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  • April 17, 2014
  • Last updated: 7:17am
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Results 1 - 10 of 14 for currency

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  1. Lifestyle - Books - CHINA

    Book review: The Contest of the Century, by Geoff Dyer

    Posted Mar 23rd 2014, 03:52pm by Mark O'Neill

    ... controls; it is hard to take yuan in and out of the country and for foreigners to invest in China's financial markets. To make the yuan a major world currency, Beijing has to make far-reaching reforms. "China has two options. It can keep its particular model of state capitalism. Or it can have a global reserve currency. But it cannot have both," Dyers writes. China is one ...

  2. Business - Money - CHINA

    Focus on domestic matters

    Posted Sep 23rd 2012, 12:00am by John Cremer

    ... says. "We encourage them to go beyond national borders, look to other emerging markets with good growth records, and have some participation in gold as a currency hedge." ... Regarding prospects for the yuan becoming an international reserve currency, he believes the Chinese government can continue to build a compelling case. "There are still many hurdles before ...

  3. Business - Economy - CHINA

    China rating agency downgrades US sovereign credit

    Posted Oct 18th 2013, 10:06am by Agence France-Presse in Beijing

    ... lowered its ratings for US local and foreign currency credit from A to A-, maintaining a negative outlook, the agency said in a statement. “The fundamental situation that the debt growth rate ...

  4. Business - Economy - CHINA

    Stronger yuan, fear of forex losses hurting exporters

    Posted May 17th 2013, 12:00am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Currency's rise affecting business sentiment as traders are not keen to sign long-term contracts for fear of forex losses, commerce ministry says Stronger yuan hurting exporters Fast yuan appreciation has hurt exporters, the Ministry of Commerce said yesterday, adding the country's trade outlook is clouded by uncertainties ...

  5. Business - Economy - CHINA

    China to ease forex rules to boost foreign investment

    Posted Nov 21st 2012, 04:26pm by Reuters in Beijing

    ... Reuters in Beijing China’s currency regulator said on Wednesday it will ease some regulations and cut red tape to support foreign direct investment (FDI) in the country in the face ... in FDI accounts and quicken approvals for investment applications. It would also scrap the rules under which foreign investors need approval to open foreign currency accounts and to re-invest ...

  6. Lifestyle - Books - CHINA

    Book review: My Private China, by Alex Kuo

    Posted Jul 28th 2013, 12:00am by CLAIRE HUIBONHOA

    ... of the mainland. "They [the essays in the book] look at China more than just as a place, something more important than the practical information about its weather, places to stay, or currency ...

  7. Business - Banking & Finance - CHINA

    Beijing prepares rates reform to ease yuan curbs

    Posted May 23rd 2013, 11:58am by JANE CAI

    ... of 2015. They were further fuelled by an official announcement from the State Administration of Foreign Exchange, declaring it would simplify the rules for foreign-currency transactions for firms ... the currency fully convertible. ...

  8. Business - Economy - CHINA

    Shanghai free-trade zone edges closer

    Posted Jun 07th 2013, 12:00am by Daniel Ren

    ... the end of the year. It is expected that Beijing would liberalise the capital account by 2015, which would allow businesses or individuals at home and abroad to freely convert their currencies ...

  9. Business - Economy - CHINA

    'Fake invoice' curbs set to show slowing trade

    Posted Jun 07th 2013, 12:00am by BLOOM

    ... on speculative funds entering the mainland disguised as payments for trade. The currency regulator said early last month it would send out warning notices to companies whose goods and capital flows did ...

  10. Business - Banking & Finance - CHINA

    Concern raised over China credit growth

    Posted May 30th 2013, 12:00am by BLOOM

    ... institutions. Fitch cut the nation's long-term local-currency debt rating last month, in the first downgrade by one of the top three rating companies in 14 years. "There is just no way to grow ...




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