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China invites public opinions on optimized cross-border RMB policies
China started soliciting public opinions on the draft circular over further optimizing cross-border Renminbi (RMB) policies last Friday, to better serve the real economy and facilitate trade and investment, according toan announcement posted on website of the Chinese central bank, the People's Bank of China (PBOC).
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In the Real-time Info and the China Factbook sub-databases, users canhave access to the latest China economic information and the business environment assessment reports about all the 31 provinces, municipalities and autonomous regions across the Chinese mainland.
China's trust assets shrink in second quarter
The assets of China's trust industry have been shrinking amid tightened financial regulation to defuse risks, data shows.
China Focus: Smart manufacturing drives shared growth
Team members sit in the office and operate the remote control. A few kilometers away, an unmanned excavator is undergoing simulation tests. A large screen in the office shows the simulated operation from different angles.
China issues master plan for 3 new pilot FTZs
The State Council, China's cabinet, has issued a master plan for three new pilot free trade zones (FTZs) in Beijing, Hunan and Anhui amid efforts to elevate the country's opening-up to a higher level.
Feature: China, Laos cooperate to enhance poverty reduction capacity with hard, soft methods
"Learning from to China's poverty reduction experience, we did not simply bring money and project here like blood transfusion, but have been carrying out more effective and sustainable 'hematopoietic poverty alleviation' in the project villages."
China's loan prime rates remain unchanged
China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.85 percent on Monday, unchanged from the previous month.
Chinese banks narrow forex settlement deficit in August
China's commercial banks saw a net forex settlement deficit of 26.5 billion yuan (about 3.8 billion U.S. dollars) in August, the country's forex regulator said Friday.
Fashion retail, why in China there is a double-digit growth and in the USA is a failure
A report by Fung business intelligence group and China commerce association for general merchandise has showed that in China, apart from a slight slowdown between November 2019 and May 2020, gross margins and fashion retail revenues have increased in the last months.
What are the effects of RMB appreciation on the market?
The central parity rate of the yuan or Renminbi (RMB) against the U.S. dollar rose 84 pips to 6.7591 on Friday, according to data from the China Foreign Exchange Trade System.
News Analysis: Supply chain adjustment doesn't mean companies leaving China
Both domestic and foreign-funded companies in China have been readjusting their supply chains amid dynamics in total costs, uncertainty in tariffs, vulnerabilities of globalized supply chain and governmental push for re-shoring. Still, part of supply chain shifting outside of the global manufacturing powerhouse doesn't mean companies are leaving China, according to experts.
South-South In Action -- Nigeria: Lekki Free Trade Zone Project
The United Nations Office for South-South Cooperation (UNOSSC) and the China-Africa Development Fund (CADFund) have published the South-South in Action series of seven case studies showing the great impact made by the CADFund in Africa in advancing the achievement of the UN sustainable development goals (SDGs).
China market to open further to most competitive U.S. companies: Chinese ambassador
China's market will continue to open further for U.S. companies in areas where the United States is most competitive such as energy, agriculture and finance, Chinese Ambassador to the United States Cui Tiankai has said.
BoCom reaches comprehensive strategic co-op with Alibaba, Ant Group
Bank of Communications (BoCom), one of China's largest commercial banks, signed a comprehensive strategic cooperation agreement with Alibaba Group and Ant Group in Hangzhou on Wednesday.
Highlights of Chinese policies supporting economic recovery
China's economic recovery continues to gather steam as the country has rolled out a series of policies and measures, including providing more financial support and tax reduction, as well as promoting foreign trade and consumption to revive the coronavirus-battered economy and boost employment.
News Analysis: China seen to play a role as Italy's tourism sector starts to recover from pandemic
Analysts and observers expect tourists from China to play an over-sized role when the beleaguered Italian tourism sector starts to recover.
China rolls out new measures to boost reform and development of SOEs and private businesses
China will take solid steps in implementing the three-year action plan for SOE reform, and make more efforts to create a level playing field for private firms, the State Council's executive meeting chaired by Premier Li Keqiang decided on Thursday.
China, Singapore co-host smart industry expo for the first time
Singapore is an organizer of the 2020 Smart China Expo Online in southwest China's Chongqing Municipality, held from Tuesday to Thursday. It is the first time China and Singapore have cooperated to host the event.
Dialogue held to promote trade, investment between China, ASEAN countries
A dialogue focusing on trade and investment between east China's Anhui Province and the Association of Southeast Asian Nations (ASEAN) consulates in Shanghai was held Wednesday in Hefei, capital city of Anhui.
Economic Watch: Int'l financial institutions upbeat on China's economic growth
Several foreign financial institutions have raised their forecasts of China's economic growth for the rest of the year as the country's key economic indicators point to strong recovery amid COVID-19 prevention and control.
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