Category Biz

BEIJING, Oct. 12 (Xinhua) — China plans to increase the debt ceiling on a relatively large scale to replace existing hidden debts of local governments and help defuse their debt risks, Minister of Finance Lan Fo’an told a press conference…

BEIJING, Sept. 18 (Xinhua) — China’s commercial banks saw a net forex settlement deficit of 8.7 billion yuan (about 1.23 billion U.S. dollars) in August, official data showed on Wednesday. In yuan terms, forex purchases by banks reached nearly 1.36…