219,2024,4431,111,139,69,90067,5262,90070,10130,90068],"class_list":["post-130530","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-africa","tag-agricultural-bank-of-china","tag-americas","tag-bank-of-china","tag-beijing","tag-brazil","tag-business","tag-china","tag-chinese-companies","tag-economy","tag-europe","tag-hong-kong","tag-new-zealand","tag-newzealand","tag-nz","tag-overseas-direct-investment","tag-us-dollar","tag-xiang-songzuo","tag-yuan","tag-yuan-internationalisation"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/130530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=130530"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/130530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/130531"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=130530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=130530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=130530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}