However, Tian highlighted the need to appropriately handle the pace of financial opening-up and renminbi internationalization, especially regarding capital account liberalization.
In an exclusive interview with China Daily, Zhu Min, former deputy managing director of the International Monetary Fund, said China is gradually advancing renminbi internationalization.
The Chinese shipbuilding sector began its path toward internationalization in the 1980s, constructing a large number of vessels for European and Asian shipowners.