About 80% of smaller companies are considering using renminbi to settle trade with Chinese partners, while 20% are already doing so, according to a Deutsche Bank survey.
The German bank wants to grow its corporate banking business volume in China by one-fifth in 2011 and is basing its growth expectations on strong economic performance in Germany and China.
Iwan Kamaruddin, Bank Negara Indonesia’s general manager of transactional banking services, highlights some key developments in the mammoth Indonesian SME market.