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BEIJING - The central banks of China and New Zealand on Friday announced they would renew a reciprocal currency arrangement that would support the settlement of bilateral cross border transactions.

BEIJING - Zhao Hongshun, former deputy director of the State Tobacco Monopoly Administration, has been arrested for taking bribes, according to the Jiangsu Provincial People's Procuratorate.

BEIJING - The trade volume of China's e-book market is expected to reach 33.5 billion yuan (about .34 billion) by 2020, according to a report printed in the People's Daily Tuesday.

BEIJING - The People's Bank of China, the country's central bank, continued to skip open market operations via reverse repos Tuesday, citing reasonably adequate liquidity in the banking system.

BEIJING -- China's mobile phone shipments stood at 26.9 million units in August, down 12.9 percent year-on-year, data from the China Academy of Information and Communications Technology (CAICT) showed.