China’s foreign exchange regulator has asked for cooperation from multinationals, including Sony, BMW, Daimler, Shell, Pfizer, IBM and Visa, to manage and control the flow of capital out the country.Bearish.
The request was made public in a report on the State Administration of Foreign Exchange’s website after the regulator’s chief addressed a delegation of foreign businesses in China at a symposium in Beijing on Wednesday.
“A stable and good foreign exchange market is in line with the common interests of regulators and market players and it requires joint efforts from all sides,” Pan Gongsheng was quoted as saying.
Amusing Ourselves To Death
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Give them bread and circuses and they will never revolt – Juvenal, Roman
poet The decline of Rome was the natural and inevitable effect of
immoderate great...
All liquor shops in Madhya Pradesh will be shut down in phases.
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