BEIJING - China's central bank, the People's Bank of China, on Thursday detailed rules on the RMB Qualified Domestic Institutional Investors program, allowing RQDII investors to invest in yuan-denominated assets overseas but banning them from moving yuan out of the country for foreign exchange purchases.
China still has enormous potential for economic growth through the services sector, and is capable of curbing financial risks like the debt of State-owned enterprises and local governments, a senior official said.
China's technology giants are placing a slew of fresh bets on artificial intelligence by investing in startup firms that are set to disrupt the burgeoning sector.
The Belt and Road Initiative is fueling enthusiasm among the Chinese people to pick up a second or third foreign language other than English, according to a report by Hujiang (HJ) Online Class, a leading online course platform.
The relationship between Wales and China after Britain leaves the European Union should be viewed as part of the "international fellowship" and not as an addition to the country's ties with the EU, according to a member of the Welsh government.
China's manufacturing sector showed a further marginal improvement in operating conditions last month, driven by accelerated output, although weaker demand in international markets stagnated exports, according to an unofficial leading economic indicator released on Wednesday.
China's drive to further open up its aircraft manufacturing sector will be a shot in the arm for both the local industry and foreign companies planning to increase their investments, said the newly appointed China CEO of European aircraft manufacturer Airbus SE.
BEIJING - China's surging aviation industry has been creating great opportunities for global companies, especially US giants and many enterprises on the extensive industrial chain.
The Asian Infrastructure Investment Bank announced on Wednesday its board of governors has approved applications from Papua New Guinea and Kenya to join the bank, thus increasing its approved membership to 86.
Mobile payment was the most popular way China's outbound tourists chose to spend their cash during the recent May Day holiday, according to a report from the nation's leading mobile payment service.
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