(ECNS) -- The cross-border settlement of Chinese yuan, or RMB, of enterprises in Xinjiang Uyghur Autonomous Region registered a new high to 52.8 billion yuan (about $7.23 billion) in 2023, a year-on-year growth of 13.3 percent, said Xu Ke, vice governor at Xinjiang branch of People's Bank of China during a press conference on Monday.
A total of 1,102 enterprises in Xinjiang handled the cross-border RMB receipts and payment business in 2023, an increase of 312 compared to 2022, according to the data.
Actual cross-border RMB settlements of bulk commodity trade and petty trade increased by 20 percent and 51 percent respectively in Xinjiang in 2023. Cross-border RMB settlement with 10 adjacent countries was up 55 percent year-on-year. RMB usage in cross-border trade with Russia and Mongolia accounts for more than 90 percent, becoming the preferred payment currency.
Pilot enterprises' cross-border RMB settlement stood at 15.7 billion yuan in 2023, accounting for 30 percent of the total in Xinjiang.
Turkey formally opens another former Byzantine
It's six today for birthday boy Louis, the prince of royal mischief
Leonardo DiCaprio's girlfriend Vittoria Ceretti showcases her jaw
Amanda Holden, 53, sends pulses racing in a skimpy black bikini during lavish yacht trip in sun
Supreme Court to decide on Trump federal prosecution immunity
Richmond Mayor Stoney drops Virginia governor bid, he will run for lieutenant governor instead
Beyoncé wows her fans while offering a rare glimpse at her stunning natural hair
US and Philippine forces stage combat drills near strategic channel off southern Taiwan
Meg Bennett dead at 75 following cancer battle: Emmy