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Bigger global role for RMB in 2013

Updated: 2012-12-04 07:55
By Wang Xiaotian ( China Daily)

Liquidity injection needed to boost currency's standing: Deutsche Bank

Deutsche Bank AG expects the offshore yuan market to maintain rapid growth next year, but has called on the central government to inject more liquidity to ensure the continuous expansion of the yuan's global use.

In a report released on Monday, the lender said 2013 will be very much about dealing with offshore yuan liquidity supply concerns through further capital account liberalization, and said it anticipates a range of "exciting" policies and market developments ahead.

Bigger global role for RMB in 2013