Growth of trade deals in renminbi as China eases restrictions

One year after the People’s Bank of China significantly eased restrictions to enable businesses to settle cross-border trade in renminbi (RMB), small signs of uptake are starting to emerge. Most NZ companies trading with companies in China still settle in US dollars however there are some benefits in leveraging willingness to settle in the Chinese partner’s own currency and negotiating to share the benefits…

Growth of trade deals in renminbi as China eases restrictions