“We did offer to pay the factories in RMB. It's in our interest to make it as easy as possible for them to sell to us, so that we're the easiest route to market, but it all tended to get a little bit crazy. They have foreign bank accounts and that's where they handle all their foreign sales. So when we tried to pay in yuan they changed it into U.S. dollars, and then they transfer it from U.S. dollars back into RMB. So we couldn't see any logic or benefit.
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- Reuters 9 years ago
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