China, Technology and the Environment: Urban, industry growth cloaks parts of China in persistent haze

Haze from urbanization and industrial development is a serious, persistent problem in many parts of China, especially the north, the south and in the middle and lower reaches of the Yangtze River, the Chinese National Meteorological Center (NMC) said recently […]

China Economics

Investing in China: Shanghai to launch plan to use yuan for foreign trading

Shanghai is set to be among the first to implement a pilot program to settle overseas trade using the Chinese RMB yuan to consolidate its international financial hub position, the Shanghai Financial Services Office said recently. Using the yuan as a settlement currency for international trade is a step forward to internationalizing the currency and will also boost Shanghai as an international financial hub. The city is a magnet for overseas financial players, home to the China headquarters of giants such as HSBC and Citigroup. The city also holds the mainland’s bigger stock market, biggest futures market, gold, currency and interbank markets…