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“Strathclyde Associates” Taking A Look - China’s Economy Part Two
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Publicado por
Strathclyde Associates
“Strathclyde Associates” Taking A Look - China’s Economy Part Two
“Strathclyde Associates” Taking A Look - China’s Economy: China ran its first monthly trade
deficit in six years in March.
With imports of commodities surging...
[Mais]
“Strathclyde Associates” Taking A Look - China’s Economy Part Two
“Strathclyde Associates” Taking A Look - China’s Economy: China ran its first monthly trade
deficit in six years in March.
With imports of commodities surging in February, China swung to a trade deficit of $7.
24 billion
in March from a surplus of $7.
61 billion in February.
The cumulative trade surplus for the first
quarter of 2010 was down 77% from a year earlier, to $14.
49 billion.
In a parallel move, which will have a far reaching impact on the yuan is that China is
encouraging exporters to invoice in the renminbi and is setting up systems to allow trade
payments in renminbi.
“Strathclyde Associates” Taking A Look - China’s Economy:New trade corridors may soon
require new means of payment.
When the Chinese and Brazilian Presidents met last year they
agreed to use their own currencies to settle more of their bilateral trade, rather than invoicing in
dollars.
Hong Kong is the main beneficiary of this policy as t
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