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Why companies should pay their Chinese suppliers in RMB (instead of USD)

21 December 2021

Why companies should pay their Chinese suppliers in RMB 

(instead of USD)

The development of the offshore RMB (CNH) and the subsequent roll-out of USDCNH Futures contracts have been a game changer for non-Chinese companies doing business with suppliers based in mainland China. As a result, an increasing number of companies have already switched their payment currency from USD to RMB.

USD vs RMB payments

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