China is increasing its efforts to strengthen its digital yuan. It aims to challenge US dollar-pegged stablecoins in world ...

The deputy director of China's National Laboratory of Finance and Development reportedly says that the country should expand ...

Shoppers browse digital products offering trade-in subsidies at a store in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY ...

Article on social media suggests US policy, low consumer sentiment will continue to motivate capital flight, though movement ...

China's digital industry continues to gain momentum, with the total business revenue reaching 35 trillion yuan (US$4.82 trillion) in 2024, up 5.5% year on year, according to the Ministry of Industry ...

The report showed that in 2024, China's digital industry generated 35 trillion yuan ($4.8 trillion) in business revenue, up 5.5% year on year. Profits rose 3.5% to 2.7 trillion yuan. The sector ...

Zhang suggests developing central bank digital currencies (CBDC) in China, as the digital yuan is currently limited to use cases. And also to promote the development of Chinese stablecoins: to expand ...

BEIJING, March 30 (Reuters) - Four of China's largest state-owned banks said on Sunday they plan to raise a combined 520 billion yuan ($71.60 billion) in private placements from investors ...

China's major State-owned commercial banks plan to raise up to 520 billion yuan ($71.7 billion) via private placements from investors, including the finance ministry, a forward-looking move which ...