Renminbi's rough ride

Article Abstract:

A devaluation of the renminbi may soon be forthcoming as its value continues to fall at China's foreign-currency swap centers nationwide. The present currency exchange rate may be reduced to a value that is nearer to the rate at the swap centers, China's version of the foreign exchange markets in other countries. A devaluation of the renminbi would make Chinese exports cheaper, leading to an increase in China's export trade. This would have a negative impact on the country's trade relations with the US and EC, which are both asking China to reduce its growing trade surpluses with them.

China, Finance, Exports, Currency devaluation, Devaluation (Currency)

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Cuisine and cure

Article Abstract:

Guangdong province is China's gateway to the world for wildlife smugglers. A thriving trade meets both domestic and overseas demand, with prices legal products cannot hope to match: about $250 for a bear paw, and $100 per kg for tiger meat. The smugglers claim to work hand-in-glove with the military and border guards, and say their best market is Taiwan. The province tightened restrictions in mid-Jul 1993, but only executions seem to affect the black market.

International trade, International aspects, Cover Story, Endangered species, Crime, Smuggling, Guangdong, China

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