© Bloomberg. An employee arranges genuine bundles of U.S. one-hundred dollar banknotes and Chinese one-hundred yuan in an arranged photograph at the Counterfeit Notes Response Center of KEB Hana Bank in Seoul, South Korea, on Monday, Aug. 14, 2017. China’s factory output and investment slowed somewhat in July, according to data released today, yet the
Chinas
© Reuters. FILE PHOTO: Chinese 100 yuan banknotes in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing By Vivek Mishra BENGALURU (Reuters) – China’s yuan is still expected to breach the key 7-per-dollar mark within six months as a dimming economic growth outlook is likely to
© Reuters. Investing.com – The Japanese yen gained on Wednesday in Asia as stock markets traded mostly lower on the first trading day of the new year. The safe-haven yen rose against the dollar, as the pair fell 0.3% to 109.42 by 12:01 AM ET (05:01 GMT), after most Asian stocks traded in the negative
The southern city of Shenzhen is the symbol of the transformative reforms launched by China 40 years ago: former fishing villages that morphed into a global manufacturing hub. Today Shenzhen is again at the heart of a new policy aimed at turning China into a hi-tech innovator and shed its reputation as an assembly line
On the sidewalks of Shanghai and Beijing, once bright-yellow Ofo bicycles lie in varying states of disrepair – chains unhooked, wheels buckled and paint starting to fade – reflecting the quick rise and sharp fall of the Chinese bike-sharing startup. Millions of Ofo users are clamouring for their deposits to be returned and the firm’s
Around 11.7 million customers of cash-stretched Ofo are currently waiting for deposit refunds according to information on its app as of Thursday morning, which means the Beijing-based bike sharing start-up needs to return at least 1.16bil yuan (RM700,000) back to users. Early users of Ofo were asked to pay a 99 yuan (RM60) deposit, which
© Bloomberg. An employee arranges genuine bundles of Chinese one-hundred yuan banknotes at the Counterfeit Notes Response Center of KEB Hana Bank in Seoul, South Korea, on Monday, Aug. 14, 2017. China’s factory output and investment slowed somewhat in July, according to data released today, yet the yuan appeared not to take the data as
BEIJING: China’s new home prices rose 0.9 percent in November from a month earlier, slower than a 1.0 percent increase in the previous month, Reuters calculated from data published on Saturday by the National Bureau of Statistics. On a yearly basis, average new home prices in China’s 70 major cities increased 9.3 percent, accelerating from