China’s Payment Apps, the Nightmares of U.S. Bankers

Many Americans traveling to China will find something unusual: in restaurants, shops and markets, when they are ready to pay, people will take out mobile phones instead of credit cards. Nowadays, the Chinese people...

China to Release Favorable Policies for Full Employment and Stable Growth

On July 23th, Chinese Premier Li Keqiang presided over an executive meeting, during which the State Council decided that China will press ahead with industrial restructuring and integrating fiscal and financial measures in its...

Talks over China-Panama Free Trade Agreement Lead to Latin America Trading Hub

Panama and China launched free trade talks on July 9 with the aim of developing an agreement to turn the Central American country into the center for Chinese goods across Latin America. It is...

China and UK to Together Safeguard Free Trade

The 9th China-UK Strategic Dialogue was held in Beijing and co-chaired by Chinese Foreign Minister Wang Yi and his British counterpart, Jeremy Hunt. At the dialogue, they discussed joint efforts to safeguard multilateralism and...

Mid-Year Outlook of China B2B E-Commerce Business Models: What’s New in 2018?

China has become the major player of world’s e-commerce market. Surprisingly, we’ve seen successive 26 percent annual growth rate of Chinese e-commerce transaction over the past five years, equal to 4 times of China...

China Leaps in Nuclear Power Industry

On June 29, the world’s first EPR stationed in Taishan, a coastal county-level city in South China’s Guangdong province, was connected to national electric grid. And on June 30, the world’s first AP 1000...

China Makes Deal With Bangladesh to Finance Padma Bridge Rail Link

Bangladesh signed earlier this month a nearly 3-billion-U.S. dollar loan deal with China's Exim Bank to construct the Padma Bridge rail link project. The project, when finished, will diminish the traveling time from Dhaka to Kolkata, the...

China Strives for More Pricing Power Over Oil

China launched last Monday trading of the yuan-priced crude oil futures contracts at the Shanghai International Energy Exchange (INE), taking its first steps towards paying for imported crude oil in yuan instead of the US...

2018-2022 China Cross-border E-commerce Transaction Forecast

China has become the largest e-commerce market in the world, accounting for over 40% of the global transaction. Local news released that Chinese cross-border e-commerce transaction reached $1.01 trillion in 2016, the figure surpassed...

China on the Blockchain: World’s First All-Blockchain Commodity Trade Completed Here

Chinese petrochemical company Sinochem Energy Technology Co. Ltd., the subsidiary of Sinochem Corporation has successfully completed world’s first all-blockchain commodity trade in 2018. The shipment of gasoline export departure from Quanzhou to Singapore marks the...

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EU and Japan Sign Free Trade Agreement

The European Union(EU) and Japan signed an agreement on tariff reduction on Tuesday. According to the deal, 99 percent of the tariffs on Japanese...