FX:Renminbi Vs USD
Very often,we have been hearing that the Chinese Government is resisting to increase it foreign exchange rate re:renmibi versus US dollars.
Actually,China is in a very difficult position as it is the single largest holder of US debt with its US treasury bonds totaling over $800 billion. It is [...]

FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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