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Resilience and risks of Chinese economy in transformation

A year ago, economic forecasters at home and abroad bet on the sharp depreciation of the renminbi, or the yuan, in 2017 due to a flagging economy and U.S. rate hikes. But the Chinese currency roaring back in past months has proven them wrong.

Finance

2 years after reform, yuan advances on stable expectations

Two years after China changed its "central parity system" to let the market play a bigger role in exchange rate formation, China's currency stands tall against the U.S. dollar with stabilized market expectations.

Trade

Commentary: Outdated, unilateral U.S. trade tools against China set to hurt both

Doing anything unilateral against China on trade issues is expected to hurt both and produce no winner for the Trump administration.
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China urges EU not to abuse trade remedy measures in tire probe

China is concerned about the EU's anti-dumping probe against Chinese tire products and urges the EU to use trade remedy measures discreetly.
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Companies

China Focus: Alipay, Wechat roll out cashless campaign

Alipay and Wechat Pay, two major third-party mobile payment tools in China, will run campaigns in August to bring more merchants and customers into the cashless world.

Xiaomi overtakes Apple to lead wearable band market

Xiaomi overtook Apple in the global wearable band market in Q2, according to an industry analyst.

Alibaba enters China's housing rental market

Chinese tech giant Alibaba has signed an agreement with its home city government to use the company's technology to create an online system for house rentals.