Int’l clients wary of RMB settlement   

广交会中国企业看好人民币结算 欧美客商接受度不高

“我们很看好人民币结算业务，因为这可以帮助我们规避汇率风险，今年甚至有一位欧洲客商主动要求和我们进行人民币结算”。广东盈浩工艺制品有限公司许经理称，不过目前人民币结算业务在该公司的出口业务中比重依然很小。

Guangzhou (CNS) -- We look forward to RMB settlement because it will help us avoid exchange rate risks, a foreign trade manager based in Guangdong Province said at the Autumn Canton Fair on Saturday.

His words echo the desire of many Chinese businessmen who do international business, but the reality is that RMB settlement is mostly ignored by American and European clients.

We once tried to persuade our overseas clients to pay bills via RMB, but they were bothered by the complicated, time-consuming procedures and eventually chose U.S. dollars instead, said the head of a clothing company based in Foshan.

There are not enough overseas money agencies to exchange RMB, said Fan Ye, who is in charge of a Guangzhou cosmetics company. International buyers have their own pricing systems, which are usually set in U.S. dollars, so they are unwilling to settle in another currency, she added.

RMB settlement is an immature and unfamiliar business, so we are maintaining a prudent attitude about it, said Su Jinshui, a buyer from the U.S. who has attended a dozen Canton Fairs.