Thursday, November 14, 2013
RMB Business in Africa Requires the Support of Policy System
ANBOUND
China's national policy constraints and conservative banking industry are the key reasons why RMB business cannot meet the demand of African market. China should be highly aware that the cooperation with Africa has strategic meaning towards China’s economic development and structural adjustment. There is a need to further improve and enhance the support of financial policy system in order to strengthen the development of RMB business in Africa.