Nearly one-quarter of all German enterprises now use renminbi in their business dealings with China.3 For German enterprises, paying in renminbi is certainly an attractive option. Chinese business partners often provide considerable price advantages to those paying in renminbi.
According to a survey by Deutsche Bank, it is possible to negotiate average price reductions of just under 5%.4 Many Chinese enterprises prefer to invoice in renminbi in any case, as it is difficult for them to exchange foreign currencies for renminbi.