China recently fined several businesses, including a KFC, for refusing to accept cash. These are some of the most established companies in China, showing just how quickly cash has fallen from favor ...
SHANGHAI—For Western companies in China, a new reality has set in: The easy money is gone and competition is only getting fiercer. As China’s economic growth has slowed in recent years, consumers have ...
EDITOR’S NOTE: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Young people used Halloween parades on the ...
On paper, China’s middle class should be spending. Savings are high. Bank deposits are swelling. Interest rates are falling. If anything, conditions look primed for a consumer boom. Instead, something ...
Global companies active in China have come a step closer to realizing long-held ambitions to get cash out of the country more easily and integrate their Chinese treasury operations more fully into ...
China’s leaders vowed to kick-start spending by offering subsidies for households to buy cars and appliances. But many consumers aren’t biting. By Keith Bradsher Reporting from Nanchang and Jingdezhen ...
China’s central bank added a substantial amount of cash into the financial system on Tuesday, in a move that’s seen stabilizing bonds that have come under pressure from investors migrating into ...
China stepped up its support for the economy by pumping the most cash since late 2016 into the financial system with one-year policy loans. The People’s Bank of China offered 1.45 trillion yuan ($200 ...