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Taiwan and the Chinese mainland have signed a direct currency clearing memorandum, under which Taiwan banks can start yuan transactions via correspondent banks as long as the island's local authorities approve. Ten Taiwan banks, including Bank of Taiwan, Taiwan Cooperative Bank, and Chinatrust Commercial Bank, have been allowed to establish branches on the Chinese mainland.
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  • By Chen Weihua(China Daily)2017-06-23 09:41

    Harvard University professor Graham Allison had a question for me when I chatted with him last week about his new book: Destined for War: Can America and China Escape Thucydides's Trap? He found that some Chinese are uncomfortable with the word "inevitable" in his description of the Thucydides's Tra...

  • (China Daily)2017-06-14 07:31

    Events and stories coming up in the next few days BRICS Sherpas to meet ahead of Xiamen summit China, which holds the BRICS presidency this year, will host the second BRICS Sherpa meeting in Qingdao, Shandong province, on Wednesday and Thursday. The meeting will be chaired by Vice-Foreign Minister L...

  • (China Daily)2017-06-05 07:50

    A new form of theater, which can be watched on the big screen, is gaining favor among young Chinese audiences. It was announced on Wednesday in Beijing that a new season starting from July will include 23 new titles from various live-theater broadcasting projects from London, Moscow and Broadway. T...

  • (China Daily)2017-06-03 06:51

    Sun Huaishan, a former senior political adviser, has been expelled from the Communist Party of China and dismissed from public office, according to the CPC Central Commission for Discipline Inspection on Friday. Sun, 65, was a former member of the Standing Committee of the Chinese People's Political...

  • (Xinhua)2017-06-01 09:25

    BEIJING - A new form of theater, which can be watched on the big screen, is gaining favor among young Chinese audiences and enriching performing arts in China. On Wednesday, a new season of theater live content, starting from July, was announced in Beijing, including 23 new titles from various theat...

  • (Xinhua)2017-05-24 16:26

    BEIJING - The Export-Import Bank of China (China Exim Bank) said Wednesday it had reached a strategic cooperation agreement with Southeast China's Fujian province, pledging to loan it at least 350 billion yuan ($51 billion) during 2017-2021. The loan will support Fujian on projects covering infrastr...

  • (China Daily)2017-05-23 07:40

    Govt and policies Bank injects money into market China's central bank conducted cash injection via open market operations to ease liquidity on Monday. The People's Bank of China conducted 40 billion yuan ($5.8 billion) of reverse repos. The injection saw a net 30 billion yuan in cash pumped into the...

  • (China Daily)2017-05-20 08:03

    Invited artist and Suzhou embroiderer Yao Huifen said she spent 20 years learning the craft. "My work used to be solely traditional. For this exhibition I engaged in a different process, trying new ways to bring the traditional to the contemporary - it was very enjoyable," she told Xinhua at the beg...

  • By Xu Fan(China Daily)2017-05-18 07:14

    A Chinese remake of Japanese master Yoji Yamada's comedy is banking on its script to draw viewers. Xu Fan reports. Lili Marleen is a Germany song that was popular during World War II. But when actor-turned-director Huang Lei heard it, he decided it would be part of his directorial debut, What a Wond...

  • (China Daily)2017-04-21 07:21

    Beijing 30 telecom fraud suspects arrested Police have arrested 30 suspects involved in a major cross-border telecom and internet fraud case, according to the Ministry of Public Security on Wednesday. The suspects mimicked the phone numbers of public security organizations and pressured victims into...

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