18 drinks China can’t live without

"There are some different brands of rice wine in the supermarket, but rice wine isn't common in restaurants." Try it at: During the Dongzhi festival (also known as the "arrival of winter") and at street stalls throughout China. Yellow wheat beans are used ... ( read original story ...)

China Is One Step Closer to Becoming a Cash-Free Utopia

In April, Ant Financial, Alipay’s parent company, teamed up with U.N. Environment and other partners to launch the International Cashless Alliance in Hangzhou. Part of an ambitious plan to help advance China into a cashless society, Ant Financial ... ( read original story ...)

China Shows It Can Clean Up Credit Without Killing Off Growth

PBOC says less off-balance sheet lending has impacted M2 Credit’s still going to economy as new loan pace increases China’s monetary authorities are attempting a feat that would test the world’s best financial overseers: Damping down more speculative ... ( read original story ...)

China yuan loans rise, but credit slows

A senior banking regulator said last month that China's recent steps to control financial risks have gained traction, as some riskier businesses carried out by banks have been contained. The People's Bank of China switched to a modest tightening stance at ... ( read original story ...)