The yuan’s exchange rate drops nearly 2% against the dollar. The move follows poor foreign trade data and several months of steady gains. The People’s Bank of China devalued its currency, the yuan, on Tuesday after its exchange rate had remained unchanged against the U.S. dollar for months and the country’s exports had suffered as…
DetailsMadrid, Aug 3 (EFE) (Image: José Álvarez Diaz) Unknown to millions of people who nevertheless use products daily that have passed through its wholesale market, the Chinese city of Yiwu reached a business volume of 13.809 billion dollars in 2014, with exports to 219 countries. Moreover, the “Yixinou” train route connecting this city with Madrid…
DetailsIt is the longest (train) journey ever told. Or lived. 13,052 kilometers across frozen steppes at -30ºC, deserts rife with bandits, and massive mountain ranges once crossed by none other than Marco Polo himself. From the easternmost tip of China, the Yixin’Ou will cross Kazakhstan, Russia, Belarus, Poland, Germany, France… A total of eight countries…
DetailsThe Chinese city of Yiwu manufactures and sells most of the items found in bazaars across all five continents – The city explains why the country weathered the crisis better than others. · 11,000 traders from over a hundred countries. One of the most enlightening experiences for anyone wanting to understand why China…
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