International Law

Apologies for the Radio Silence

I've been busy preparing to open a second location for my law practice and have not written much. But let me give you something to read in the meantime:

After 11 years of trial, New Taiwan Dollar/RMB exchange, based in bank branches and open to the public, has expanded to the entire province of Fujian. Very doubtful that this is of much importance to any but the tourist, as, evidently, only smaller quantities of cash may be exchanged, Surely not benefiting Taiwanese manufacturers or investors. However, this appears to be a further indication of the generally positive interaction between government officials in Taipei and Beijing. Perhaps this will put a dent in the black-market operators who often hang out around local bank branches offering slightly better rates of exchange than the branches do themselves.

A Sina.com article here.

Full post as published by Asia Business Intelligence on October 16, 2009 (boomark / email).