China Trade

2 guides · KeyBS Pay Knowledge Center

Paying Chinese suppliers — CNY vs USD, local payment methods and how money actually reaches a factory in Guangzhou.

Quick answer

Chinese suppliers can be paid in USD (via wire) or CNY (via China’s domestic rails). Paying in CNY often gets a better price because the supplier avoids their own conversion cost and FX risk. The receiving side matters too: payments to verified corporate accounts clear faster than payments routed through personal or third-party accounts.

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