date:Aug 02, 2013
n turn allow Chinese seafood exporters and importers to trade more easily given theyll be able to trade the Renminbi freely across Chinas borders.
Business advisors in Beijing see currency liberalization as a mixed bag for Chinese seafood firms preparing for an eventual full convertibility. The basic effect of a fully convertible currency will be a reduction of import costs and an increase in export costs, said Russell Brown, head of China-based accounting and advisory firm Lehman Brown.
Its m