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Cross-border RMB business grows in China’s Yunnan

KUNMING, Oct. 29 (Xinhua) — The cumulative amount of cross-border renminbi settlement in southwest China’s Yunnan Province reached around 53.6 billion yuan (about 8.38 billion U.S. dollars) in the first three quarters of this year, according to a local branch of the country’s central bank.

The figure marked a year-on-year surge of 17.7 percent in the period, according to the Kunming Central Sub-branch of the Pe