date:Aug 02, 2013
The imminent internationalization of the Chinese currency could have a major impact on the countrys seafood trade, making exports more expensive but imports more affordable.
Chinese policy makers are expected to announce the timetable for liberalization of currency controls and eventual convertibility of the Renminbi (RMB) in October when the Chinese communist Party leadership meets in Beijing to deliberate on much-mooted economic reforms needed to boost the countrys flagging economic growth.