Companies

Trade slows but still impels economy
Companies

Trade slows but still impels economy

China’s foreign trade in July, though slower than expected, still achieved double-digit growth, as the country maintains steady demand for foreign commodities and continues to diversify its trading with various partners. China’s exports in yuan-denominated terms rose by 11.2 percent year-on-year last month, and imports by 14.7 percent, according to […]

Companies

Foreign cards may woo Chinese users

Visa, MasterCard apply for permission to compete against Union Pay in China Foreign debit and credit card companies face a long fight with local electronic payment market leader UnionPay as industry supervision is still evolving and customer needs are diverse, experts said. US card network Visa has applied for a […]

Li, head of US state seek ways to enhance exchanges
Companies

Li, head of US state seek ways to enhance exchanges

Premier Li Keqiang meets Michigan Governor Rick Snyder in Zhongnanhai, the central leadership’s compound, in Beijing on Tuesday. They discussed a range of subjects, from trade to investment and employment. Wu Zhiyi/china Daily Premier Li Keqiang said on Tuesday that all US states, including Michigan, are welcome to strengthen exchanges […]

Companies

Outbound cash flow slows in June

Controls start to work, as 1st half total fell 46% from a year earlier China faces less pressure from capital outflows, according to data released by its currency regulator on Thursday, and economists said the situation may continue to improve in the second half of this year. China’s banks sold […]