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Hungarian PM welcomes China's new RMB clearing center in Budapest

New China TV, Oct 3, 2015

Bank of China officially launched its Renminbi (RMB) clearing center in Budapest on Friday.

Addressing the gathering, Hungarian Prime Minister Viktor Orban underlined his country’s potential to become the growth center of Central Europe. 42 more words


BIZ.HK 2015 Sept EDITORIAL: Contextualizing the Devalued Yuan

Last month’s devaluation of the yuan by the People’s Bank of China has left a ripple effect across the globe, with markets convulsing in reaction to the currency’s weakening. 508 more words


How RMB EV got started

Meet Jeff. Jeff Schneider to be specific. Jeff loves scooters; he’s passionate about scooters; he’s got tons of experience working on electric scooters; and he is here to help with your RMB electric scooter. 141 more words


Ini Edo shares lovely photos with RMD

The thrilled actress shared photos of herself and colleague RMD in warm embrace after the legendary Nollywood actor paid her a visit. She captioned one of the photos “So my day one crush popped in. #iamstillcrushing#”


Jim Willie: Coming Oil Bust Bigger Than Sub Prime Collapse

Jim Willie says we are in the 9th inning of the current financial system and global economy before the next global economic system is put into place. 407 more words

The International Reporter

My RMB, your problems

As a consequence of its mammoth fiscal stimulus in 2009, following the global financial crisis, China’s local governments have levered up their balance sheets, boosting their debt loads from 20% of GDP in 2007 to 40% in 2015. 404 more words

Central Bank

An Autumn Reassessment – Will the fallout from China favour equities, bonds or the US Dollar?

Macro Letter – No 40 – 28-08-2015

An Autumn Reassessment – Will the fallout from China favour equities, bonds or the US Dollar?