By Wang Junling The Ministry of Commerce and the People's Bank of China recently jointly released a notice on further supporting foreign economic and trade enterprises in expanding the cross-border use of RMB to facilitate trade and investment. The notice made deployment in supporting RMB settlement for trading in bulk…
By Wang Junling Chinese multinational technology company Lenovo put into use a manufacturing base in Hungary in June this year, which is able to produce over 1,000 customized servers and 4,000 customized work stations per day. Each production line of the plant is run by 20 to 30 employees and…
By Wang Junling The Chinese currency, RMB, is playing an increasingly significant role in cross-border payments as China gradually improves the quality of its economic development and the level of its openness. According to statistics released by the People's Bank of China (PBOC), the country’s central bank, the total amount…
By Luo Shanshan, Wang Junling Farsighted multinationals don’t want to miss the opportunity to invest and operate in China. Data from China’s Ministry of Commerce (MOFCOM) indicated that China saw 185 newly-added major projects during the first four months of this year, each with foreign investment of over $100 million.…