RMB cash transfer in China-Laos economic cooperation zone exceeds 100 mln yuan

KUNMING, June 2 (Xinhua) — Cross-border renminbi (RMB) cash transfer has exceed 100 million yuan (14.5 million U.S. dollars) in the Mohan-Boten Economic Cooperation Zone between China and Laos, through a specially built road tunnel.

The RMB cash transfer in the region has supported Chinese companies to launch infrastructure construction in Laos, such as railways, highways and a hydropower station, according to Fudian Bank.

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RMB cash transfer in China-Laos economic cooperation zone exceeds 100 mln yuan

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