China's currency, the renminbi (RMB), is breaking the financial world's ultimate glass ceiling and embarking on a new journey towards global reserve status when it formally joins the elite currency club of the International Monetary Fund (IMF) on Saturday.
Growth in China's August rail freight volume and a surge in industrial profits are among the encouraging data that reinforce a message of economic stabilization, analysts said, but risks remain.
Trade between China and the Belt and Road countries exceeded 600 billion U.S. dollars during the first eight months of 2016.more
China will adopt various measures to boost foreign trade as the sector is still under considerable pressure, the Ministry of Commerce (MOC) said Thursday.more
Billionaire investor George Soros was found to have invested in China's fifth biggest state-owned lender, which raised a public uproar as many still remembered that Soros has never stopped bad-mouthing China's economy.
The FTZ is a testing ground for new policies to facilitate investment and trade, characterized by bolder measures and wider opening up.
With China's air industry development gaining speed, aeronautical specialists say the sky is the limit for aviation in the world's most populous country.