US$1.4t yuan trade
Source: Xinhua |
November 2, 2013, Saturday
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Print Edition
Print Edition
China’s cross-border trade settlements in the yuan totaled 8.6 trillion yuan (US$1.4 trillion) by the end of September since the program’s launch in July 2009, a central bank official said yesterday. Cross-border yuan transactions have been conducted in 220 countries and regions and China had signed currency swap contracts with 23 countries and regions by the end of September, said Xing Yujing, secretary-general of the monetary policy committee of the People’s Bank of China.
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