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Chinese yuan strengthens to 6.6952 again...
BEIJING, Feb. 26 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 179 basis points to 6.6952 against the U.S. dollar Tuesday, according to the China For
Explaining China's latest tax reform
Those who make 8,000 yuan a month (roughly about 1,190 U.S. dollars) have seen their disposable income rise recently. How did this happen? The extra cash is thanks to China's reform of the individual
Chinese yuan weakens to 6.7049 against U...
BEIJING, March 4 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 92 basis points to 6.7049 against the U.S. dollar Monday, according to the China Foreign E
Overseas institutions hold more yuan bon...
BEIJING, March 24 (Xinhua) -- Overseas investors owned more Chinese yuan-denominated bonds at the end of last month, as the country's bond market opened up wider to the world. At the end of February,
Xinhua Headlines: Institutional engines ...
Nearly 70 years after the founding of New China in 1949, the Chinese economy expanded to over 90 trillion yuan (about 13.28 trillion U.S. dollars) in 2018 from roughly 67.9 billion yuan in 1952. Chin
Economist predicts rising status for yua...
Morgan Stanley economist Robin Xing has said the Chinese yuan will receive more recognition as a global reserve currency thanks to the continued opening in the country's capital market. "The yuan's
BEIJING, April 5 (Xinhua) -- Box office figures of the top-grossing films on the Chinese mainland market on April 4 were as follows: Title Daily Gross P Storm 77.9 millio yuan The Shadow Play 16.4 mi
Chinese yuan weakens slightly last week
BEIJING, April 1 (Xinhua) -- China's yuan weakened slightly against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS) index. The CFETS yuan exchange rate
Share price of China's top liquor brand ...
BEIJING, April 8 (Xinhua) -- Share price of Kweichow Moutai, China's leading liquor brand, opened at a record high of 900 yuan (about 133.93 U.S. dollars) per share Monday. The company's share price
Furniture industry leader reports 5.77 p...
BEIJING, March 5 (Xinhua) -- Suofeiya Home Collection Co., one of China's biggest customized furniture company, said Tuesday that its net profits rose 5.77 percent year-on-year to 959.07 million yuan
China invests over 478 billion USD in tr...
Fixed-asset investment (FAI) in China's transport sector totaled 3.2 trillion yuan (about 478.9 billion U.S. dollars) last year as the country continued to spend on infrastructure construction, offi
Local gov't bond issuance going down in ...
BEIJING, March 20 (Xinhua) -- Local governments raised 364.2 billion yuan (about 54.36 billion U.S. dollars) through bond issuance in February, down from 418 billion yuan in January, data showed Wedn
China's banking institutions report grow...
BEIJING, March 10 (Xinhua) -- Chinese banking institutions held 265.1 trillion yuan (about 39.4 trillion U.S. dollars) in onshore assets by the end of January, official data showed. The volume expand
Xiaomi makes foray into medium to high-e...
Lei Jun, the founder and CEO of Chinese smartphone maker Xiaomi, announced the launch of the Xiaomi 9 smartphone on Wednesday in Beijing, selling at 2,999 yuan (446 U.S. dollars), a slight price hike
CDB lends trillions of yuan to develop Y...
BEIJING, Feb. 26 (Xinhua) -- China Development Bank (CDB), the world's largest development finance institution, has extended trillions of yuan of loans to support the development of the Yangtze River
Chinese yuan strengthens to 6.7062 again...
BEIJING, March 19 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 26 basis points to 6.7062 against the U.S. dollar Tuesday, according to the China For
JD reports 22 pct revenue growth in Q4
BEIJING, Feb. 28 (Xinhua) -- Chinese e-commerce giant JD.com on Thursday reported a 22-percent year-on-year increase in net revenues for the fourth quarter of 2018. According to unaudited financial r
ICBC lends trillions of yuan to manufact...
The Industrial and Commercial Bank of China (ICBC), China's largest lender by market value, has extended trillions of yuan of loans to the country's manufacturing sector in the past few years. As of
ICBC lends trillions of yuan to manufact...
BEIJING, March 5 (Xinhua) -- The Industrial and Commercial Bank of China (ICBC), China's largest lender by market value, has extended trillions of yuan of loans to the country's manufacturing sector
CDB lends trillions of yuan to develop Y...
China Development Bank (CDB), the world's largest development finance institution, has extended trillions of yuan of loans to support the development of the Yangtze River Economic Belt. As of Decemb
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