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By Wang Junling The Chinese currency, RMB, is playing an increasingly significant role in cross-border payments as China gradually improves the quality of its economic development and the level of its openness. According to statistics released by the People's Bank of China (PBOC), the country’s central bank, the total amount…
By Luo Shanshan, Wang Junling Farsighted multinationals don’t want to miss the opportunity to invest and operate in China. Data from China’s Ministry of Commerce (MOFCOM) indicated that China saw 185 newly-added major projects during the first four months of this year, each with foreign investment of over $100 million.…
By Wang Junling A recent State Council executive meeting specified that China will further implement measures to support micro, small and medium-sized enterprises (MSMEs) and self-employed households, in an effort to stabilize the economy, as well as industrial and supply chains. Meanwhile, relevant government departments will adjust their policies promptly…
By Wang Junling China’s National Development and Reform Commission (NDRC), among other government organs, recently approved kicking off the construction of eight national computing hubs and plans to build 10 national-data center clusters. The eight national computing hubs will be built in the Beijing-Tianjin-Hebei region, the Yangtze River Delta, the…