The move comes amid repeated warnings from Chinese officials of a severe and complicated situation for foreign trade as export orders plunge

Chinese delegations of city and business officials are crossing the border more frequently than ever, in trips ranging from Hong Kong to Paris, to "grab investment"

One of the government officials directly involved in the matter said New Delhi is "not comfortable" with foreign trade settled in yuan but said settlement in "dirham is okay"

Last July, the RBI introduced a new mechanism to settle international trade in rupees, aiming to promote exports and facilitate imports

Vietnam has recently been repeatedly mentioned in US trade meetings among countries at highest risk of falling foul of US trade restrictions, a source said

The United States imported $538.8 billion worth of goods from China last year and sent exports worth $153.8 billion to the country

Leading the sluggish trade performance in January were a 44.5% dive in semiconductor exports and a whopping 31% plunge in sales to China

A leading indicator of the demand for technology globally, the island's export orders are also likely to see a significant decline in December

Beijing and the EU hold economic, trade talks amid tension over issues including the war in Ukraine, Xinjiang and an as yet unratified investment deal

Chinese freight trains to Russia made up 60% of the total traffic headed to Europe in the first half of this year, compared to 45% in 2021

The controversial trade shows how Russia could continue to sell commodities abroad without settling in US dollars despite sanctions imposed over its invasion of Ukraine

At one stage, a series of demands from New Delhi, which sees itself as the champion of poor farmers and fishermen, appeared set to paralyse talks