Alibaba Splits Into Six Units
Bloomberg Businessweek
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The US and China's Currency Swap Agreements
The PBOC has set up a series of swap lines with other central banks. The idea is to finance trade and get the world to use China's renminbi currency more. But in some cases, these funds have been used for emergency rescues by poor countries. This could be seen as part of a geopolitical battle between Washington and Beijing.
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