Yiwu becomes latest region to embark on financial reform
By Yu Ran in Shanghai | China Daily | Updated: 2013-09-18 07:48
Yiwu's government on Tuesday released a seven-point financial-reform plan that aims to build the export-oriented city in Zhejiang province into a financial trading center for local exporters.
The plan includes a trial program for individual cross-border yuan trade settlements.
The draft plan, originally submitted by the city on Dec 26, 2012, was approved by the State Council on Aug 23.
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