Thursday, May 15, 2014

YUAN vs DOLLAR (Choose your target markets)

If you want to export from USA to China or from China to USA, for example,

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YUAN vs DOLLAR 

1 - There are more alternatives to dollar as a better-balanced international monetary system,  euro, yuan, yen and the Indian rupee.

2 - Yuan overtook the Euro in October 2013 according to SWIFT.

3 - Taiwan signed yuan clearing agreement with China.

4- Singapore surpasses London as top offshore yuan clearing center

5- the UK wants City of London become one of the leading centres for yuan trading.



6- China’s goal is to decrease transactions costs for Chinese importers and exporters with  geopolitical pressures.

7 -  It will be impossible for China, in short time, replace the dollar. We’ll see in the next few decades. Mainly as China accumulates  $3.2 trillion in official reserves for maintaining the yuan's semi-fixed peg to the dollar.

8 - China has taken a series of steps to liberalise controls of its government on capital movements, but still doesn’t allow the free flow of capital it and out its borders.


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Or any city around the World.

You can choose your target markets for free.



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