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Cross-border RMB business continues to grow in China’s Yunnan

KUNMING, Feb. 1 (Xinhua) — The cumulative amount of cross-border renminbi settlements in southwest China’s Yunnan Province reached approximately 69.6 billion yuan (about 10.9 billion U.S. dollars) in 2021, according to a local branch of the country’s central bank.

The figure marked a year-on-year surge of 5.1 percent, according to the Kunming Central Sub-branch of the People’s Bank of China in Kunming, the prov