Posts tagged "economic development"

SIBERIA: GAMBLING HEAVEN FOR CHINESE

08

Jan 2016


Global Sourcing
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SIBERIA: GAMBLING HEAVEN FOR CHINESE

For the past few decades, since China opened its door to other countries, many rich people have been born and it's increasing every year. Today, if you go to European countries or other shopping-oriented places, you'll find many Chinese people inside the luxury stores who dare to stir their money around. Not only luxury goods, but they also love casino. Far East Russia   The Far East territory belongs to Russia and its size is larger than the European Union. It is only occupied by 6m...

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RMB TO BE IMF’S RESERVE CURRENCY

09

Dec 2015


Global Sourcing
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RMB TO BE IMF’S RESERVE CURRENCY

Finally, the decision for Chinese Yuan or RMB to be added to IMF's basket of elite reserve currency is finalized. Here is the detail...     Benefit, benefit, benefit... Despite many controversies, analysts say that the IMF’s decision is in large part a political one designed to encourage stronger economic overhauls in the world’s No. 2 economy. Christine Lagarde believes this milestone will be the beginning of many reforms. This move will be effective in the late of next y...

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RMB TO TRADE IN A WIDER RANGE

28

Jul 2015


Global Sourcing, International trade, Opportunities
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RMB TO TRADE IN A WIDER RANGE

We know from the news that China's capital market is in a hot mess, but what about the trading sector? The Chinese government just set up a policy to improve the exchange rate mechanism and expand the scale of the RMB trade settlements to boost its export. Check the article below to know more details (click here for other reference). China's decision to allow the renminbi to trade in a wider range against the US dollar will help boost exports and improve use of the currency globally, experts s...

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West China’s Economy to Grow 13%

31

Jul 2011


Logistics, Opportunities
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West China’s Economy to Grow 13%

China's first evaluative report on economic quality in the western region predicted that the region's economy will grow by 13 percent, higher than the nation's average.   The report was published during the Western Region Economic Development Forum held in Beijing on Sunday. As a part of an annual research report on economic development in the western regions of China, the Western Blue Book 2011 has reviewed and analyzed economic growth in western areas since the implementation of...

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