RMB is currently not freely convertible and conversion of RMB through banks in Hong Kong is subject to restrictions specified by the Bank and regulatory requirements applicable from time to time. The actual conversion arrangement will depend on the restrictions prevailing at the relevant time. Disclaim...
Report: Iraq war costs to top one trillion USD WASHINGTON, Aug. 2 (Xinhua) -- The war in Iraq could ultimately cost well over a trillion U.S. dollars, according to a new U.S. official analysis. That will at least double what has already been spent, said a report compiled by the n...
China’s President Xi: China's annual production of new energy vehicles has topped 10 million for the first time in 2024. 19:05 Dec 31 ChinaCNY China's Xi: China's 2024 GDP is expected to exceed 130 trillion Yuan. 19:04 Dec 31 ...
Mainland China's economy is nowthe second largest in the world by GDP in 2024, with the gross domestic product (GDP)projected to reach about USD 21 trillionby 2026. If you are looking to do business in China or are already engaged in business with them, you have likely encountered their...
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2023, more than 740 signatory financial institutions with assets of more than USD 136 trillion requested disclosure of data on environmental impacts, risks, and...
Approved investors can benefit from an oppor- tunity to access China's capital market, which is otherwise insulated from the rest of the world. QFII and China's capital markets China's equity market boasts a capitalisation of around $3.4 trillion or RMB21.5 trillion with more than 2000 ...
The camera and off ice-equipment maker reported net income of USD4.28 billion (488 billion yen) on sales of USD39.3 billion (4.48 trillion yen) in its fiscal year ending Dec. 31, 2007, when the exchange rate was 114 yen to USD1.00. This marked the eighth consecutive year of rising ...
China still has more than $3 trillion in foreign exchange reserves, assuming that 10% of the RMB devaluation triggering a $400 billion capital outflow. U.S.A Trade with China USD / RMB exchange rate The generalized trade weighted index includes 26 currencies, of which five are the Chinese ...
The industrialised world cannot function without steel. It is essential to everything from the buildings we live in to the ways we get around. Wood Mackenzie estimates that meeting global steel demand will require 2.2 billion tonnes of production by 2050