Category Archives: Business

Foreign cards may woo Chinese users

Visa, MasterCard apply for permission to compete against Union Pay in China

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Forex reserves increase for the sixth consecutive month

China’s foreign exchange reserves grew for a sixth consecutive month in July, as a stronger yuan and strengthened oversight over outbound investment helped curb capital outflows.

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Xi: Inner Mongolia makes gains

President cites advances, sees brighter economic and environmental future

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China trade depends more on peace in South China Sea shipping lanes

When talking about the South China Sea, US officials, especially those in the previous Obama administration, liked to emphasize the importance of the shipping route to global trade.
The figure often cited since late 2010 is that $5.3 trillion worth of goods each year transit through the South China Sea.

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Bike sharing gets national guideline

The central government released a guideline on Thursday to encourage and regulate the booming bike-sharing industry, such as requiring real-name registration and barring services to children under 12.

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Li, head of US state seek ways to enhance exchanges

Premier Li Keqiang said on Tuesday that all US states, including Michigan, are welcome to strengthen exchanges with provinces and municipalities in China and deepen cooperation in fields such as trade, investment, manufacturing and innovations.

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