China to make currency "freely tradable, freely usable” by 2020 November 3, 2015 - 13:57 AMT PanARMENIAN.Net - China's ruling Communist Party says it plans to make the country's tightly controlled currency, the yuan, freely traded by 2020, the Associated Press reports. The announcement Tuesday, November 3, came as the party released more details of decisions at a meeting last week on its latest five-year development plan. The party said its leaders agreed to make the yuan a "freely tradable and freely usable currency" by the end of the plan in 2020. The United States and other governments want Beijing to ease controls that they complained for years kept the yuan undervalued and gave Chinese exporters an unfair price advantage. The party said it will switch to a "negative list" in foreign exchange regulation during the five-year plan, which would allow companies to do whatever is not explicitly prohibited.  Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Armenian, Saudi Foreign Minister meet in Riyadh  The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”.U.S. doesn’t see Russia as contributing to peace in Caucasus Patel made the remarks when asked about the implications of Russia’s withdrawal of peacekeepers from Karabakh.Up to 1% cashback when shopping on Wildberries with IDBank cards IDBank is launching an exclusive campaign on Wildberries for online shopping enthusiasts. |
