China's holding of US Treasuries climbed to a 11-month high of $1.17 trillion in July, marking the sixth consecutive month of growth, along with the expansion of the foreign exchange reserve and a strengthened renminbi.
US President Donald Trump's forthcoming visit to China might lead to breakthroughs in trade and economic relations between the two countries and there is "a good chance" that the US will drop the 301 investigation against China, a former US trade negotiator said.
China's crackdown on bitcoin exchanges is a sign that the top regulator no longer tolerates cryptocurrency trading in the country as it has fueled illegal fundraising and cross-border money laundering, experts told China Daily.
China Aerospace Science and Technology Corp, the nation's defense industry conglomerate, has vowed to answer the government's call to complete key internal corporate reforms by the end of this year.
China welcomes foreign oil and gas companies to continue investing in the country as the undergoing oil and gas industry reform is believed to bring more opportunities for cooperation.
Investment in infrastructure and manufacturing will continue to be the key engine for the BRICS countries - Brazil, Russia, India, China and South Africa - to enhance regional connectivity and stimulate trade activities, business leaders said on Monday.
China's insurance regulator said on Monday it will intensify regulation of outbound and real estate investment, a move to prevent valuation risks abroad and guarantee the stability of the nation's foreign exchange reserves.
The Ministry of Commerce said on Monday that the European Union's recent decisions on tariffs on Chinese solar panels were a positive step toward market normalization, and it hopes that the EU will completely scrap such measures.
BANGKOK - Thailand will start construction of the first phase of the Thailand-China railway project in October, or no later than November, once the environmental impact assessment report is approved, Thai Minister of Transport Arkhom Termpittayapaisith said in an interview with Xinhua.
China is accelerating plans to open up the financial industry with leading policymakers pledging to relax foreign investment rules to counter the decline of capital inflows.
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Raymond Zhou
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