For diversified monetary system in the future

From the perspective of a global reserve currency over the past hundreds of years change,ASTM A106 Grade b SCH40 Seamless Steel Pipe a country's currency will not become the masters of the century ten thousand generation. Started in 2008 the global financial crisis and sustained the eurozone sovereign debt crisis has, including the world bank, most economists believe that just as the dollar replacing sterling, the dollar will eventually be more by the dollar, euro and renminbi currency system.

On business, the United States is the place that can not be replaced, not open around, which not only plays an important role in the international payments and foreign exchange transactions,Long Radius 90 Degree Bend Pipes what is more important as a reserve currency in the foreign reserve ratio is extremely high. From the IMF has released the official global reserve currency composition of foreign exchange (COFER) report, the total in the first quarter of this year the global foreign exchange reserves rose to about $11.86 trillion, in the allocation of foreign exchange reserves, the dollar accounted for 60.9%, will remain the dominant reserve currency.

But since the second half of 2013, the dollar reserve quarter by quarter decline to $3.76 trillion,HG20593-97 PN1.0MPa Raised Face Plate Flange Specifications and accounted for in the allocated reserve edged down from 61.8% last year to the current 60.9%. "If continue to fall, does mean that, by 2025, the dollar is going to be a secondary reserve currency, and the people's bank of China may accelerate the occurrence of such results, because its hold about half of the reserves in the world." Some economists think so.

China is Africa's largest trading partner RMB in non into "hard currency"

Set out on May 4, the state council premier li keqiang to visit African countries and the African union headquarters, this is li keqiang, his first visit to this year, is also a new government after the establishment,ASME RF/FF Welding Socket Weld slip on flange the prime minister's first visit to Africa.

China is the biggest developing country, Africa is a developing country most continents. In 2013, the total china-africa trade hit a record high, reached $200 billion (1.2429 trillion yuan). Since 2009, China has become Africa's largest trading partner for five consecutive years.Li said that before the visit to China to give full play to its own advantages,carbon steel seamless A106 steel pipe and pipeline actively participate in Africa's infrastructure construction, in order to improve the connectivity of the African continent.

Is known to all, from China to help African countries to build water conservancy, roads and other infrastructure, China has also provided a great number of aid to Africa and preferential loans, promote the development of the African countries' economies.

China-africa cooperation is now in the create "upgrade" time node, the two sides in the trade structure and changes of the financial sector has the new welcome cooperation,Schedule 40 Pipe Reducer Connector Dimensions long-term to do business in central Africa international bank, standard chartered bank (China) co., LTD. Chief executive Zhang Xiaolei, and the "daily economic news" reporter (hereinafter referred to as NBD) to share their ideas about the new china-africa economic cooperation and prospects.