Chinese banks saw 23.7 billion U.S. dollars of net foreign exchange sales in April, down from March, official data showed Monday.
China's financial system is "largely stable" and foreign exchange reserves are "relatively abundant", the State Administration of Foreign Exchange (SAFE) said Saturday.
China will tighten management of cross-border cash withdrawals by UnionPay bank card holders to prevent money laundering.
China announced another modest easing of foreign exchange controls Monday, allowing offshore investment and financing through special purpose entities (SPEs).
A senior Chinese diplomat on Wednesday called for efforts to strive for a comprehensive cease-fire so as to create a favorable environment for the political process in
Arab foreign ministers will meet at the Arab League in Cairo on Sunday to discuss Syria, a League spokesman said, amid a regional push to normalise ties with Syrian Pre
The U.S. Federal Reserve (Fed) raised interest rates by 25 basis points to between 5 percent and 5.25 percent on May 3rd, which is the tenth increase since March last y
Representatives from several South Korean civic groups rallied over the weekend in front of the presidential office and city center of Seoul to protest Japanese Prime M
Russia on Wednesday accused Ukraine of attempting an assassination of President Vladimir Putin, and Kyiv denied involvement.The Kremlin said Ukraine launched an unmanne
Slovakia's Prime Minister Eduard Heger said on Sunday he had asked the president to relieve him of his duties, after ministers' resignations weakened his cabinet that i
Türkiye is set to become a nuclear energy powerhouse with the inauguration of its first nuclear power facility, the Akkuyu Nuclear Power Plant (NPP), located along the
Every weekend, Asia Pacific Daily will provide you with a run-down of the latest hot news.This week, the following hot news you should know:Top 1 | Ya Ya is coming home
Uzbekistan plans to lift half of its impoverished population out of poverty by the end of 2026. Uzbek officials were keen to learn from China's experiences in poverty a
Finance leaders of the Group of Seven (G7) nations warn about the U.S. debt crisis and urge caution amid mounting global economic uncertainty in a three-day meeting end
Author: Prof. Engr. Zamir Ahmed Awan, Founding Chair GSRRA, Sinologist (ex-Diplomat), Editor, Analyst, and Non-Resident Fellow of CCG (Center for China and Globalizatio
On Saturday, gathering at the Senda Park in central Hiroshima, Japan, people from the U.S., the Philippines and South Korea joined local demonstrators and held banners
Every weekend, Asia Pacific Daily will provide you with a run-down of the latest hot news.This week, the following hot news you should know:Top 1 | UN chief urges Sudan
Italian Prime Minister Giorgia Meloni said Wednesday that Italy intends to play a major role in the reconstruction of Ukraine. Meloni made the comments at a bilateral
As foreign countries continue to evacuate their citizens from Sudan by land, sea and air, Sudanese citizens report gunfire and heavy artillery fire in parts of Khartoum
Chinese State Councilor and Foreign Minister Qin Gang on Thursday said China is willing to bring China-India relations back to a healthy and stable development track in
The U.S. Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, May 3, while signaling it may pause further increases. The decision lif
The Chinese yuan weakened past 7 per dollar on Wednesday for the first time in five months.The onshore renminbi eased to 7.0026 per dollar, before recording the weakest
U.S. President Joe Biden and top lawmakers agreed on Tuesday to further talks aimed at breaking a deadlock over raising the $31.4 trillion U.S. debt limit, with just th