Sino-Russian bilateral trade is conducted in local currencies and the prospects and opportunities for China's rippa excavator
Up to 92% of bilateral trade between China and Russia is conducted in local currencies. This trend has had a positive impact on the prospects and opportunities for Chinese rippa excavators in the Russian market. Firstly, using local currency for trade settlements helps to reduce currency risk. Since exchange rate fluctuations can lead to economic losses for enterprises, using local currency settlements can [...].
Ruble and yuan open opportunities for Chinese excavator manufacturer rippa
As trade relations between China and Russia have become increasingly close, both sides have begun to explore more convenient and secure payment methods. Recently, China and Russia announced that they will use rubles and yuan as payment in trade settlements. This change has had a profound impact on Russian construction equipment exports and opened up unprecedented opportunities for Chinese manufacturers [...].
A new chapter in local currency settlements between China and Russia: new opportunities for rippa excavator manufacturers
As economic cooperation between China and Russia continues to deepen, trade settlement methods between the two sides are also gradually changing. Recently, China and Russia announced that they will use their own currencies (rubles and yuan) for most trade settlements. This decision will not only bring new life to the economies of the two countries, but also bring unprecedented benefits to Chinese rippa excavator manufacturers. [...]