RMB’s exchange rate more flexible. Your risk just doubled. What to do?

The China Daily runs the headline “Yuan’s trading reform gains momentum, risk prevention needed.” Expanding the yuan’s floating band is a significant step of the yuan’s trading reform, but will also increase trading risks for export-oriented firms and banks in the short run, said Lian Ping, chief economist with Bank of Communications. The exchange rate…

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What buyers need to know about Chinese New Year

The following tips for dealing with Chinese New Year come from my good friend Helmut Maertin, who is based in Shenzhen.   Like most western countries, China largely follows the Gregorian calendar that sees 1st of January to be the start of each year. However most of the traditional Chinese holidays follow the lunar calendar…

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