China to cut transaction fees to invigorate market entities

China will reduce a total of 24 billion yuan (about 3.7 billion U.S. dollars) of payment fees every year to invigorate the economy through a slew of fee cuts measures unveiled recently, a central bank official said Thursday.

July 9, 2021

China's central bank confident of expanding digital yuan program

China's central bank said Thursday it is confident of continuing to expand the pilot program of digital yuan for which the upcoming Beijing Winter Olympics will be an important test scenario.

July 9, 2021

China rolls out fee cuts to boost real economy

Chinese authorities have rolled out fresh measures to cut fees on transactions and payment services as part of efforts to ease the burdens on market entities and boost the real economy.

June 25, 2021