[People's Bank of China: Cross-border RMB settlement under current account reached 1.9 trillion yuan in October] Data from the People's Bank of China shows that in October, cross-border RMB settlement under current account reached 1.9 trillion yuan, of which goods trade, services trade and other current account items amounted to 1.43 trillion yuan and 0.47 trillion yuan respectively; cross-border RMB settlement for direct investment amounted to 0.56 trillion yuan, of which outward direct investment and foreign direct investment amounted to 0.21 trillion yuan and 0.35 trillion yuan respectively.
