# China to push yuan internationalization, free trade: central bank official

> Central bank vice governor Fan Yifei said China will keep pushing yuan internationalization and promote free trade and investment. The remarks were made on April 27. The article is a short excerpt.

- Date: 2017-04-27 · published 2017-04-27T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/71710-china-to-push-yuan-internationalization-free-trade-central-bank-official
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Policy aimed at wider yuan use has little direct effect on feed grain prices. It is a background signal about currency policy rather than a supply or demand driver.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-09-06 | [Why China's central bank is shoring up the yuan](https://feedsoft.ai/events/12268-why-china-s-central-bank-is-shoring-up-the-yuan.md) | +0.4% | +3.1% |
| USDCNY | 2023-07-06 | [China's yuan firms as central bank pledges again to stabilize currency](https://feedsoft.ai/events/35262-china-s-yuan-firms-as-central-bank-pledges-again-to-stabilize-currency.md) | -1.1% | -0.8% |
| USDCNY | 2016-12-03 | [China should use part of its foreign reserves to stabilize yuan expectations: central bank adviser](https://feedsoft.ai/events/73694-china-should-use-part-of-its-foreign-reserves-to-stabilize-yuan-expectations.md) | +0.3% | +1.1% |
| USDCNY | 2019-02-25 | [China central bank vows to make yuan more flexible - Gulf Times](https://feedsoft.ai/events/60812-china-central-bank-vows-to-make-yuan-more-flexible-gulf-times.md) | -0.1% | +0.1% |
| USDCNY | 2022-09-29 | [Exclusive: China's state banks told to stock up for yuan intervention](https://feedsoft.ai/events/7209-exclusive-china-s-state-banks-told-to-stock-up-for-yuan-intervention.md) | -1.2% | +0.3% |

## Sources

- reuters.com: https://www.reuters.com/article/us-china-economy-yuan-idUSKBN17T13Y/?il=0

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.