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China's greater involvement in the global financial markets will generate more demand for accounting professionals, providing more opportunities for the association to enhance cooperation with local institutions and help more talents in the industry to continue their training, according to Melancon.
China's influence in Africa is growing based on good diplomatic relations, compared to the West's history of manipulation and merciless exploitation of the continent. China has 52 diplomatic missions in Africa compared to 49 of the US. Of the five UN Security Council members, China has the most peacekeepers in Africa with more than 2,000 troops in five countries. One of the best writers on the exploitation of Africa by the West, Zambian born Economist Dambisa Moyo, in her book, Dead Aid, points out that: "The narrative of donor and recipient has changed considerably with China." Chinese banks are currently giving more loans to African countries than the World Bank. This is a real headache for the West, as the era of exploitative conditional lending to African countries has been rendered obsolete. The West is trying to figure out how to counter China's influence in Africa so it can retain its threatened and tainted foothold in Africa.
China's market regulator put an interim version of the regulations into effect on April 1, 2016.
China's forex reserves rose for 11 months running to .14 trillion at the end of December last year, as the economy got on a firmer footing and the government stepped up regulation of illegal capital transfers and overseas investment.
China's equivalent of the Ig Nobel Prizes-the United States' parody of the Nobel-the Pineapple Award honors the spirit of curiosity behind amusing and amazing experiments. They are given in fields including psychology, physics and biology. All entries must have been published in recognized academic journals or presented at conferences.