BOC Cross-border RMB Index falls 21 points m-o-m in Jan.
BEIJING, Mar. 16 (Xinhua) -- The Bank of China (BOC) Cross-border Renminbi (RMB) Index (CRI) dropped 21 points month on month to 235 in January, according to the BOC on Monday.
The degree pf activity in RMB cross-border transactions lowered in the month affected by a fall in China's imports and exports as well as changes of RMB exchange rates and interest rates, said the BOC.
However, the CRI trend still needs observations given uncertainties of the current economic situation, added the bank.
Meanwhile, the RMB under the current account saw a net inflow in January. This year, weakening Chinese yuan against the US dollar was favorable for China's exports while the country's imports remained at low levels due to decreasing commodity prices on the international market. The expansion in trade surplus led to a net RMB inflow. (Edited by Liu Xiaoyun, email@example.com)