Pakistan Examines Chinese Proposal to Replace Dollar with Yuan

Officials in Pakistan say a Chinese proposal to replace the U.S. dollar with yuan for bilateral trade is under consideration. Beijing has already committed to investing around $60 billion in the country by 2030 under a long-term plan of development cooperation with Islamabad, known as the China Pakistan Economic Corridor, or CPEC. Bilateral trade between the… Please follow and like us:

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China’s goods trade ‘sound and steady’ on rising demand

BEIJING — China’s goods trade has had a “sound and steady” performance in the first three quarters of this year, mainly due to rising international demand and a strong Chinese economy. China’s goods trade volume rose 16.6 percent to 20.29 trillion yuan ($3.08 trillion) in the first three quarters of this year, the General Administration of… Please follow and like us:

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High-Grade Corporate Bond Market “Could Get Ugly” If Interest Rates Rise Fast

When liquidity is most needed in the high-grade corporate bond market, it “could get ugly,” Bank of America Merrill Lynch predicts. While total volume has increased meaningfully since 2006, don’t let that fool you. The markets are not liquid, the analysts say, pointing to the Volcker Rule and central bank quantitative easing that has put investors… Please follow and like us:

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Belt and Road initiative injects vitality into Egypt-China ties

CAIRO – The future of economic relations between Egypt and China under the Belt and Road (B&R) initiative is promising and we urge further Chinese investments in Egypt to fasten the pace of Egyptian-Chinese economic integration, said the Egyptian trade and industry minister in an exclusive interview with Xinhua. Egyptian Trade and Industry Minister Tarek Kabil… Please follow and like us:

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