Dan Chenmade a 270 km return train trip from Shenzhen to neighbouring Guangzhou to deposit one million yuan (S$186,700). Read more at straitstimes.com.
Tagged By banking
China urges concrete actions by US on economic, trade ties
China’s Ministry of Finance said on Friday that China urges the United States to take concrete actions for healthy development and mutually beneficial cooperation of the economic and trade ties …
Yellen to discuss US-China ties, global economic outlook in Beijing
US Treasury Secretary Janet Yellen begins a full day of meetings in Beijing including with Premier Li Qiang on Friday, as Washington seeks to steady the tense relationship between the world’s top two …
China hopes US will take ‘concrete actions’ for healthy trade relations
China hopes the US would take “concrete actions” to create a favorable environment for the healthy development of bilateral economic and trade ties, Chinese finance ministry said in a statement on …
China’s wobbly economic recovery unlikely to become full-blown ‘Japanification’
Sentiment towards China is bleak, but the differences between China and Japan are far more consequential than the similarities The bigger China’s vulnerabilities, the stronger the likelihood that …
China revises EV credits for automakers, reducing offset opportunities that have driven production
China’s Ministry of Industry and Information Technology announced a revision to its long-running “dual-credit policy,” in which local automakers …
U.S.’s Yellen begins China visit with both sides locked in confrontation
U.S. Treasury Secretary Janet Yellen arrives at Beijing Capital International Airport in Beijing, China, Thursday, July 6, 2023. Mark Schiefelbein/Pool via REUTERS …
Does it pay to be a communist in China?
Party members can be found at every rung of the economic ladder. Of the poorest tenth of Chinese households, about 14% contain a party member, according to the China Household Finance Survey by …
China to speed up infrastructure projects to shore up growth, amid call to ‘determine scale’ of debt
China is to accelerate new debt issuance to shore up growth amid calls from the national legislature for measures that could “scientifically determine the scale” of the country’s medium and long-term …
China leads race to become world’s top cashless society, says British expert
China is on track to becoming the world”s top country for cash-free transactions, Kent Matthews, professor of banking and finance at Cardiff University told Xinhua recently in an exclusive interview.
China’s FX market stable, cross-border flows basically balanced – state media
Foreign investors were net purchasers of onshore yuan bonds in June, while expectations in China’s foreign exchange market remain stable and cross-border capital flows are basically balanced, a state …
China Has Ample Tools Even in ‘Panic’ Yuan Drop, PBOC Paper Says
China has ample tools to stabilize the foreign-exchange market even if the yuan enters a “panic” slide, according to a commentary in the Chinese central bank-backed Financial News.The commentary, …
Moderna announces China investment as country opens doors to foreign pharma
China signals a warmer welcome for Western pharma giants just as Treasury Secretary Janey Yellen leaves for Beijing.