RMB growing part of world trade

Renminbi has been a growing part of global trade and finance, Alan Bollard, former Governor of the Reserve Bank of New Zealand, told China Daily in a recent interview.

Bollard discussed the growing importance of RMB in international trade. He also highlighted China's efforts in developing digital currency, noting that it could have a significant impact on global trade.

He acknowledged China's pivotal role in shaping global trade and economic growth, expressing his expectation that this influence will continue to extend across the Asia-Pacific region and beyond. Bollard also emphasized the importance of global cooperation, particularly the sustained collaboration between major economies, which he believes will drive growth not only for these economies but also for the broader Asia-Pacific region.