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Can I ask if China (such as a state-owned company) has a project with another developing country such as Vietnam, in which currency would China receive the profits? USD, RMB, or VND…?
I guess USD would be considered first… any idea?
I know the commonsense, however.. if Chinese party want to get expected profit may not bind upon by this as RMB goes higher while USD during depreciation at this age…we’ve already signed a oversea project contract in 2009 pricing in USD, till now get big loss overtime which is much lower profit return than the expectation of the signed contract……
look forward to share more sicence behind it…
thx ur reply
I know the commonsense, however.. if Chinese party want to get expected profit may not bind upon by this as RMB goes higher while USD during depreciation at this age…we’ve already signed a oversea project contract in 2009 pricing in USD, till now get big loss overtime which is much lower profit return than the expectation of the signed contract……
look forward to share more sicence behind it…
thx ur reply
I don’t know. I guess it’s possible although currently most international transactions are in dollars. Chinese Yuan Global Challenge to the Dollar
I don’t know. I guess it’s possible although currently most international transactions are in dollars. Chinese Yuan Global Challenge to the Dollar
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