Pilot program of yuan settlement in foreign trade to expand to Hainan
The newcomers are Beijing, Tianjin, Inner Mongolia, Liaoning, Jiangsu, Zhejiang, Fujian, Shandong, Hubei, Guangxi Zhuang Autonomous Region, Hainan, Chongqing, Yunnan, Sichuan, Jilin, Heilongjiang, Tibet and Xinjiang Uygur Autonomous Region.
China introduced the pilot program in July 2009. Exporters in Shanghai, and several cities in the manufacturing base of Guangdong Province were the first batch that could settle foreign trade in yuan.
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