Economy

US-based American Express on Saturday announced that its China-based joint-venture Express Company has received approval from China's central bank for a network clearing license, becoming the first foreign payment network…

The amount of non-cash payments by banks in China went down 5.2 percent year on year in the first quarter (Q1) of the year, a central bank report showed. The…

China has deepened its reform on the growth enterprise market (GEM) in the Shenzhen Stock Exchange by allowing stocks to rise or fall by 20 percent, up from 10 percent.…

Just as the incident involving BYD's face mask exports to the US was settled, another personal protective equipment (PPE) supplier from China, Kingfa Sci & Tech Co., is being faced…

Cathay Pacific Group reports declines in cargo and passenger flows in May Cathay Pacific and Cathay Dragon continued to see declines in passenger flows and cargo transport in May. The…

The People's Bank of China, the country's central bank, is piloting cash management after gathering feedback for the past seven months, as personal withdrawals of more than 100,000 yuan ($14,132)…

Foreign consumer brands like Ikea and Adidas have resumed full operations in China as the retail sector quickly rebounds after the COVID-19 outbreak ebbs. Analysts said that China would become…

China's Ministry of Commerce (MOFCOM) encourages competitive domestic enterprises to invest in Australia and hopes the Australian government will create a fair and non-discriminatory environment for Chinese investors, the ministry's…