A free-trade agreement between China and Japan will boost relations and benefit both countries, a former trade official said.
A free-trade agreement between China and Japan will boost relations and benefit both countries, a former trade official said.
More cooperative opportunities will arise in capital markets in China and Japan as ties between the two countries strengthen due to improving economic co-development, financial leaders have said.
China and Japan are creating opportunities to strengthen relations to safeguard themselves against global economic turbulence, former vice-premier said.
China CITIC Bank said Tuesday that it has been approved as one of China's market makers in yuan-yen direct trading.
The direct trading of the Chinese yuan and Japanese yen that began from June 1 in Tokyo and Shanghai is "definitely a win-win game for both sides" .
The International Monetary Fund welcomed the upcoming direct interbank trading of the Chinese currency yuan against the Japanese yen.
Japan and China will begin direct yen- yuan trading later this week, bringing the yuan one step closer to becoming a truly global currency.
People's Bank of China, the central bank, said on Tuesday it "actively" supports direct trading between the yuan and the Japanese yen.
Being the two largest US debt holders, China and Japan are facing common challenges derived from the depreciation of dollar in the current dollar-dominated international monetary system.
HONG KONG - Chinese and Japanese efforts to bypass the dollar by directly exchanging yen and yuan will improve financial stability in Asia, Kiyohiko Nishimura, a deputy governor of Japan's central bank, said on Wednesday.
Chinese Premier Wen Jiabao Sunday told visiting Japanese Prime Minster Yoshihiko Noda that China is willing to work with Japan in promoting the direct use of their respective currencies in bilateral trade.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
