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Night and Day Services

2018年5月14日 admin 0

Following a raft of measures taken by China to promote the international use of its currency, a further improvement to its global yuan payment platform, Cross-Border Interbank Payment System (CIPS), was recently unveiled, which makes trading via the platform safer, easier and smoother.

Automated railways being tested by China

Retail gasoline, diesel prices raised

2018年5月14日 admin 0

A work pumps gas into a car at a gas station in Taiyuan, Shanxi Province, on Friday. China raised the retail price of gasoline by 170 yuan (US$26.85) per ton and that of diesel by 165 yuan per ton from Saturday, the National Development and Reform Commission said Friday. This is the fourth increase in a row since March this year.SD-Agencies

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Ford’s April China vehicle sales slump 26%

2018年5月14日 admin 0

FORD Motor Co.’s vehicle sales in China fell 26 percent in April, the company said Friday, as its business remained under pressure in the world’s biggest auto market partly due to a dearth of fresh products.

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Central bank to maintain neutral policy

2018年5月13日 admin 0

THE central bank will maintain its neutral monetary policy and keep liquidity and credit growth largely steady while keeping the yuan currency basically stable, it said Friday.

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April new loans rise but shadow lending shrinks

2018年5月13日 admin 0

BANKS extended 1.18 trillion yuan (US$186.37 billion) in net new yuan loans in April, up slightly from March and higher than expectations, as policymakers look to support the economy as it faces fresh risks from U.S. trade threats.