For years, wealthy Chinese have been transferring billions of U.S. dollars’ worth of their money overseas, snapping up pricey real estate in markets including New York, Sydney, and Vancouver despite their country’s currency restrictions.
Cross-border revolving credit facilities, derivatives among the agreements that could be affected.
Canada and Mexico reject the U.S. hard line.
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Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
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