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For more insight on the RMB cross-border settlement, Professor Xiao Geng from Tsinghua University joins us on the line.

Questions:

Q1: The State Council has chosen five cities to begin RMB cross-border settlement trials. How do you see the State Council's choices?

Q2: What does the move mean for China's international trade surplus, as well as exporters?

Q3: China has inked a total of 650 billion worth of currency swap deals. It's now trying to establish a Renminbi-based settlement payment system. How will these measures weigh on RMB's steps towards becoming one of the major global currencies?

(CCTV April 9, 2009)