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Survey: RMB popular for overseas settlement

Source:   Time:

A survey shows more and more overseas buyers are willing to use China's renminbi as their settlement currency.

The survey polled 385 foreign buyers from China's major export markets, including Europe, the U.S., the Middle-east, and Latin America. The survey finds 17 percent of interviewed purchasers are using the renminbi to trade with their Chinese suppliers, and 39 percent of them say they're willing to use the RMB for settlement. But nearly half of the interviewed buyers say the Chinese currency is not circulated or widely used in their countries.

The survey also shows, as the price of exports increases due to the appreciating RMB, buyers could start to look to other countries.

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