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.
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
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?
Social commerce vendors are cashing in on personal contacts to create a trillion-yuan industry. But have they already overdrawn on their trust?
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.
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