State Administration of Foreign Exchange

China making efforts to more closely link its economy with that of the U.S.

By admin1 on March 2, 2017 • ( 0 )

Eyeing the twin objectives of deepening its economic cooperation with the U.S. and trying to internalize its currency, Beijing has awarded asset manager BlackRock access to its capital market. In a significant development, China has allowed BlackRock, an asset… Read More ›

The Chinese make good tourists

By admin1 on April 28, 2016 • ( 0 )

The economic cost of the Chinese splurge abroad is offset by the surplus generated by the country’s manufacturing and trading sector. China’s foreign exchange regulator has noted that the country’s trade deficit in the services sector has yawned to $21.0… Read More ›