Interview: Expert on yuan settlement scheme

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For more analysis for the yuan settlement scheme, we have Professor Xiao Geng, from Tsinghua University, on the line with us.

Professor Xiao, welcome to BizChina.

Q1: What is your opinion on the renminbi settlement program -- especially concerning its significance, short-term and long-term benefits, or risks involved?

Q2: China's capital account has not fully opened up yet. How long, do you think, will it take to make that happen? When will it become totally convertible? And what steps does the Chinese mainland need to take to make yuan a true international currency?