| China’s government praised this week's decision by the International Monetary Fund to add the yuan to the world's elite reserve currencies, saying it was a recognition of the government's decades-long effort to reform its economy.
The government also vowed to use the IMF recognition of the yuan, also known as the renminbi, to press ahead with the changes. “This move will help gradually boost the internationalization of the renminbi and will enable China to be more engaged in global economic governance, ” China's State Council said in a statement after its regular meeting Wednesday...............................................Full Article: Source
|