Renminbi settlement extended to overseas projects

June, the actual use of foreign capital decline narrow Morning Post news yesterday, the Ministry of Commerce spokesman Yao Jian at a regular news conference said that this June, China's actual use of foreign capital of 8.96 billion U.S. dollars, down 6.8% year-on-year, the decline is narrower than the previous month; Decreased by 17.9%.　　Due to the high base last year, foreign trade in the three quarter will continue to decline, but the four quarter will improve. Yao also revealed that the foreign trade in the renminbi settlement is still in the pilot phase, the Ministry of Commerce is studying supporting policies, such as in neighboring countries, especially in Asia, there are many major economic cooperation projects, such as roads, power stations, airports, these projects, the scale of the contracted projects, machinery and equipment is very large At the same time we have RMB exchange agreement with some neighboring countries. In the case of conditions, we will further and the People's Bank and the relevant departments actively cooperate to promote the renminbi trade settlement. I believe that the current renminbi trade settlement further extended to the settlement of trade-related projects, will effectively promote China's external economic development. ”