China should leverage buying power to boost yuan’s use in trade: former PBOC adviser

South China Morning PostCenter-RightEN 2 min read 100% complete by Sylvia MaJanuary 21, 2026 at 06:36 AM

AI Summary

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A former advisor to China's central bank, Liu Shijin, is advocating for China to increase yuan-denominated import settlements to boost the currency's international standing. Speaking at a Peking University forum, Liu suggested that China leverage its significant buying power to narrow the gap between its export dominance and the yuan's global usage during the 15th five-year planning period (2026-2030). He argues that a strong currency relies on a large share of imports settled in the home currency. Liu's proposal comes amid the yuan's appreciation and concerns about the US dollar's stability, highlighting China's potential to build a larger consumer market and utilize its position as a major importer of energy and raw materials to promote the yuan.

Key Entities & Roles

Key Player Opposition Context

Securities Times 40% Peking University 40% Donald Trump 50% US dollar 60% Development Research Centre of the State Council 60% United States ×270% People’s Bank of China 70% yuan ×690% Liu Shijin ×490% China ×8100%

Keywords

yuan internationalization 90% imports settled in yuan 80% china's buying power 80% trade structure 60% us dollar 50% currency appreciation 50% consumer market 40% export competitiveness 40%

Sentiment Analysis

Positive

Score: 0.30

Source Transparency

Source

South China Morning Post

Political Lean

Center-Right (0.50)

Far LeftCenterFar Right

Classification Confidence

90%

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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yuan internationalization imports settled in yuan china's buying power trade structure us dollar currency appreciation consumer market export competitiveness

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