The People’s Bank of China encourages new energy vehicle enterprises to use RMB
settlement in cross – border trade to reduce exchange rate risks (such as in cooperation with
regions like the Middle East and Latin America).
Verification of official policy release channels:
- Official website of the Ministry of Finance (http://www.mof.gov.cn)
- Ministry of Commerce (http://www.mofcom.gov.cn)
- Ministry of Industry and Information Technology (https://www.miit.gov.cn)
