The Chinese yuan has been ranked as the fourth largest payment currency in the world for four consecutive months
Recently, Zhu Hexin, Vice President of the People's Bank of China and Director of the State Administration of Foreign Exchange, stated at the meeting that in the first quarter, nearly 30% of all cross-border settlements for goods trade in China were settled in RMB, and the RMB has become the fourth payment currency in the world for four consecutive months.
