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Yuan trade settlements between Hainan & ASEAN up sevenfold in 2021

The ongoing transactions between Hainan and ASEAN countries made 1.64 billion yuan ($254 million), and 385 million yuan ($60 million) came from direct investment. A pilot program for foreign trade in Chinese currency was launched back in 2009, initially covering Shanghai and four other cities in China’s southern Guangdong province. …

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