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Major Russian banks have set up a netting payments system dubbed "The China Track" for transactions with China, aiming to ...
Russia and China have developed a secret banking system to bypass Western sanctions, facilitating trade between the two nations.
The collapse of the Zhongrong trust in China over heavy losses from real estate and property developer defaults has affected ...
China firmly opposes unilateral tariff policies, not only to safeguard its own legitimate interests but also to protect the multilateral system and defend the global trading system, setting an ...
The decision comes amid encouraging first quarter growth figures, with GDP recording a 5.4% rise year-on-year.
China’s currency has weakened to its lowest level since 2007 in the latest sign Beijing is willing to tolerate gradual ...
China and the European Union vowed to jointly uphold the multilateral trading system with the WTO at its core, China's commerce ministry said in a statement released Thursday. The statement came ...
and they're trying to "rebalance" the economy by easing interest rates and adding deposit insurance. The WSJ's Ken Brown explains China's financial system—with some help from claymation.
The aim is to reduce payments' visibility to Western regulators and mitigate the risk of secondary sanctions. Read more at ...
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