practice and reflections on bilateral local currency cooperation between...
title: practice and reflections on bilateral local currency cooperation between china and four asean countries
author: zhang manjing and wang zichen
in recent years, economic and trade exchanges between china and asean countries have become increasingly close. market demand for local currency settlement and direct exchange has been steadily growing, highlighting the significance of strengthening bilateral cooperation in local currency. in this study, the authors selected four asean countries, namely singapore, malaysia, thailand, and indonesia, as case studies. they extensively discussed the current situation of local currency settlement and transactions between china and these countries, providing valuable insights for the further advancement of china-asean bilateral local currency cooperation.
