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looking beyond borders

foreign policy and global economy

Tag: Chinese New Year

Written by lookingbeyondbordersFebruary 14, 2013

China’s Offshore Currency Enjoys A Promising End To A Difficult Year

ON FEBRUARY 6th, a few days before the Chinese new year, banks in Taiwan offered something new to their customers: deposit accounts in China’s currency, the yuan. The banks were full of seasonal generosity, offering much better terms than depositors normally enjoy. At Bank SinoPac, customers without two yuan to rub together can open an […]

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