The People's Bank of China (PBOC), China's central bank, on Sunday announced that it has inked two Memorandum of Understanding (MoUs) on renminbi (RMB) business with the central banks of Luxembourg and France.

London and the eurozone look set to benefit in the future from increased trade in yuan, as figures Thursday show yet another monthly increase in its use as a global currency.

China's industrial profits continued to rise in the first five months but growth was slightly down from the Jan-April period, still encouraging sign.

The Ministry of Finance announced on Wednesday that the value-added tax rate will be a flat 3 percent for many small businesses, effective July 1.

China's central bank on June 10th outlined areas it will target in providing financial support and implementing reform measures, following its latest move to cut reserve requirements for banks engaged in lending to the agriculture sector and small firms.

[Ferro-alloys.com] China is the world's second largest carbon trading market following the European Union (EU), according to data released on Tuesday.

China's central bank announced on Monday that it will cut the reserve requirement ratio (RRR) by 0.5 percentage points for banks engaged in proportionate lending to agricultural and small firms.

China's exports continued to recover in May amid improving demand in developed countries, which analysts believe will ease concerns over a slowdown and help stabilize growth.