China, Germany plan to settle more trade in yuan, euros

Aug 30 (Reuters) - Germany and China plan to conduct an increasing amount of their trade in euros and yuan, the two nations said in a joint statement after talks between Chancellor Angela Merkel and Chinese Premier Wen Jiabao in Beijing on Thursday. Remember, Germany's the economic engine of Europe, and China is the economic [...]

By |2012-09-06T15:47:31-04:00September 6th, 2012|Economy, Featured Categories, Uncategorized|0 Comments

Goodnight, Irene

Bloomberg (props yet again to Zerohedge); China makes a major move clearing the way for dropping the use of USD in international trade: Japan and China will promote direct trading of the yen and yuan without using dollars and will encourage the development of a market for companies involved in the exchanges, the Japanese government [...]

By |2011-12-27T13:28:26-05:00December 26th, 2011|Economy|0 Comments

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