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ArtikelYuan for the Money; China's Currency  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 406 no. 8822 (Feb. 2013), page 13-14.
Topik: International Trade; Retailing Industry; Currencies; Financial Services
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  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.75
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Isi artikelTesco, a supermarket chain, has changed the way people shop in Britain and a dozen other countries. It is also planning a change in its own shopping habits. Like many multinationals, it buys a lot of stuff from China, and, like most foreign firms, it pays its Chinese suppliers in hard currency. But now it wants to pay them in China's own coin, the yuan. Tesco is part of a trend. In the last three months of 2012 the amount of trade settled in China's currency reached almost 900 billion yuan ($145 billion), or 14% of China's trade, up from almost nothing three years earlier. China accounts for about 15% of the world's money supply. But until mid-2009 almost all of that money was sealed within its borders. Since then, China's hermit currency has become notably more cosmopolitan . The government has allowed Chinese importers and exporters to settle their trades in yuan, and Chinese firms to make foreign direct investments with the currency.
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