China’s central bank targets global yuan in first solo 5-year plan in at least a decade

China’s central bank has set out its strategic priorities for the coming five years in a stand-alone plan, placing yuan internationalisation high on the agenda as Beijing seeks to build the country into a major “financial powerhouse”. The People’s Bank of China outlined its broad goals for the 15th five-year plan period under a new reform and development blueprint, which would be accompanied by nine specific action plans, in a statement released on Monday. According to the document, one of the..