Making Payment to China: Paying Chinese Suppliers in RMB
In today’s trading landscape with China, choosing the right currency to pay suppliers—whether it’s RMB, USD, or GBP—can significantly impact your bottom line. Recent fluctuations in the USD/CNH exchange rate have brought this decision into sharper focus. When purchasing goods from Chinese suppliers, transactions typically involve USD, GBP, or the Chinese yuan (RMB/CNY/CNH). However, with …