The RMB continued its relentless march towards being a trade currency with over US$15 billion in RMB bond issuance in the city-state of Singapore – more than doubling the issuance of 10 years ago.
According to the latest numbers from Ministry of Commerce of PRC, in the first 4 months of 2014, the investment into Hong Kong from Mainland and exports from Chinese mainland to Hong Kong decreased largely.
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