IMF Managing Director Lagarde said on the 30th, the yuan "into the basket" is the Chinese economy into the global financial system is an important milestone, Yiwu Market but also the organization of the Chinese government over the past few years, China's monetary and financial system reform progress achieved recognition.

Chi Kubidesen US Institute for International Economics Senior Fellow Nicholas Lardy of the Xinhua News Agency, told reporters that as China becomes world's second largest economy, the largest trading nation, and the renminbi is widely used in the international market, the yuan "into the Basket "is a matter of course. Yiwu City He said the yuan "into the basket" is IMF credibility of RMB liquidity highly recognized, but also on China's economic reform and the renminbi internationalization process cast a vote of confidence. IMF during 2010 were SDR assessment that the yuan to meet the export trade size standard currency issuing country, but has not yet reached the standard in freely usable currencies.

After a few years, the Chinese government and central bank to take a series of measures to accelerate financial market reforms, significantly accelerated the process of internationalization of RMB. Since August this year, China on the recommendation of IMF in SDR preliminary assessment presented in the report, Yiwu Fair has issued a series of new reform measures. Financial experts pointed out that "free to use" standard IMF refers to international payment transactions are widely used and widely traded in the principal exchange markets, in practice, mainly through monetary liabilities between the global foreign exchange reserves, international banking, International debt securities, cross-border payments, trade finance and transaction amount proportion in main foreign exchange market indicators. IMF assessed that the yuan in line with the "freely usable" currency requirements. Radi said that the final results show that IMF endorsed the reform of China's actions.

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