China's annual Spring Festival travel rush, also known as chunyun, kicked off on Friday, and saw tens of millions of people rush to take trains, planes and other packed vehicles to reunite with their friends and families on the first day. Red lanterns, Chinese knots and bamboo dragons...More

China's central bank and other government agencies on Monday announced 25 measures to step up financial support for the country's private sector, including efforts to diversify financial channels for private businesses, in yet another crucial step to boost the private economy amid challenges. The latest measures came as...More

China's economic growth will remain at a moderate rate for at least the next five to 10 years, Liu Shijin, former vice minister of the Development Research Center of the State Council and member of the Monetary Policy Committee of the People's Bank of China, told the Global...More

China will unswervingly deepen economic reform and focus on solving prominent problems faced by private enterprises in order to promote the growth of the private economy, said a leading official with the country's top economic planner, as government agencies express support for the healthy development of the private...More

The People's Bank of China (PBC), the central bank, is preparing for a digital currency, with various tests proceeding in different regions of China as the country develops more digital currency applications. Sun Guofeng, an official with the PBC, said Tuesday at a regular press conference that the...More

The Digital Currency Research Institute of the People's Bank of China (PBC), China's central bank, has said that the research and development work of China's official digital currency, dubbed as DC/EP, is proceeding steadily, and the internal pilot tests are carried out in four cities and will be...More

Beijing. Financial experts in China have called for China's central bank to reduce its benchmark deposit interest rates "as soon as possible" after the US Federal Reserve's surprising 100-basis-point rate cut overnight, as China's economic downturn - worsened by the coronavirus - raises demands for stronger policy stimulus....More

The Second Belt and Road Forum for International Cooperation (BRF) ended Saturday in Beijing. Leaders who attended the forum signed a joint communiqué and reached several achievements. The forum further expanded the influence of the Belt and Road Initiative (BRI) and boosted people's confidence in this cooperation mechanism....More