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Yuan trade settlements between Hainan & ASEAN up sevenfold in 2021 ...News
Settlements made in Chinese currency in trade between Hainan province and the Association of Southeast Asian Nations (ASEAN) countries soared sevenfold in the first half of 2021 under a pilot program for foreign trade in yuan. The ongoing transactions between Hainan and ASEAN countries made 1.64 billion yuan ($254 million), and 385 million yuan ($60 million) came from direct investment. Also on rt.com China eases regulations on Hainan to let foreign firms work under same rules as Chinese companies A pilot program for foreign trade in Chinese currency was
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