China should further advance the........>

CHINA PRESS: China should further advance the yuan's use in countries nearby,

specially those aligned with its One Belt One Road initiative, said Yang

Xiaoping, head of the PBOC Kunming Division to Financial News, according to the

newspaper Wednesday. 

  - FX restrictions and problems hindering cross-border renminbi settlements

still exist: Yang; 

  - China should encourage domestic financial institutions to cooperate with

banks in these countries to establish more branches on either side, and to

enhance the mutual flow of renminbi: Yang; 

  - China should accelerate signing agreements on cooperation of currency use

with these countries. It should establish a currency trading center in Yunnan

province for transactions of non-major international reserve currencies, to

advance internationalization of the yuan; Yang.