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The Dragon’s Tail
China’s Rebalancing
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Topic
The Chinese economic dragon breathed fire into commodity prices and the financial markets
over much of the last decade, sending many exchange rates soaring upward and driving a
fundamental realignment in the global economy.
But now, the dragon's tail is whipping through the markets as the country rebalances plunging businesses into an environment containing unparalleled opportunity…and
unprecedented danger.
Join Karl Schamotta, Senior Market Strategist with Western Union Business Solutions as he
discusses some of the misconceptions that have grown around China’s rise – and the long-term
economic implications for Canada.
With a particular focus on the unprecedented processes underway as the renminbi becomes a
truly global trading currency, he will provide insight into the fundamental changes that are
occurring within China - and in the West's understanding of it.
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Objectives
An understanding of the fundamental impact that changes in China are having on the global
economy, and on Canada itself.
An overview of the changes underway in the foreign exchange markets as the renminbi
becomes one of the world’s most important trading currencies.
Insight into the strategies that the world's most successful companies are using to harness
currency volatility.
The Dragon’s Tail
China’s Rebalancing
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Speaker
Karl Schamotta is Senior Market Strategist with Western Union Business Solutions and President
of the Association for Financial Professionals Canada – Calgary.
Karl is responsible for delivering market analysis tools and trading strategy to thousands of
businesses across North America. He often speaks with financial audiences, and is known for
providing visually compelling and uniquely independent insights into the profound changes
that are reshaping the global economy. Karl is a frequent contributor to a number of
international finance magazines, and his market perspectives regularly appear in media such as
Bloomberg Businessweek, Reuters, CNN, CNBC and the Wall Street Journal.
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Company
Western Union Business Solutions is a division of The Western Union Company, a NYSE-traded,
Fortune 500 Company with strong and stable investment grade ratings.
We are a global leader in foreign exchange and a trusted payments provider to clients that
operate in international markets.
With a robust financial network spanning more than 200
countries and access to over 140 currencies, we empower clients with simple and reliable crossborder payment solutions.
Our distinguished service portfolio and deep industry expertise, enables clients to operate
across borders and currencies in fast, reliable and convenient ways. Through our account-toaccount payment platform, international payment tools, currency risk management solutions,
competitive rates and financial service partnerships, we help clients improve cash flow, manage
currency risk and seize global market opportunities.