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China Bans Regional Banks from Accepting Cross-border Deposits

The Chinese central bank has prohibited regional banks from accepting deposits from cities where they do not have physical branches, in a...

Shenzhen’s State-owned Assets Authority Grabs 23% Stake in Suning.com

The state-owned assets authority of the Shenzhen municipal government has just acquired a sizeable stake in Shenzhen-listed retail giant Suning.com (苏宁易购) via...

Chinese Mobile Internet Users Hit 986 Million

The latest official data indicates that the number of people in China who access the Internet via their mobile phones is fast...

Chinese Grain Production Rises 0.9% in 2020 to 669.49 Million Tonnes

Grain production in China edged higher in 2020 despite the adverse economic impact of COVID-19.