The largest trading nation in the world looks forward to reduce transaction cost in international trade, which is, for the most part, settled in US dollars at the moment. 199 more words
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SUNVIC Chemical Holdings on Tuesday reported a narrowing of its fiscal first-quarter losses.
The manufacturer of intermediate chemical products, such as acrylic acid and acrylate esters, said its net loss attributable to shareholders for the quarter ended March 31, 2017, decreased to 3.7 million yuan (S$750,500) from a net loss of 60.9 million yuan the year before. 37 more words
Written by Miriam L. Campanella.
China’s economic strength often is referred to $3 trillion in foreign currency reserves. Piled up since the 90s with the start of the new economic policy, the composition of this wealth is made up by 70 percent (or $2.3 trillion) in U.S. 1,156 more words
The Chinese government has recently been facing a trilemma of the tanking yuan, increased capital flight, and shrinking foreign exchange reserves. Rubbing salt into the wound is US president Donald Trump who… 317 more words