Expert: China should open up financial sector with yuan SDR inclusion

The IMF will add the Chinese currency to its SDR basket from Oct. 1, 2016 with a weighting of 10.92 percent, as the currency has “met all existing criteria.”

China’s cabinet, the State Council, welcomed the IMF decision, seeing an opportunity for further financial reform and opening up.

Analysts advise Beijing to follow through on the trade liberalization agenda.

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