Xinjiang's RMB cross
Time:2024-04-30 02:51:36 Source:businessViews(143)
(ECNS) -- The cross-border settlement of Chinese yuan, or RMB, of enterprises in Xinjiang Uyghur Autonomous Region registered a new high to 52.8 billion yuan (about $7.23 billion) in 2023, a year-on-year growth of 13.3 percent, said Xu Ke, vice governor at Xinjiang branch of People's Bank of China during a press conference on Monday.
A total of 1,102 enterprises in Xinjiang handled the cross-border RMB receipts and payment business in 2023, an increase of 312 compared to 2022, according to the data.
Actual cross-border RMB settlements of bulk commodity trade and petty trade increased by 20 percent and 51 percent respectively in Xinjiang in 2023. Cross-border RMB settlement with 10 adjacent countries was up 55 percent year-on-year. RMB usage in cross-border trade with Russia and Mongolia accounts for more than 90 percent, becoming the preferred payment currency.
Pilot enterprises' cross-border RMB settlement stood at 15.7 billion yuan in 2023, accounting for 30 percent of the total in Xinjiang.
Previous:A third of foreign students seeking to stay in the UK are at just SIX institutions, figures show
Next:Chinese readers find new passion for scientific literature
You may also like
- United Methodists prepare for votes on lifting LGBTQ bans and other issues at General Conference
- Pirates stay careful with prized rookie Jared Jones despite overpowering performance vs Mets
- Canton Fair opens in China with surge in overseas purchasers
- UN appeals for $2.8 billion to help 3 million Palestinians in desperate need of food and other aid
- China rejects US accusations over normal China
- AP mock NFL draft 3.0: 8 trades, including 2 in the top 5 highlight AP's final mock draft
- Influencer Laura Lee reveals she spent $2,000 buying Kylie Jenner's USED designer shoes
- 3 Vietnamese land rights protesters released early from prison — Radio Free Asia
- Chemical and biological methods help restore ancient books in north China