Kunming – China’s border province(Yunnan) in the first quarter of the first quarter of cross-border payments and foreign exchange settlement growth.
The People’s Bank of China’s Kunming Central Branch said on Sunday that cross-border income and expenditure from January to March was US$6.87 billion, up 6.86% year-on-year.
Since the beginning of this year, China’s border province(Yunnan)’s exports have rebounded rapidly, resulting in a steady increase in the total volume of foreign trade.
In the first quarter of this year, the total foreign exchange settlement of Yunnan Bank reached 3.167 billion US dollars, an increase of 18.66%. This number also marks the fourth consecutive quarter of growth.
The branch predicts that foreign exchange settlement will increase further in the second quarter.
In recent years, Yunnan has bordered Vietnam, Laos and Myanmar, accelerating economic and trade cooperation with Southeast Asian countries.
