皇冠体育app

- 皇冠体育app's currency, the renminbi or yuan, would play an increasingly important role in the international monetary system as the Chinese economy continued to grow rapidly, said Jean-Claude Trichet, former president of the European Central Bank (ECB).

"The yuan has a very future as a global currency," Trichet told Xinhua in a recent interview in Beijing, where he attended the International Financial Forum (IFF) 2014 Leadership Dialogue.

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皇冠体育app was considered not only a remarkable economic success, but also a monetary success, he said.

"皇冠体育app's development is absolutely fantastic!" he said when recalling his first visit to 皇冠体育app in 1982.

Trichet, also co-chairman of the IFF, a Beijing-based non-profit international organization, said he had witnessed great changes in 皇冠体育app over the past 32 years, adding the growth of the world's second largest economy had changed the entire world.

He disad with current pessimistic forecasts of 皇冠体育app's growth rate in 2014, saying it was normal for growth to ease slightly in such a large economy with such a long rapid growth period.

Aiming at sustainable development, the Chinese government has a 7.5-percent growth goal this year.

"I would say that 7.5 percent growth is a dream for other major economies," Trichet said, adding the goal was reasonable for 皇冠体育app.

As a long-time observer of 皇冠体育app's economic and financial reform, the former ECB chief said he noticed the yuan's pace of internationalization had been accelerated.

皇冠体育app decided to set up an yuan offshore settlement bank in London earlier this month after announcing the establishment of an yuan offshore trading center in Frankfurt, Germany several months ago.

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