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BEIJING - China's central bank will push forward yuan settlement in cross-border trade and investment in the western Xinjiang Uygur autonomous region, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), said Tuesday.
He said the PBOC would also support the development of small and medium-sized enterprises in Xinjiang.
Chinese exporters and importers in five cities -- Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan -- are already allowed to settle cross-border trade deals in yuan.
A PBOC report said last month that the country needs to expand yuan cross-border settlement when conditions allow.
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