In Germany unemployment is falling. Inflation has declined as previous increases in energy prices have dropped out of the yearon-year statistics, but recent oil price rises pose a risk in this connection.
Through mutual understanding and interaction, we have better understanding of other markets and hence better knowledge. Since the return to the Motherland and the signing of the Closer Economic Partnership Agreement (CEPA), economic ties between Hong Kong, Macao and the Mainland have much strengthened. There will be profound implications if trade transactions between these places can be settled in Renminbi.