China is opening its 26.31 trillion yuan ($4.3 trillion) interbank bond market to non-financial firms after tightening trading rules following a crackdown on illegal transactions.
Reduced currency market intervention by China's central bank is fueling speculation it will cut lenders' reserve requirements for the first time in two years to boost the supply of yuan.
Sydney, Australia's financial center, is set to become the latest hub for trading in the Chinese yuan with the authorities from both countries expected to ink the agreement this month.
Province aims to diversify sources of trade and financing, officials say
China's quality regulator has asked Volkswagen AG to provide technical documents for its recall of almost 600,000 vehicles, the first time the agency has done so since a law mandating timely safety campaigns came into force.
The nation is expected to open its doors to Irish beef in the first half of next year, further consolidating the end of a 14-year ban on European beef, Ireland's top agricultural official said on Monday.
Agreement comes as bilateral trade expected to reach $80b this year
Innovation in China has increasingly been a key influence for the global knowledge economy, according to World Intellectual Property Organization Director-General Francis Gurry.
The memorandum of understanding signed by China and 20 other Asian economies agreeing to establish an Asian Infrastructure Investment Bank has attracted much comment.
Economic growth in China is likely to decline even "more than general experience would suggest", despite it being the only country in history to have such sustained economic development in the last three decades, said a new research paper conducted by Harvard economists Lawrence Summers and Lant Pritchett.
There is a huge increase in Chinese tourists shopping in Oxford Street, London, or strolling in Stratford-upon-Avon, part of a storied wave of outbound tourists, but China is seeing a drop in tourists from around the world enjoying its delights.
Like many small business startups, bespectacled college graduate Zhang Shilang had a solid idea but no money to follow through.
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