Chinese Mandarin

The amount of foreign direct investment (FDI) China received in August rose by 1.38 percent to 7.602 billion U.S. dollars, said Yao Jian, spokesman with the Ministry of Commerce (MOC), at a press conference on Wednesday. The August figure brought the FDI inflow to China in the first eight months to about 65.96 billion U.S. [...]

The central parity rate of the yuan, China’s currency Renminbi (RMB), strengthened to a new record Wednesday at 6.725 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. The yuan’s central parity gained 128 basis points, or 0.19 percent, to 6.725 per U.S. dollar Wednesday, beating the previous record [...]

China UnionPay and MasterCard Worldwide announced Tuesday that they have signed a Memorandum of Understanding for future business development. The agreement seeks to set up a cooperation mechanism for both sides and the two companies plan to form working groups to discuss and implement development plans for online payments and other business opportunities. China UnionPay [...]