China’s yuan makes waves on international currency markets

Evidence the yuan is becoming truly global can be found in Rongrong Huo’s passport, which shows the HSBC banker bouncing from Switzerland to South Africa fielding inquiries from a growing number of clients on how they can trade China’s currency. “The market potential is huge,” Huo, who heads HSBC’s yuan business development for Europe, said […]

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Debt-to-GDP ratio in China said to reach 167%

China’s debt-to-GDP ratio reportedly reached 167% last year, the figure having surged rapidly since 2008, reports the Guangzhou-based Southern Metropolis Daily. Although the country’s National Audit Office has yet to reveal its official figures, state-owned financial service company Guosen Securities said that as of the end of last year the ratio reached 167% of GDP. […]

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