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General Consensus
The US and China have agreed to strengthen their military ties, but their positions on North Korea remain worlds apart
Gravy Train
The rapid expansion of China’s high-speed rail network has seen a growing number of local governments contend for the booming business
Value Judgments
Money can be as unpredictable as the weather. On September 12, 2017, the Chinese yuan finally fell a little against the US dollar in terms of the benchmark central parity price set by China’s central bank each trading day.
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The Fight to Curb China’s Capital Outflows
China stepped up scrutiny of capital outflows while the yuan was facing depreciation pressures. But other considerations have also underwritten the government’s moves, and investors’ incentives
ICO Financing Banned
The People’s Bank of China (PBOC), alongside six ministries, released a document on September 4 banning ICOs (initial coin offerings) nationwide.
Shocking
An undercover investigation by independent consumer group Lanmei Test found five top hotels in Beijing, including the Hilton Beijing and Shangri-La Beijing, had failed to change bed sheets and clean toilets between guests.