China reports Q1 surge in cross-border RMB transactions with Malaysia, Cambodia ...Middle East

During the period, the cross-border RMB transactions between China and Cambodia amounted to 5 billion yuan (about US$693 million), up 45 per cent year on year.

In the first quarter of this year, cross-border RMB transactions between China and Malaysia amounted to 102 billion yuan, growing 27 per cent from a year earlier.

China will continue improving its policies to provide a more convenient and friendly environment for business entities in China, Cambodia, and Malaysia to use RMB for cross-border trade and investment settlement, according to the central bank.

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