China’s latest move to expand its digital yuan operator network by adding a dozen new banks signals an acceleration in the central bank’s push to extend the digital currency’s reach and embed it deeper into the country’s financial infrastructure, according to official sources and experts. The new financial institutions added to the network include seven…
A newspaper dated February 2001 captured the night the Boao Forum for Asia was founded. Twenty-five years on, we return to the same riverside with the same story — seeking to understand what has changed, and what remains unchanged. Through the voices of a former participant, an international observer, and a local witness, Boao unfolds…
BEIJING — Chinese Vice-Premier He Lifeng and Canadian Finance Minister Francois-Philippe Champagne on Friday agreed in Beijing to hold a China-Canada Economic and Financial Strategic Dialogue in the second half of this year. He, China’s lead person in the dialogue, called on the two sides to follow through on the important common understandings reached between…
China’s largest State-owned commercial bank launched on Friday its comprehensive cross-border renminbi financial solutions, highlighting accelerating global momentum behind the currency as investors and policymakers seek alternatives to a single-currency-dominated system amid rising geopolitical uncertainty. The current volatile international economic and political landscape has made it increasingly clear that building a diversified and balanced international…
Tourists browsing hand bracelets and souvenirs at a stall in Ganzhou, Jiangxi province, on Feb 11, 2026. [Photo/Xinhua] China has unveiled a suite of policy measures to boost service consumption in both established sectors, such as elderly and child care and tourism, as well as emerging growth areas, including inbound consumption and live performance, the…
China will pilot computing power bank or supermarket to tackle a growing shortage of computing power, as authorities move to lower barriers for small and medium-sized enterprises to adopt artificial intelligence. The Ministry of Industry and Information Technology outlined a nationwide campaign on Thursday to make computing resources “more accessible, flexible, and affordable” for smaller…
A teller counts cash at a bank in Taiyuan, Shanxi province. [Photo by Zhang Yun/China News Service] China’s top taxation authority will launch a joint special operation this year to intensify its crackdown on tax-related crimes, with a particular focus on high-risk groups including celebrities, livestreamers, and sectors such as medical aesthetics and jewelry. The…
BEIJING — China’s central bank announced Thursday that it has added 12 banks to its list of authorized institutions for digital yuan operations. The move aims to promote the steady development of the digital currency, improve the inclusiveness of its services, and meet public demand for secure, convenient and efficient digital yuan services, according to…
A visitor walks past robots displayed at a humanoid robot innovation center in Wuhan East Lake High-tech Development Zone, also known as the optics valley of China, in Wuhan, Central China’s Hubei province, Dec 4, 2025. [Photo/Xinhua] China is intensifying efforts to optimize its business environment, fuel economic vitality through targeted tax incentives for technological…
China’s Ministry of Commerce made remarks on Thursday regarding Meta’s acquisition of artificial intelligence platform Manus, noting that enterprises engaging in cross-border operations and technological cooperation must comply with Chinese laws and regulations and fulfill statutory procedures. “The Chinese government supports enterprises in conducting cross-border operations and technological cooperation based on business needs,” He Yadong,…