Observers and business figures are seeing changes in global supply chains as the US’ trade restrictions begin to have an effect – and think China needs to readjust its game plan to respond to these shifts appropriately.
India Business News: NEW DELHI: India has imposed an anti-dumping duty on some Chinese steel for a period of another five years, according to an official gazette by the Mi.
Chinese exporters are using a complicated currency swap strategy to avoid converting their dollar earnings into yuan for fear of losing out on potential gains in the U.S. currency, official data and conversations with companies show. China's state banks are counterparties to some of these swap transactions that allow exporters to exchange their dollars for yuan, suggesting the country's currency regulator is comfortable with these trades even as authorities try to curb intense pressure on the yuan in spot markets. Exporters such as Ding, a Shanghai-based businessman, are holding on tightly to their dollar earnings, reluctant to sell and convert them into yuan, which recently skidded to nine-month lows.
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