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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Treasury Secretary Scott Bessent has said that China couldn’t sell ... then they would have to sell RMB, and it would strengthen their currency, and they’ve been doing just the opposite.

The relationship threshold for transfer pricing rules to apply between parties is low compared to other countries. All transactions between the HQ and its China-side entity should be conducted based ...

which could lead to capital flight and “damage Beijing’s long term goal of making the RMB a global currency”. US Treasury secretary Scott Bessent on Wednesday warned China against a currency ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has fixed the renminbi at its weakest level in 18 months in the first sign it will permit currency ...