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China further continues the internationalization of the yuan by setting up three pilot schemes...

  • Friday, March 15, 4:43 AM ET
    China 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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This news story has 5 comments:

  • I think you should let China dig its own gold mines up
    15 Mar, 08:41 AM Reply Like
  • this is what the Cn govt is trying to do to spread its influence abroad.
    15 Mar, 08:54 AM Reply Like
  • If China ever stopped manipulating their currency the Chinese economy would quickly recede and probably not recover. They can try all the schemes they want.
    15 Mar, 10:08 AM Reply Like
  • Jack,

    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.
    15 Mar, 10:31 AM Reply Like
  • I believe the USA doesn't have a currency now.However they do still print one and give it to the banks..
    17 Mar, 11:51 AM Reply Like
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