China is a global hub for manufacturing, and is the largest manufacturing economy in the world as well as the largest exporter of goods in the world. China is also the world's fastest growing consumer market and second largest importer of goods in the world. It is a net importer of services products.
China has been criticized by Western media for unfair trade practices, including artificial currency devaluation, intellectual property theft, protectionism, and local favoritism due to one-party oligopoly by the Communist Party of China and its socialist market economy. The rate of economic growth of the Chinese economy has started slowing with fears of an impending hard landing of the economy. With the devaluation occurring just days after data showed a sharp fall in China’s exports, many believe that China's insistance that the move was motivated by market-oriented reforms is just a convenient excuse. The Chinese government claimed that its exports had fallen 8.3% in July from the previous year.
RBI Notifies Amended Forex Rules For Startups - Inc42
... forex rules. The amendments are aimed at simplifying the process for authorised dealer banks regarding opening of foreign currency bank accounts ...
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Tamil Nadu man loses Rs 60 lakh in forex trading scam, probe on - The New Indian Express
According to the police, the complainant was befriended by an unknown person, who introduced him to forex trading, via online.
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Forex Trader Gets 23 Years For $93M Investor Fraud - Law360
A federal jury concluded that Bryant Sewall, alongside business partner Michael Stewart, had defrauded investors using a foreign exchange investment ...
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Former New York cop pleads guilty to foreign exchange fund fraud conspiracy - CNBC
Rodriguez had been indicted in February after he lied to investors and lost most of the $4.8 million they put into his forex investment fund.
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Vital to improve access to forex - Trinidad and Tobago Newsday
THE EDITOR: The foreign exchange (forex) dilemma in TT presents significant challenges for the economy, particularly for small businesses and ...
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U.S. dollar up in Taipei trading - Focus Taiwan
The U.S. dollar was traded at NT$32.561 at 10 a.m. Friday on the Taipei Foreign Exchange, up NT$0.016 from the previous close.
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The US dollar at a crossroads: Will the uptrend hold near 106.50' - London Loves Business
The US Dollar Index (DXY) witnessed a strong rally, touching 106.70 yesterday and starting Thursday at 106.65, supported by robust US economic ...
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Gold, Bond Yield, US Dollar Technical Analysis: Bullish Trends Amid Geopolitical Tensions
Gold continues to rise from strong support, while the US Dollar is poised to break through resistance.
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Dollar hugs 13-month peak as market awaits next Fed cue | Reuters
The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve's interest rate path and ...
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US dollar buffered by Trump policy expectations; Bitcoin surges - The Business Times
The US dollar steadied on Thursday (Nov 21) as traders awaited clarity on US President-elect Donald Trump's proposed policies amid an uncertain ...
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