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China's use of yuan for cross-border business growing

 

China’s central bank says the country’s use of its own yuan currency for cross-border transactions has increased “notably” to 9.95 trillion yuan (US$1.63 trillion) last year. 457 more words

Business

Ex-Fitch Analyst Sounds Alarm On China: Dangers Are Increasing As Growth Deteriorates

An ex-Fitch Ratings analyst, Charlene Chu, is sounding the alarms on China as debt risks are increasing as the nation’s growth deteriorates, according to an article on Bloomberg on Monday. 185 more words

Emerging Markets

Is China the World’s New Bank?

Who thought Russia would need a bailout? Or that China would be the country to do it? Russia didn’t end 2014 well, after suffering from both economic sanctions imposed by the US and from the plummeting price of oil. 598 more words