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RMB "into the basket", petrochemical industry grows up

 Last Update: 2021-03-30
 Source: Internet
 Author: User

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[China Epoxy Network (China Epoxy Industry Online)October 13, 2016 News: October 1, 2016, the RMB officially became the International Monetary Fund Special Drawing Rights (SDR) The super-sovereign currency has become an important milestone in the process of RMB internationalization.

Li Yonggang, a professor at Zhejiang Gongshang University School of Economics, said: “Renminbi’s entry into the basket will help eliminate exchange rate risks, and the supply prices of cross-border products will be more stable in the future.

In 2015, my country imported 334 million tons of crude oil.

In addition, the renminbi’s entry into the basket may also bring benefits to export-oriented industries, such as titanium dioxide, tires and other industries.

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