IMF’S YUAN INCLUSION SIGNALS LESS RISK TAKING IN CHINA
When the International Monetary Fund agrees on November 23rd to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod. By acknowledging the yuan as a major global currency alongside the dollar, euro, yen, and pound, as is widely expected, IMF members will endorse the efforts of China's economic reformers and by doing so hope that will spur fresh change in China.
Source: Reuters
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DER YUAN OFFNET SICH DEM FRANKEN
Die chinesische Führung will der Heimwährung zu mehr internationaler Sichtbarkeit verhelfen. Davon profitiert nun auch die Schweiz.
Source: NZZ News
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ALIBABA’S ROBUST SINGLES DAY SALES NOT ENOUGH TO SPARK CHINA’S RETAIL MARKET
Alibaba blew away all expectations with a record-breaking 91 billion yuan (HK$110.6 billion) in online sales on Singles’ Day (November 11th) amid a bleak picture of China’s economy. But experts cautioned it does not necessarily mean a boom for China’s retail market, and the nation’s economic slowdown still remains as the biggest underlying worry for the sector in the longer term.
Source: South China Morning Post
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INSIDERSKANDAL ERSCHUTTERT CHINA
In China sorgen Ermittlungen und Festnahmen im Zusammenhang mit Insiderhandel für helle Aufregung. Im Zentrum steht ein prominenter Star unter den Hedge-Funds-Managern.
Source: NZZ News
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SWISS SME CHINA: VERY SUCCESSFUL KICK-OFF EVENT
On November 2nd, the kick-off event of Swiss SME China was held at Swissôtel Grand Shanghai with over 50 participants. Thanks to the great support from the Consulate General of Switzerland in Shanghai, Swissnex and SwissCham, Swiss SME China has achieved a tremendous success for its kick-off event.
Source: sim (selective international management)
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For further information please visit either sim’s website, the Swiss SME association’s page or contact us under: [email protected]