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

chinese_economy

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.

Continue reading

Advertisements

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

Renmimbi-Yuan

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.

Continue reading

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

oil-field

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.

Continue reading

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

Renmimbi-Yuan

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.

Continue reading