|
|
China has issued detailed measures to regulate the pilot program for cross-border trade settled in yuan, according to a document released Thursday by the central bank. (File Photo) Photo Gallery>>> BEIJING, July 2 -- The government's decision to promote greater use of the yuan to settle cross-border trade is a key but prudent step on the road to making the Chinese currency fully convertible. After People's Bank of China (PBOC) issued detailed measures yesterday to regulate a pilot program for cross-border trade settlement, companies in Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan can use the yuan to settle deals with Hong Kong, Macao and regional trade partners. The move is also important because it will reduce foreign-exchange risks and transaction costs considerably for Chinese exporters, smarting from the impact of... [read full story]
Resource-rich Queensland and WA must take advantage of increasing demand from China, India and Brazil, while bracing for a downturn in infrastructure spending next year, says a leading business chief.
Nov 23, 2009 (Hugin via COMTEX) -- Imtech CEO Rene van de Bruggen: 'Imtech has a substantial installed base of high-quality automation systems on board naval vessels of numerous countries. Dutch navy The Defence Materiel...
Expects to sell 90,000 own-brand vehicles in 2009 *Aims to double that figure next year *Will start making MG 6 end of 2010 (Adds details, background) By Fang Yan and Alison Leung GUANGZHOU, Nov 23 (Reuters) - SAIC Motor Corp ,...
MEED, the Middle East's premier business intelligence provider, announced it has lined up over 50 leading industry experts for the third Arabian World Construction Summit, or AWCS, the single largest gathering for industry...
