Topic “Featured News” — Exporter Magazine

China for the first time allowed the yuan to trade against the Malaysian ringgit on the domestic market last Thursday in a move signalling China’s intention to progressively turn the yuan into a major global currency, according to a Wall Street Journal online report. Japanese retailer Uniqlo is aggressively expanding its Korean operations, with plans to open five new large stores in Seoul, Busan, Ilsan and Suwon in the second half of the year, according to Korea Time’s online report. The firm behind a new breed of microscopic salt crystals that can help manufacturers slash sodium and retain their clean label status is conducting its first trials on cheese, according to Foodmanufacturer.co.uk. Cathay Pacific has entered into a letter of intent with the Airbus Company to buy 30 Airbus A350-900 aircraft. The airline has also expressed its intention to exercise existing purchase rights in respect of six Boeing 777-300ER aircraft, according to a Transport Weekly.com report. After more than a decade entering China, Nike has promoted China as its biggest market outside of the United States and is seeking to expand its product to lower-tier cities throughout the country, according to ChinaDaily.com.