Chinese Yuan (CNY / RMB)
The national currency of China used to price wholesale listings on 1688, Taobao, and factory lines.
Term Definition
The Chinese Yuan (ISO code CNY, symbolized as ¥ or RMB) serves as the monetary foundation across Chinese commerce. Domestic factories price and settle all inland wholesale orders strictly in RMB. Exchange valuations apply on settlement day.
Usage Example
«Catalog quotations on 1688 are tabulated in CNY, requiring exchange rate conversion.»
What we do
We execute supplier transactions directly in CNY, bypassing hidden exchange commissions.
Related site pages
Other terms in this category
Commercial Invoice
The principal commercial billing document detailing item descriptions, quantities, unit prices, and order value.
Packing List (装箱单)
Shipping manifest detailing package counts, gross/net weights, dimensions, and contents per carton.
Shipping Marks (箱唛)
Alphanumeric identifying codes, client tags, and handling arrows stenciled onto master cartons.
Need assistance with shipping from China?
Your account manager will verify supplier terms and calculate freight by density without hidden charges.