Workshop 2
China’s economic digitization, morphing monetary policy framework & the globalization of RMB
Stephen CHIU
Vice President, Business Management and Research Team, Treasury Division
China Construction Bank (Asia) Limited
China’s digital economy on the rise, accounting for about 40% of GDP nowadays
Digitization can bolster China’s productivity and support economic rebalancing
Digitalization helps slowing China’s potential growth slowdown
China’s monetary policy framework morphing towards developed nations’ setup
China’s interest rate system too perplexing and convergence needed
China has been stepping up policy communication with the markets
RMB globalization to pick up but still a long way to go
We introduces the CCBA REIT (Renminbi Effective Internalization Tracker)