So emerging markets continue to trade at a discount of around 20 percent to developed markets, while offering higher growth.

Trade is balanced. Growth of exports and imports was practically the same.

In response to rapid growth in cross-border trade and the growing need for automating global trade operations, we are expanding our international presence to assist multinational companies in optimizing their financial supply chain. Emmanuel is the ideal choice to lead our European efforts. We are thrilled to have him on board.

A trade deficit like this is unacceptable, ... It lowers our GDP growth.

Markets were caught off-guard by a blow-out trade deficit, ... This could affect growth.

As China's financial sector further opens up and its foreign trade witnesses exponential growth, the need for international financial transaction will naturally skyrocket. And we want to grasp this chance.