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China further continues the internationalization of the yuan by setting up three pilot schemes...
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Friday, March 15, 4:43 AM ETChina further continues the internationalization of the yuan by setting up three pilot schemes that ease strict cross-border currency regulations for 13 multi-national corporations, including Caterpillar (CAT), Shell (RDS.A), Intel (INTC) and Samsung (SSNLF.PK), which estimates the scheme will save it $10M a year.
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you don't believe the USA govt manipulates it currency?
Personally, like what happened in August, I want the RMB to decline. Not like October when it shot up. But I suppose inflation has been ignited by the central govt, and should be grateful for whatever doesn't happen.