Internationalization of yuan must serve real economy

Editor's Note: At a forum on Wednesday during the 2nd China International Import Expo, Chen Yulu, vice-governor of the People's Bank of China, the central bank, said the yuan's internationalization is a natural market-driven process. 21st Century Business Herald comments:

Over the past 10 years, the yuan's internationalization has made great progress, with its international use extending from trade settlement to all current accounts, and then to capital accounts.

At present, the yuan's internationalization enjoys a good foundation and broad prospects and it will play a greater role in the construction of the China (Shanghai) Pilot Free Trade Zone. The pilot free trade zone is the frontier of China's opening-up to the outside world and it should play an important role in the internationalization of the yuan. At the same time, it will also benefit from the internationalization of the yuan.