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Chinese consumers are more inclined to immediate purchases with slightly less willingness to delay spending, according to a report on consumers' financial literacy released on Wednesday.
Chinese Vice President Wang Qishan on Sunday said that China adheres to peaceful development and firmly supports multilateralism.[Photo/CCTV.com]
Chinese commercial banks reported a significant drop in net foreign exchange sales in the first quarter as cross-border capital flows stayed balanced and stable, the country's forex regulator said.
Chinese regulators have begun to clamp down on internet financing and peer-to-peer lending after some of the scores of nascent online loan outfits that have sprung up in past years fell under suspicion of perpetuating Ponzi schemes. Chao, a former PricewaterhouseCoopers auditor, said he welcomed government intervention as it would help normalize a saturated market. In an encouraging sign, Sina Pay-which its users employ to pay for services onlineis already gaining traction, he said.
Chinese courts have applied technologies into their case handling and have built three internet courts since 2012 to offer more convenience to litigants and to improve judicial efficiency and transparency, the paper said.
来源：资阳报