RMB records rapid growth in cross-border settlement

24.05.2023

Cross-border settlement of the Chinese currency renminbi, or the yuan, registered rapid growth during the first quarter of this year, continuing to expand its globalization process, CCTV reported.

In Northeast China's Heilongjiang province, Mudanjiang city saw cross-border RMB settlement increase 240 percent year-on-year in the first quarter; while in Central China's...