With a loan interest subsidy ratio of 1 percent, every 1 yuan (about 14 U.S. cents) of interest subsidy funds is likely to drive 100 yuan of loan funds to be used for residents' consumption or the ...

BEIJING, Aug. 13 (Xinhua) -- Chinese stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 0.48 percent to 3,683.46 points. The Shenzhen Component Index closed 1.76 percent ...

BEIJING, Aug. 13 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 68 pips to 7.135 against the U.S. dollar Wednesday, according to the China Foreign ...