China’s cross-border yuan settlement rises 6%

A nighttime view of downtown Shanghai in China

China's cross-border settlement in renminbi rose by 6% in the first four months of 2011, a senior central bank official said on Thursday.

At the Lujiazui Forum in Shanghai, Li Bo, the director of the monetary policy bureau at the People's Bank of China (PBoC), was reported by government news source, Xinhua, as saying renminbi settlement in cross-border trade had increased to 530 billion yuan ($81.6 billion), from 500 billion yuan last year.

Li also said cross-border renminbi settlement between

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