New policy create booming businesses !

Ministry of Commerce and PBOC Instructed financial institutions shall
1) facilitate international payments for goods and services using CN yuan and

2) support foreign investors to invest and reinvest in China using the yuan, according to the notice which was issued by few days ago.

3) The move will help to further internationalize the yuan,

4) make international payments more convenient for businesses and spur overseas economic activities.

China has signed
5) bilateral agreements with many countries that are part of the ‘Belt and Road Initiative’ and other friendly nations which allow payment in yuan and this facility can be further expanded.

6) USD fluctuations and lower the cost of foreign exchange transactions.

7) An unstable exchange rate greatly impacts imports and exports.