Nation seeks closer ties with France through yuan markets

Senior officials of China and France have agreed to promote the development of the offshore yuan market in Paris and seek closer bilateral economic relations.

The agreement was noted in a joint statement after the First China-France High-Level Economic and Financial Dialogue in Beijing, held on Tuesday.

Vice-Premier Ma Kai said at the dialogue that China will consider supporting the offshore yuan market in the French capital through the renminbi qualified foreign institutional investor mechanism "at the appropriate time".