Imagine booking a service with a seamless RMB transfer that arrives in seconds, or an e-commerce order cleared in minutes with digital currency. Thanks to booming cross-border flows, this could soon be reality.
In H1, the Chinese mainland's non-banking cross-border revenue and expenditure soared to $7.6 trillion, a 10.4% gain from last year. This record underscores the resilience of global trade in uncertain times.
Li Bin, deputy director of the State Administration of Foreign Exchange, highlighted that the renminbi now represents 53% of these flows, evidence of rising trust in digital-friendly payment rails.
Net inflow hit $127.3 billion from January to June, with Q2 growth up 46% quarter on quarter. Such momentum shows expanding foreign interest, especially in tech, green energy, and emerging-market opportunities.
By June's end, the Chinese mainland's foreign exchange reserves reached $331.74 billion, an $11.51 billion uptick since December 2024, giving policymakers a buffer to manage currency swings.
For young entrepreneurs, investors, and digital nomads, these figures signal a shifting landscape. Expect more RMB-based cross-border e-commerce, fintech pilots, and sustainability-focused partnerships as the Chinese mainland deepens its global integration.
Stay tuned: policy tweaks and digital currency trials could further redefine international payments, opening doors for innovative startups and agile travelers worldwide.
Reference(s):
cgtn.com
