A further slowing in growth
If you’ve been thinking about improving the efficiency of your importing or exporting business with Australia’s largest trading partner, there’s now a more efficient way to settle trade transactions in China. Hear the latest insights from NAB’s team of experts.
Hear NAB’s team of experts share an outlook for China’s economy as well as insights into trading in the Chinese currency including a background, definitions and benefits:
An evolving policy on currency exchange is changing the landscape for businesses. The Chinese Government are now allowing their local currency, the Renminbi (RMB), to be used for settling most cross-border trade transactions.
This policy makes settling trades more efficient – you can exchange Australian dollars directly into RMB when you transact with Chinese businesses, bypassing the need for $US foreign exchange transactions.
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