Yuan trade settlements between Hainan & ASEAN up sevenfold in 2021 ...News

Russia Today - News
Yuan trade settlements between Hainan & ASEAN up sevenfold in 2021
source : Russia Today ( News ) () 49
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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