Spain-Germany-China
Today, the German Chamber of Commerce for Spain held a conference on Renminbi Hub Frankfurt, the advantages of using this currency for European companies, how it is used in commerce, and the legal aspects of the Clearing.
According to Bank of China the volume of Renminbi at the extranjero It grows continuously on an annual basis. In 2014 it amounted to 579.000 billion euross. China's most important trading partner in the European Union is Germany, with 31%, followed by the United Kingdom (12%) as well as the Netherlands (11%) and France (9%).
Currently the Renminbi It occupies fifth place in global payments with a percentage of 2,07, presenting itself as the second most traded currency.
El trade balance between Spain and China The volume of payments in Frankfurt rose to €20,6 billion in 2014, so using this currency would result in savings of €103 million. The Frankfurt financial center offers banks and corporate clients the most efficient tools for processing payment transactions.
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