A part of the government-to-government initiative, the pilot is carried out under the guidance of the central banks of two nations.
FINANCE
Gradual Yuan Advance May Offer Boost to Emerging Currencies
A Bloomberg analysis shows that over the past year, for every 1% yuan move, the Thai baht, Malaysian ringgit, Chilean peso, Mexican peso and Brazilian real have moved closely in tandem. Meanwhile, the …
AI Innovation Injects New Momentum into China’s Services Trade
Amid the buzz of the ongoing 2025 China International Fair for Trade in Services (CIFTIS), a robot dog is stealing the show. However, this remarkable machine is not just a playful performer; it …
Uyghur activist warns of China’s financial power silencing Uyghur voices in Muslim-majority countries
Kuzzat Altay, a well-known Uyghur American entrepreneur, tech founder, and human rights activist, has published a video message discussing the current persecution of Uyghur Muslims in Xinjiang and the …
China bond slump fuels speculation PBOC will resume debt buying
A restart of the central bank’s debt purchase would go a long way to restore confidence among bond investors, as the rotation into stocks has sapped demand for the relatively lo …
China’s service trade fair closes with over 900 deals, focuses on digital innovation
BEIJING — The 2025 China International Fair for Trade in Services (CIFTIS) concluded in Beijing on Sunday with over 900 signed agreements in sectors including construction, information technology and …
Tariffs of 50% and 100% on China: Trump’s Solution to End the Russia-Ukraine War
President Donald Trump proposes unprecedented tariffs on China, ranging from 50% to 100%, as a strategy to halt the Russia-Ukraine war. By targeting China’s purchase of Russian oil, Trump aims to …
China’s Financing Boom: A 1.44 Trillion Yuan Surge!
China’s Total Social Financing surged to 2.57 trillion yuan, significantly higher than the previous 1.13 trillion yuan, marking an increase of …
China Warns Mexico Against Tariffs That Could Harm Chinese Goods
Beijing has warned Mexico to think twice before moving ahead with a plan to raise tariffs that could hurt Chinese automakers, saying it would retaliate against the measure.
China central bank to better regulate cross-border yuan financing between banks
China’s central bank said on Friday it plans to better regulate cross-border yuan financing between banks, and promote offshore use of the Chinese currency. China is ramping up the pace of yuan …
China August Bank Lending Picks up but Well Below Forecast
Chinese banks extended 590 billion yuan ($82.84 billion) in new loans in August, bouncing back from a 50 billion yuan contraction in July – the first decline in 20 years, according to Reuters …
China August bank loans pick up but well below forecast as economy struggles
China’s new bank loans recovered in August but were much lower than expected after unexpectedly contracting in July, as a protracted property slump and the government’s campaign to rein in industrial …
China says fiscal support will remain flexible, debt ratio stays reasonable
China’s fiscal policy has ample room, the government’s debt ratio remains “reasonable” and risks are controllable, finance minister Lan Foan said on Friday, pledging a more flexible fiscal push to …
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