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RMB cross-border trade settlement hits 577.9 bln yuan in April

Abstract : Renminbi-denominated cross-border trade settlement hit 577.9 billion yuan (about 89.6 billion U.S. dollars) in April, central bank data showed.

BEIJING, May 15 (Xinhua) — Renminbi-denominated cross-border trade settlement hit 577.9 billion yuan (about 89.6 billion U.S. dollars) in April, central bank data showed.

Of the total, 434.5 billion yuan came from cross-border trade in goods, and 143.4 billion yuan came from cross-border trade in services and other current account items, said the People’s Bank of China.

In April, RMB settlement of direct investment stood at 422.5 billion yuan with 115.9 billion yuan from outbound direct investment and 306.6 billion yuan from inbound foreign direct investment.

In 2020, RMB settlement for cross-border trade reached 6.77 trillion yuan, up from 6.04 trillion yuan in 2019, and RMB settlement for direct investment reached 3.81 trillion yuan, up from 2.78 trillion yuan in 2019. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: RMB cross-border trade settlement hits 577.9 bln yuan in April

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