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Foreign Reserves Climb to 12-month High
Data from China’s State Administration of Foreign Exchange (SAFE) showed that by the end of June, China’s foreign exchange reserves have reached US$3.1 trillion, the highest point since May 2018 and 0.6 percent more than in May.
The Dark Night Rises
Cities are betting big on their night-time economy with expanded services, subsidies and more. But will it be enough to perk up China’s slowing economy? By Xu Ming
Greenlight for Used Car Exports
Seen as a way to boost the slowing domestic auto market, can allowing exports of second-hand cars from China overcome low brand recognition and high logistics costs?
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Shopping for Friends
Social commerce vendors are cashing in on personal contacts to create a trillion-yuan industry. But have they already overdrawn on their trust?
PBoC Reduces Reserve Requirement Ratio for Rural Banks
The People’s Bank of China (PBoC) has announced a reduction in the reserve requirement ratio (RRR) targeting medium and small-sized banks in rural areas as of May 15.
High on Hype
Companies are betting on looser policies for industrial hemp, but even as their share prices soar, technology and the regulatory environment are moving slower than expected