(3) price or remuneration Factor in the rapid appreciation of RMB(Chinese Yuan) against USD and other main foreign currencies when you are negotiating the price and contract. The currency exchange rate should be based on the currency exchange rate chart... ...full story at Success Stories
from Success Stories on Wed, Jul 16 2008
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| 02 Oct 07 |
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Chinese yuan becomes one of the reserve currencies ... »
YouTube video Chinese yuan becomes one of the reserve currencies of Belarus.
Until recently Belarus reserves were placed in three currencies - U.S. dollars, euros and Russian rubles. The reason for yuan inclusion in the reserve currency list is a fast growth of the... |
| 23 Jul 08 |
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How to negotiate a purchase contract with Chinese supplier properly? Part 3 » Success Stories The question for dispute settlement is lawsuit or arbitration. When I just graduated from law school and joined a big import & export company, I was asked by the general manager to review their sales contract. The first thing I noticed on the contract... |
| 10 Jul 08 |
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How to negotiate a purchase contract with Chinese supplier properly? Part 1 » Success Stories I was approached frequently by buyers ripped off by Chinese suppliers. Oftentimes when I ask them to send me the purchase contract they signed with the suppliers, some of them will send me proforma invoice (PI), and some will say, no I don’t have a... |
| 02 Jan 07 |
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Report: RMB exchange rate might appreciate by 5 pct in 2007 » Xinhua The exchange rate of Renminbi, the Chinese currency, is expected to appreciate by some five percent to one U.S. dollar for 7.44 yuan, according to Xinhua Economic Analysis Report released Monday. |
| 04 Mar 08 |
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Chinese currency adjusts downward against U.S. dollar » People's Daily China's currency, the yuan, Tuesday saw a readjustment in its accelerated appreciation against the U.S. dollars last week. The central parity rate of the local currency, also known as renminbi, was 7.1175 yuan against one U.S. dolla ... |
| 13 Dec 07 |
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Chinese yuan continues to gain against U.S. dollar » People's Daily China's currency, the renminbi (RMB), hit a new high against the U.S. dollar on Thursday breaking the 7.36 mark. The central parity rate stood at 7.3568 yuan against one dollar, the Chinese Foreign Exchange Trading System said. It ... |
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