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11/9 19:00
China plans to boost yuan use in shipping risk-pricing, red…
China has unveiled a road map to strengthen its maritime insurance industry and expand the use of the yuan in shipping-related transactions, as Beijing seeks to reduce its reliance on Western-dominated insurance networks amid growing geopolitical tensions. The guidelines, jointly issued by seven government agencies on Friday, aim to strengthen domestic underwriting and risk-pricing capabilities while expanding insurance protection for China’s key imports and exports. The push comes as Western...
南華早報11/9 07:00
Editorial | European pressure won’t make the yuan appreciat…
Beijing has been letting the yuan appreciate gradually. Europeans expect a faster pace. The dispute, then, is not about direction but speed. Europe should learn patience and work with China. Top European Union officials are planning coordinated trips to Beijing to press for a stronger yuan to shrink a surging trade gap. Maarten Verwey, the European Commission’s director general for economic and financial affairs, will lead a delegation in the week of November 23. A year-end joint mission could...
#Yuan#China-EU relations#European Union#China trade#China exports#China
