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Tag: payments

China cuts holdings of US Treasury debt in January, ending 2-month rise

wangxiao04/14/20240

A teller counts U.S. dollar bills at a bank in Qionghai, south China\’s Hainan Province. Photo: Xinhua
China\’s holdings of US Treasury debt fell to $797.7 billion in January, ending a two-month increas

China cuts holdings of US Treasury debt in January, ending 2-month rise

wangxiao04/12/20240

A teller counts U.S. dollar bills at a bank in Qionghai, south China\’s Hainan Province. Photo: Xinhua
China\’s holdings of US Treasury debt fell to $797.7 billion in January, ending a two-month increas

China cuts holdings of US Treasury debt in January, ending 2-month rise

wangxiao04/11/20240

A teller counts U.S. dollar bills at a bank in Qionghai, south China\’s Hainan Province. Photo: Xinhua
China\’s holdings of US Treasury debt fell to $797.7 billion in January, ending a two-month increas

China cuts holdings of US Treasury debt in January, ending 2-month rise

wangxiao04/08/20240

A teller counts U.S. dollar bills at a bank in Qionghai, south China\’s Hainan Province. Photo: Xinhua
China\’s holdings of US Treasury debt fell to $797.7 billion in January, ending a two-month increas

Nation\’s growth target seen as achievable, appropriate

wangxiao04/02/20240

This aerial photo taken on June 10, 2023 shows the night view of the urban areas in Guangzhou, South China\’s Guangdong province. [Photo/Xinhua]
A moderately rapid growth of around 5 percent annually i

RMB moves up in global payments in November: SWIFT

wangxiao12/27/20230

BEIJING, Dec. 21 (Xinhua) — The Chinese currency renminbi (RMB), or the yuan, climbed one position to become the fourth most active currency for global payments by value in November 2023, with a shar

No evidence of forced labor at Volkswagen\’s Xinjiang plant, say auditors

wangxiao12/27/20230

BERLIN, Dec. 6 (Xinhua) — External auditors hired by German carmaker Volkswagen found no evidence of forced labor at the company\’s plant in China\’s Xinjiang Uygur Autonomous Region, the company annou

IMF reaches staff-level deal with Kenya for release of 682 mln USD loan

wangxiao12/27/20230

NAIROBI, Nov. 16 (Xinhua) — The International Monetary Fund (IMF) said Thursday it has reached a staff-level agreement with Kenya, paving the way for the release of 682.3 million U.S. dollars loan ea

Heavyweight policy boost for China\’s private economy

wangxiao12/27/20230

BEIJING, Nov. 13 (Xinhua) — China has blazed new trails for the country\’s private economy against the backdrop of sluggish world economic recovery, aiming to boost the development of a sector that is

Explainer: Why U.S. fiscal deficit keeps growing?

wangxiao12/27/20230

WASHINGTON, Nov. 6 (Xinhua) — Recently released data showed that U.S. federal deficit in fiscal year 2023 expanded significantly, with already elevated U.S. debt piling up. Why U.S. budget deficit ke

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