China is witnessing a significant expansion in its financial sector, a direct result of the government's persistent efforts to open up the market. This strategic move aims to attract more international investors and integrate China's financial systems with global markets.
Experts highlight the growing internationalization of China's currency as a key indicator of these initiatives' success. The increased use of the Chinese yuan in global transactions not only boosts China's economic influence but also provides greater stability and flexibility for international trade.
Reference(s):
cgtn.com
