A district government in east China's Zhejiang Province has announced subsidies of up to 800,000 yuan (125,000 U.S. dollars) to homebuyers in an attempt to cut house inventories.
Around 40 employees of China Railway Corp (CRC) kneeled down in front of the corporation’s headquarter in Beijing on December 9, 2015, appealing for equal pay and protesting against the terminations of contractors, caixin.com reported.
With the International Monetary Fund (IMF) including the yuan in an elite reserve currency basket, the Chinese currency ascended to the heart of global finance in a move that should be welcomed by both China and the rest of the world.
The International Monetary Fund (IMF) on Monday announced that the Chinese currency, Renminbi, is eligible for joining its Special Drawing Rights (SDR) currency basket.
The International Monetary Fund will decide on Monday (Nov 30) whether the yuan can be added to its Special Drawing Rights (SDR) basket, alongside the US dollar, euro, yen and pound. Here are five things to know about the yuan and the SDR:
Shanghai-Hong Kong Stock Connect has operated steadily since its launch a year ago, despite the crisis in the mainland's stock market last summer.
Alibaba's Tmall online marketplace has reported dazzling sales of 91.2 billion yuan (14.3 bln U.S. dollars) on this year's Singles' Day shopping spree on Thursday, a 60-percent rise from last year's 51.7 bln yuan.
With a new, harder to counterfeit, 100-yuan banknote going into circulation on Thursday, two hand-made notes "issued" in 1960 and now part of the collection at Shenyang Financial Museum are back in the spotlight.
China's currency, the yuan or renminbi (RMB), "is increasingly competing" against the U.S. dollar and the euro as it moves closer to gaining a global currency status, an Argentine report said.
South Korea plans to sell the Chinese yuan-denominated sovereign bonds for the first time as it pushes to become one of the offshore yuan hubs in Asia, people familiar with the matter said Thursday.
An Automatic teller machine (ATM) in east China's Jiangsu Province will now provide small denomination notes, claiming to be the first in the country to offer such a service.
China's fiscal revenue grew faster in September but the country's exchequer faces great pressure in the fourth quarter of this year, the Ministry of Finance (MOF) said Monday.
A woman bamboozled out of 2,000 yuan (315 U.S. dollars) for blackhead removal at a salon has prompted an outcry for better supervision over illegal market activities.
The first phase of China International Payment System (CIPS) was officially launched Thursday in Shanghai, a milestone in the internationalization of the Chinese currency, the renminbi or yuan.
China's new yuan-denominated lending is expected to increase in the next several months, according to Li Daokui, an economist at Tsinghua University.
China's foreign trade in August dropped 9.7 percent year on year to 2.04 trillion yuan (320.8 billion U.S. dollars), a steeper decline than the 8.8-percent contraction in July, official data showed on Tuesday. Exports fell 6.1 percent year on year to 1.2 trillion yuan, compared with an 8.9-percent drop in July, while imports slumped 14.3 percent to 836.1 billion yuan, compared with July's decrease of 8.6 percent, according to the General Administration of Customs (GAC).
China's foreign trade in August dropped 9.7 percent year on year to 2.04 trillion yuan (320.8 billion U.S. dollars), a steeper decline than the 8.8 percent contraction in July, official data showed on Tuesday.
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