Interviews
Textile trade surplus may be a fraud
31 Jan '07
4 min read
So it has become one of the ways to speculate on RMB exchange rate. Wang's survey also shows that once RMB is appreciated, there will be a lot US dollars converted into yuan and inflow into Chinese banks under the name of foreign trade payments.
For export enterprises and foreign funds, this is benefited to both sides.
Xie Fuzhan, director of the State Statistics Bureau, said, “The big trade gap between China and the US has been generated from both economic reasons and inconsistent statistics between the two countries, it is necessary for the two sides to work together in various aspects to address the problem.”
For export enterprises and foreign funds, this is benefited to both sides.
Xie Fuzhan, director of the State Statistics Bureau, said, “The big trade gap between China and the US has been generated from both economic reasons and inconsistent statistics between the two countries, it is necessary for the two sides to work together in various aspects to address the problem.”
Fibre2fashion, News Desk - China
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