Generally acknowledged as the world’s most important emerging economy and already the largest commodity importer on the planet, China has taken up a strong role as a leader in world affairs. As the home of some of the world’s largest banks and other financial institutions it is already the world’s second largest economy.
Investor efforts to arbitrage a gap between offshore and onshore yuan rates has in part led to a capital flight in China, with the foreign exchange hoard having rapidly reduced by $500 billion to just over $3 trillion. There has however been diversification in trade as export shipments have been higher to Hong Kong, rising 8-11% year on year. The United States is a main partner for China and accounts for 3.4 trillion yuan in annual trade.
|Official Name (Local Language)||The People's Republic of China||Capital||Beijing||Population||1,373,541,278||Currency||Chinese Yuan Renminbi||GDP||$10,730 billion||Languages||Chinese (Mandarin)||Telephone Dial In||86|
Other Asia, nes
Monolithic integrated circuits, digital
Petroleum oils and oils obtained from bituminou
Non-agglomerated iron ores and concentrates
Gold in unwrought forms non-monetary
Parts of electrical apparatus for line telephon
Rice, wheat, potatoes, corn, tobacco, peanuts, tea, apples, cotton, pork, mutton, eggs; fish, shrimp
Mining and ore processing, iron, steel, aluminum, and other metals, coal; machine building; armaments; textiles and apparel; petroleum; cement; chemicals; fertilizers; consumer products (including footwear, toys, and electronics); food processing; transpo
Trade finance is a revolving facility which alternative lenders offer – it enables companies to buy inventory and can help reduce the pressure from cash flow issues.
Generally, a trade financier will fund most of the cost of the product, including charges (e.g. insurance costs).
Trade finance offers upsides over more traditional bank finance for example invoice finance or business loans. Trade finance provides up front funding without affecting existing bank relationships.
How does it work?
If you’re an SME importing or exporting inventory around the world, then a trade finance facility would help you to fund this through offering a letter of credit or some form of cash advance.
I’m looking to export to China, how can Trade Finance Global help, and how does it work?
If you’re looking to export stock to other countries, you may require export finance, which is an agreement between yourself (the exporter), and the foreign importer. A trade finance bank would advance you the cost of producing the stock supplies that you are exporting (as a debt product), either once you have sent the goods, or before you have manufactured them. Once your foreign importer has received the products and pays you for the import, you will repay the advance loan from the export bank over an agreed period of time.
Exporting to China? Contact our local experts
China Economic Statistics
People's Bank of China
Chinese Yuan Renminbi
Upper Middle Income
Currency in China
Natasha Roston is Head of People and Growth at Trade Finance Global (TFG).
She builds partnerships to create innovative trade finance education projects and experiences. A key advocate for TFG’s annual Women In Trade campaigns, Natasha wrote a piece on the impact of gender stereotypes for gender equality in the workplace in 2022. Natasha is also responsible for TFG careers, culture, and team growth. A Level 2 Qualified Coach and Mental Health First Aid Champion, she leads internal training, supporting the holistic wellbeing of the team.
Before joining TFG Natasha worked in education for over a decade. Initially as a classroom teacher, and then in academic and pastoral leadership roles. Following this, she worked in EdTech as a Learning Design Coach for Aula’s Higher Education platform.
Natasha holds an MA from Tel Aviv University, a History PGCE from The Institute of Education and a BA from the University of Nottingham. Currently, she is studying for her Level 3 Certificate in International Trade from the Institute of Export & International Trade. In addition to her work at TFG, Natasha volunteers for the Young Women’s Trust as a Work It Out – CV Volunteer.