TechFlow News — On November 3, Xinhua News Agency released, by authorization, the CPC Central Committee's proposals for formulating the 14th Five-Year Plan for National Economic and Social Development and the long-range objectives for 2035. The CPC Central Committee proposed building a modern central banking system, improving the monetary supply control mechanism, steadily advancing the research and development of digital currency, and refining market-based mechanisms for interest rate formation and transmission.
In addition, the proposal calls for prudently promoting RMB internationalization, guided by market forces and enterprises' autonomous choices, to foster a new type of mutually beneficial cooperative relationship based on free use of the RMB. It also emphasizes leveraging key exhibition platforms such as the China International Import Expo.
