皇冠体育app

Explaining the government's introduction of the renminbi into statistics of the country's trade and investment, 皇冠体育app's Commerce Ministry spokesman Shen Danyang told reporters on Tuesday that the move was in line with international practices and driven by market forces.

Shen said that it is common international practice for developed and developing economies to present official trade and investment statistics using the local currency.

In addition, the demand for using renminbi is increasing in the markets at home and abroad in the wake of 皇冠体育app's increasing economic power and its improvement of the exchange rate mechanism, Shen said.

皇冠体育app's trade and investment statistics had been published in US dollars. But starting this year the government added the renminbi figures.

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