The PBOC can print yuan as needed. Effectively, this intervention by the PBOC creates a scarcity of U.S. dollars, which keeps the USD rates higher. China hence accumulates USD as forex reserves.

BEIJING, Oct. 22 (Xinhua) -- China's Tianlai Experiment, a scientific project aimed at detecting dark energy using a radio telescope array, has been officially granted "pathfinder" status by the ...

Xinhua, the official news service, noted that instead of referring to China as the “the mainland”, which would suggest that ...

Taiwan's government offered rare details on Tuesday of its wartime food plan, saying it is taking monthly inventories of ...

China on Tuesday announced plans to launch a manned lunar mission, construct a lunar space station and explore habitable planets and extra-terrestrial life to expand its space programme in the ...

China ended a day of military drills around Taiwan on Monday in which it deployed fighter jets and warships in what Beijing ...

China's President Xi Jinping delivers a keynote speech at the opening ceremony of the ninth Forum on China-Africa Cooperation (FOCAC) Summit, at the Great Hall of the People in Beijing, China ...

A newly installed sewage pipeline burst during a pressure test at a road construction site in China. A stomach-churning footage has surfaced on the internet which captured the moment human sewage ...

Cina He's 'More Than A Village' uses the intangible cultural heritage of woodblock printing to reflect climate change and the ...

China insisted on Monday it would never renounce the "use of force" to take control of Taiwan, after ending a day of military ...

China deployed fighter jets and warships to encircle Taiwan on Monday in drills Beijing said were aimed at sending a "stern ...

China deployed fighter jets and warships to encircle Taiwan on Monday, in drills Beijing said were aimed at sending a "stern ...