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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...
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 license...
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...
Christine Lagarde, the managing director of the International Monetary Fund, may not have realized that the headlines after her talk Monday on global economic challenges were about her casual remarks that the IMF could be based in Beijing in 10 years. She was speaking at the Center for Global Development...
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 a...
President Xi Jinping and Governor General David Johnston of Canada witness the signing of cooperative documents at Diaoyutai State Guesthouse in Beijing on Thursday, Xi said the two nations have wide common interests. Wu Zhiyi / China Daily China and Canada should initiate negotiations on a free trade agreement as...