China witnessed a rise in cross-border renminbi (RMB) transactions with Cambodia and Malaysia in the first quarter (Q1) this year, according to the People’s Bank of China.Such transactions between China and Cambodia amounted to 5 billion yuan (~$693 million) during the quarter—up by 45 per cent year on year (YoY). Of that, transactions for trade in goods totalled 1.3 billion yuan—an increase of 23 per cent YoY.
Such transactions between China and Malaysia amounted to 102 billion yuan in the quarter, growing by 27 per cent YoY, a state-controlled news agency reported.
China saw a rise in cross-border RMB transactions with Cambodia and Malaysia in Q1 2025. Such transactions between China and Cambodia amounted to 5 billion yuan (~$693 million) in Q1—up by 45 per cent YoY; of that, transactions for trade in goods totalled 1.3 billion yuan—a 23-per cent YoY rise. Such transactions between China and Malaysia amounted to 102 billion yuan in Q1—up by 27 per cent YoY.
Fibre2Fashion News Desk (DS)
