China- Let's Talk Business
Session 9: How to mitigate currency and payment risks when trading with China
With China's rapid rise, its currency has also embarked on its internationalization process, acquiring more relevance in the China-West cross-border trade. The increasing volatility of Yuan in the recent years and the steady appreciation versus the greenback in the last twelve months has significantly impacted companies trading with China. In this session, we will be looking at the evolution of the Yuan, how it has impacted the prices and practical tips on how to tackle the currency risk when trading with China. We will also demystify the issue around getting money out of China and provide practical tips on how to minimise the delay of getting paid.
Isabel Ye, Director China Initiatives, Ebury
Ting Zhang, Founder & CEO, Crayfish.io