Long-term plan to help yuan

Trend shows move toward yuan's internationalization

Short-term capital controls may help fend off financial risks, but they will not last long at a time when the country is stepping up efforts to promote the yuan's use in international trade and enhance market openness, say economists.

The latest data from the Society for Worldwide Interbank Financial Telecommunication show the yuan accounted for 2.28 percent of global payments in November, up from 1.92 percent in the previous month, retaining its position in the top-five currency list.