The People's Bank of China, the country's Central Bank, yesterday (June 22) announced on its official website that the pilot program of yuan settlement in foreign trade has been extended to 20 province-level regions. Originally experimented in parts of Guangdong and in Shanghai, this practice shall now cover most of China including the whole of Guangdong and our neighbors such as Hainan, Chongqing, Sichuan, Yunnan, Fujian, and Guangxi Zhang autonomous region They can now conduct all cross-border trade in RMB.
