CHINA MAY ALLOW MULTINATIONALS TO CONDUCT INTERNAL FOREX TRADE. (30-APR-07) AsiaPulse News

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CHINA MAY ALLOW MULTINATIONALS TO CONDUCT INTERNAL FOREX TRADE.

Publication: AsiaPulse News

Publication Date: 30-APR-07

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BEIJING, April 30 Asia Pulse - China is considering allowing the subsidiaries of multinationals to complete inter-company transactions using foreign exchange, said Deng Xianhong, vice director of the country's forex watchdog.

The State Administration of Foreign Exchange (SAFE) said this would allow multinationals to by-pass SAFE which now requires...

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