Tag: Renminbi

Selling in Chinese Yuan

Bankers say US exporters can increase their profits by accepting renminbi for payments instead of dollars By Trevor Williams Companies exporting their goods to China can manage foreign exchange risk and save money by offering buyers the option to pay...

/ July 3, 2013

Inside the Beltway: High Frustrations, Low Rhetoric, and a Bad Bill

by John FrisbieA columnist at the Washington Post in late September called the US-China Business Council (USCBC), an organization of roughly 220 US companies that employ more than 7 million Americans, “un-American” for opposing, in USCBC’s opinion, counterproductive tariff legislation...

/ November 1, 2010

China Expands International Use of the Renminbi

by Nina PalmerThe PRC government has expanded the use of the renminbi (RMB) for cross-border trade settlement, presenting new opportunities for financing trade in China and cost savings for those who buy from or sell to participating Chinese enterprises. The...

/ November 1, 2010