China leaves US behind as world’s top trader (Jan 2014)

Source: RT – China leaves US behind as world’s top trader

Source:

For the first time in centuries China has overtaken the US as the world’s biggest trading nation, with total trade standing at $4.16 trillion in 2013.

Yuan outperforms euro, becomes 2nd most popular trade finance currency (Dec 2013)

Source: RT – Yuan outperforms euro, becomes 2nd most popular trade finance currency

Notable excerpts:

The yuan has replaced the euro to become the second most widely used currency in global trade in 2013, according to the SWIFT network responsible for international financial transactions.

How China took control of an OPEC country’s oil (Nov 2013)

Source: Reuters – How China took control of an OPEC country’s oil

Notable excerpts:

China’s aggressive quest for foreign oil has reached a new milestone, according to records reviewed by Reuters: near monopoly control of crude exports from an OPEC nation, Ecuador.

China gets set to launch crude oil futures market (Nov 2013)

Source: South China Morning Post – China gets set to launch crude oil futures market

Notable excerpts:

China is expected to launch crude oil futures in the Shanghai free-trade zone soon and invite foreign investors to trade.

PBOC Will ‘Basically’ End Normal Yuan Intervention: Zhou (Nov 2013)

Source: Bloomberg – PBOC Will ‘Basically’ End Normal Yuan Intervention: Zhou

Notable excerpts:

China’s central bank will “basically” end normal intervention in the currency market and broaden the yuan’s daily trading limit, Governor Zhou Xiaochuan said, without giving a timeframe.