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Traditional banks usher in smart transformation by cutting branches and closing ATMs
Traditional banks have embarked on the path of smart transformation. The used-to-be-everywhere physical branches are slimming away, along with roadside ATMs. But such offline to online banking transformation encounter difficulties as well during the process.
October22,2020
Chinese local gov'ts issue 8.47 trln yuan new bonds in first 10 months
China issued new local government bonds worth 8.47 trillion yuan (about 1.19 trillion U.S. dollars) in the first 10 months of this year, the Ministry of Finance said.
December04,2023
Chinese local gov'ts issue nearly 7.08 trln yuan new bonds in first nine months
China issued new local government bonds worth nearly 7.08 trillion yuan (about 986.3 billion U.S. dollars) in the first nine months of this year, the Ministry of Finance said.
October30,2023
Debt risks of China's local gov'ts generally under control: MOF
China's Ministry of Finance (MOF) said on Thursday that the debt risks of local governments in the country are generally under control.
December17,2021
China allots environment tax revenue to local gov'ts
China will allot revenue from the environmental protection tax to local governments to motivate participation in the fight against pollution.
December28,2017
China's local gov'ts issue 3.41 trln yuan of new special bonds in H1
Local governments in China issued 3.41 trillion yuan (about 507 billion U.S. dollars) worth of new special bonds in the first half of this year (H1), the Ministry of Finance said Thursday.
July15,2022
Local gov'ts step up bond issuance to finance major projects
China's local governments ramped up bond issuance in the first two months of the year to ensure enough funding for major projects and stabilize investment.
March21,2019
Local gov’ts mull policies to support private enterprises' upgrading
Local governments are mulling more policies to support the transformation and upgrading of private enterprises, according to a source at the chairman meeting of All-China Federation of Industry and Commerce held in Jinan, capital of east China's...
November12,2018
China's local gov'ts debt balance within targeted ceiling in 2017
The balance of local government debt stood at 16.5 trillion yuan (2.6 trillion U.S. dollars) by the end of 2017, below the government ceiling of 18.8 trillion yuan, official data showed Wednesday.
January18,2018
Local gov'ts issue bonds worth 418 bln yuan in January
China's local authorities raised a total of 418 billion yuan (about 62.31 billion U.S. dollars) through bond issuance last month.
February02,2019
Chinese local gov'ts issue over 1 trln yuan new special bonds
China's local government special bonds worth about 1.02 trillion yuan (about 144 billion U.S. dollars) had been issued as of March 19, according to a report from the China Securities Journal.
March23,2020
China's local gov'ts issue bonds worth 3.49 trln yuan by end-June
China's local governments have issued around 3.49 trillion yuan (about 496.5 billion U.S. dollars) worth of bonds in the first half of this year, official data showed Wednesday.
July08,2020
Multiple local gov'ts in China issue coupons to spur consumption in Mid-Autumn Festival, National Day holidays
Multiple local governments in China have issued coupons to stimulate consumption in the Mid-Autumn Festival holiday (September 19-21) and the upcoming National Day holiday (October 1-7), reported Securities Daily Sunday.
September27,2021
China's local gov'ts issue bonds worth 1.9 trln yuan in first four months
China's local governments have issued 1.9 trillion yuan (about 268.4 billion U.S. dollars) worth of bonds in the first four months of this year at an average interest rate lower than last year, official data showed.
May11,2020
Chinese battery technology company AESC's battery gigafactory starts production in France
AESC, a leading Chinese battery technology company specialized in the development and manufacturing of advanced batteries for electric vehicles (EVs) and energy storage systems, recently put its battery gigafactory in Douai, France into production.
June10,2025
Foreign visitors experience China's improved mobile payment environment over Spring Festival
Foreign visitors in China experienced a smoother, more convenient travel environment during this year's Spring Festival, thanks to improvements to the country's mobile payment systems.
February07,2025
China Focus: China's new materials forge ahead with innovation, application
Limestone, ubiquitous in the Earth's crust, has been transformed into an innovative nanomaterial at facilities in north China to support a diverse array of industries with lower carbon emissions.
July31,2024
Across China: China rides new wave of inbound cruise tourism as visa-free travel gains steam
China's coastal cities are witnessing a renewed wave of international cruise tourism, fueled by relaxed visa policies and improved accessibility for foreign travelers.
April17,2025
China rides new wave of inbound cruise tourism as visa-free travel gains steam
China's coastal cities are witnessing a renewed wave of international cruise tourism, fueled by relaxed visa policies and improved accessibility for foreign travelers.
April18,2025
Chinese yuan strengthens in August
Chinese yuan strengthened against a basket of currencies in August, according to the China Foreign Exchange Trade System (CFETS).
September07,2023
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