China's cross-border receipts, payments by non-banking sectors hit record high

BEIJING -- China's cross-border receipts and payments by non-banking sectors hit a record high in 2024, an official with the State Administration of Foreign Exchange (SAFE) said on Tuesday.

The cross-border receipts and payments by non-banking sectors increased by 14.6 percent year-on-year to $14.3 trillion last year, Li Bin, deputy head of the SAFE, told a press conference held by the State Council Information Office.