The depreciation of the Japanese yen has created ups and downs in China, both promoting outbound tourism and the value of renminbi and Chinese assets while also presenting some problems for Chinese exporters, said industry experts.
Guangzhou has become China’s first tier-1 city to introduce housing vouchers to compensate residents displaced under urban-renewal efforts. The move could boost demand and revive the local housing market, an analyst says.
A number of banks will officially adjust the two types of deposit interest rates starting today, and some banks will cut them by 55 basis points_Hangzhou Net breakinglatest.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breakinglatest.news Daily Mail and Mail on Sunday newspapers.