(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.
Related articles:
Related suggestion:
LenstoLensChina Moves to Boost Traditional Chinese Medicine CultureMusic Experts Visit 'Spring Bud Dream Chorus' in HubeiChina Steps up Efforts to Boost EmploymentChina's Top Procuratorate Promotes Law's ImplementationConsumption Boom Continues on Mother's Day WeekendChina Makes Great Progress in Combating Trafficking in Women and Children: ExpertChina Focus: China Aims to Enhance BarrierThe 7 Chinese Cities That Win Hearts of Tourists for Holiday TravelChina's Annual Vocational Education Week Opens in Shandong
2.5952s , 5767.3828125 kb
Copyright © 2024 Powered by Xinjiang's RMB cross ,Cosmic Chronicle news portal