China to punish fraudulent actions

Tuesday, 28/03/2017 | 08:18 GMT

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China will be punishing the organizations that are found to be releasing fraud trade data, the customs administration reported today.

China's bodies to punish fraudulent firms

The companies will be reporting to 33 governmental departments and the customs administration when it comes to fake trade data, tax avoidance, fraudulent company registration, smuggling goods, Li Guo, customs bureau vice minister stated.

U.S. dollar index at 99.11

The U.S. dollar stabilized upon today's European trading morning session. The U.S. dollar index traded at 99.11 rising 0.08%, and the greenback approached 110.68 versus the yen appreciating 0.02%.

The sterling, following the start of the Brexit talks, remained at $1.25, and the euro traded at $1.08 before the presidential election in France next month.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/china-to-punish-fraudulent-actions

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