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China's top banking regulator has approved the commencement of business of the first direct bank that will operate as an independent legal entity in China.
China's policies of upgrading its industry to higher value-added products and redirecting exports through the Belt and Road Initiative are important ways to prepare for the inevitable currency shocks to come.
Chinese A-share IPOs decreased in the first half of the year both in number and value terms, with estimates putting the year's total financing at 200 billion yuan ( billion), according to a PwC report released on Tuesday.
China's total vehicle sales stood at 23.11 million in the first 11 months of the year, down 9.1 percent year-on-year, according to statistics from the China Association of Automobile Manufacturers.
China's surveyed unemployment rate in urban areas stood at 5.3 percent in October, 0.1 percentage points lower than that of September, said the NBS, as the country has been giving priority to stabilize employment and ensure living standards this year.
来源：资阳报