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Apr 2, 12 •
8712 Views •
Market Commentaries •
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Comments Off on A New Chinese Currency Initiative
In 2009, the People’s Bank of China used Shanghai to kick off a trial program to permit Chinese companies to settle cross-border trade in yuan—which has now expanded to include the rest of the country. Once again a new trial program will be launched...
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Dec 28, 11 •
4295 Views •
Market Commentaries •
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Comments Off on The USA Has No Option But To Play 'Soft-Ball' With China Over The Yuan
The “currency war” appears to be experiencing a truce for now, the USA admin. is using a far more conciliatory tone and employing improved diplomatic language when describing the value of the Yuan and the supposed harm it’s inflicting on the...