‘Let’s use Chinese Yuan for trade’
Published On May 17, 2024 » 555 Views» By Times Reporter » Business, Stories
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. Mulenga

By ANDREW MULENGA –
THE Government says internationalising the Chinese Yuan or RenMinBi (RMB) will provide a cheaper option for Small and Medium Enterprises (SMEs) of both countries to import and export goods.
Commerce, Trade and Industry Minister Chipoka Mulenga said that China was Zambia’s biggest trading partner both at both at large and small scale level.
Mr Mulenga said this during a business forum for the internationalisation of the RMB for the support of high-quality development between China and Zambia held on the sidelines of the China-Zambia Business Forum.

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