China looking at currency settlement scheme with Taiwan
China is actively looking at setting up a cross-Strait currency settlement scheme with Taiwan, a Chinese official said on Wednesday, as the two long-time political rivals take another step towards closer economic ties.
The New Taiwan dollar rose 0.5 percent yesterday to NT$33.03 against the greenback as exporters continued to trade US dollars for the local currency in keeping with a tradition normally seen before Lunar New Year, dealers said.