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BEIJING, Sept. 11 (Xinhua) -- China's trust sector expanded steadily in the second quarter of this year, industry data showed.The outstanding trust asset value came in at 21.11 trillion yuan (about 3.06 trillion U.S. dollars) at the end of June, up 471.5 billion yuan or 2.28 percent from a year earlier, data from the China Trustee Association showed. On a quarter-on-quarter basis, the asset value was up 948.3 billion yuan or 4.7 percent.In terms of trust investment, 26.37 percent of the money, the largest share of all, went to industrial and commercial enterprises, indicating the sector...
发布时间: 2022 - 09 - 13
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The U.S. decision to continue imposing additional tariffs on Chinese goods amid mounting inflation is bound to inflict more losses on U.S. enterprises and consumers, China's Ministry of Commerce said Thursday.China has always believed that the U.S. Section 301 measures are not conducive to the U.S., China, or the world, said ministry spokesperson Shu Jueting at a press briefing when responding to a related question.
发布时间: 2022 - 09 - 09
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China launched an advance payment solution based on digital yuan smart contracts on Thursday in the latest step to further enhance the e-CNY's role of reducing transaction costs and better protect consumer rights.The Digital Currency Institute of the People's Bank of China, the country's central bank, unveiled the advance payment solution called 'Yuan Steward' on Thursday, which employs digital yuan smart contracts in e-CNY wallets to prevent payees from wrongfully taking prepaid money.A digital yuan smart contract refers to a set of computer programs that automatically exe...
发布时间: 2022 - 09 - 09
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BEIJING, Sept. 7 (Xinhua) -- China's foreign trade sustained growth momentum in the first eight months of the year, a positive indicator of economic recovery, as the government continues to roll out measures to spur economic growth and stabilize foreign trade.China's foreign trade in goods jumped 10.1 percent year on year to 27.3 trillion yuan (about 3.95 trillion U.S. dollars) in the first eight months, official data showed Wednesday.In U.S. dollar terms, total foreign trade came in at 4.19 trillion U.S. dollars in the eight months, up 9.5 percent year on year.Exports rose 14.2 percen...
发布时间: 2022 - 09 - 08
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BEIJING, Sept. 7 (Xinhua) -- China's foreign exchange reserves totaled 3.0549 trillion U.S. dollars at the end of August, down 49.2 billion U.S. dollars from July, data from the State Administration of Foreign Exchange showed Wednesday.'Cross-border capital flows were rational and orderly, and supply and demand in the domestic foreign exchange market remained generally balanced,' said Wang Chunying, deputy director and spokesperson of the administration.Wang attributed the decrease in foreign exchange reserves to factors including exchange rate conversion and asset price changes. O...
发布时间: 2022 - 09 - 08
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