Posted In: China, U.S., manufacturing
Manufacturing activity in October rises to a three month high and China eclipses the U.S. in foreign direct investment.
Posted In: reserve currency, China, brazil, yuan
With consumer demand still sluggish in the U.S. and Europe, China is looking elsewhere for new customers to places like Brazil. In fact, this week China and Brazil agreed to a landmark deal that avoids using the U.S. dollar.
Posted In: China
Brazil, Russia, India, China and South Africa concluded their one-day summit in China today. The so-called 'BRICS' countries are calling for changes to the global financial syste.