Thursday, 29 October 2015
Indonesia calls for US-China to ‘restrain themselves’, lashes US ‘power projection’ after Spratly sail-by
The Indonesian government expressed disapproval Wednesday over a “power projection” exercise conducted by the United States which saw a Navy destroyer enter what Beijing claims to be its territorial waters around artificial islands in the South China Sea.
Sunday, 25 October 2015
The mainland recently launched the China International Payments System (“CIPS”), enlisting an initial group of 19 domestic and international banks. As a cross-border yuan payments system it represents a major step in Beijing’s ambition to increase the distribution and improve the efficiency and international popularity of its currency. But, it is more than a payment transaction regime.