With nearly 1.4 billion people, China is a truly massive market for goods and services. It is no surprise that foreign companies have been trying to gain a foothold since China first began opening up in the late 1970s. Some foreign companies have been very successful in China despite some minor hiccups. For example, you…
Tag: China
Effect of the Devaluation of the Yuan on China
On August 11, 2015, the People’s Bank of China (“PBOC”), the central bank of the Republic of China, first devalued Chinese currency, the yuan.1. What exactly does this mean? The Chinese government changed the way that the currency was valued and this therefore caused a decrease in value. The value of the yuan was previously…
The Asian Infrastructure Investment Bank’s Implications on Global Project Finance
Over the past couple months China has made massive strides in the chartering of the Asian Infrastructure Investment Bank (AIIB), and with 50 countries signing up to join the bank in June, the AIIB seems near functional.1 Developed by China as a counter to the Western dominated World Bank and IMF, the stated objective of…