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Articles by Wu Yu
1st LD-Writethru: China approves Visa subsidiary application to establish bank card clearing institution
BEIJING, Oct. 13 (Xinhua) -- China's central bank announced on Tuesday that it has approved an application from a subsidiary of U.S. payment giant Visa to set up a bank card clearing institution in China, a step forward in the country's financial opening up. Visa Information Technology (Beijing) Co. Ltd. is required to complete its preparations within a year, after which it can apply to commence operations, the People's Bank of China (PBOC) said.
Is the First Rate Hike of the 'Warsh Era' Coming? Wall Street Has Calculated Three Scenarios
The real focus of the Federal Reserve meeting is not the nearly fully priced-in 25 basis point rate hike, but whether Warsh can regain control of the policy narrative, which is key to shifting the pricing logic of U.S. stocks, bonds, currencies, and gold. Written by: Wu Yu, Jin Ten Data At 2:00 AM Beijing time on Thursday, the Federal Reserve's FOMC will announce its interest rate decision and economic projections summary.
Rare Meeting During Fed's Quiet Period Sparks Controversy Over Bowman and Powell's Schedules
The Federal Reserve's public schedule shows that Michelle Bowman and Jerome Powell attended banking-related events a week before the FOMC meeting. It is reported that these events did not discuss monetary policy, but the revelation coincides with renewed pressure from Trump on the Fed.
China rainfall erosivity (2015–2023): A new annual dataset inferred from national hourly meteorological station records
Abstract Rainfall erosivity (R-factor) is a critical parameter for soil loss prediction and ecological risks assessment, yet its quantification is often limited by the coarse temporal resolution of available precipitation data. While high-frequency observations provide a more accurate characterization of rainfall kinetic energy, a national-scale assessment of the uncertainties induced by these varying data resolutions in China has been lacking.
Greening the lifecycle: China's forward-looking environmental law
A worker walks near wind turbine blades at the Mingyang North Smart Energy factory near Baotou in northern China's Inner Mongolia Autonomous Region, June 13, 2026. /CFP A worker walks near wind turbine blades at the Mingyang North Smart Energy factory near Baotou in northern China's Inner Mongolia Autonomous Region, June 13, 2026. /CFP Editor's note: Wu Yu, a special commentator for CGTN, is an associate professor at the Research Institute of Environmental Law under Wuhan University in China.
Knowledge, Attitude and Practice Survey of Hospitalized Patients on Causes and Prevention of Deep Venous Thrombosis: A Cross-Sectional Study Using Structural Equation Modeling
Introduction Deep venous thrombosis (DVT) refers to the formation of thrombi in the deep veins, most commonly in the lower extremities.1 A report in 2021 estimated approximately 1,220,000 annual cases of DVT in the USA.2 In Europe, the incidence is around 1–2 per 1000 person-years;3 while in Asia, the rate is relatively lower, with 0.2 per 1000 person-years reported in South Korea.4 Acute DVT can lead to life-threatening conditions, such as pulmonary embolism (PE).5 Beyond the acute phase,...
China's yuan loans grow 5.61 trln yuan in first two months Original
發布於 16小時前 • Wu Yu,Han Xiao,Ren Jun,wangwen（yidu）已訂閱訂閱 BEIJING, March 13 (Xinhua) -- China's yuan-denominated loans rose 5.61 trillion yuan (about 812.96 billion U.S. dollars) in the first two months of the year, central bank data showed on Friday. At the end of February, outstanding yuan loans amounted to 277.52 trillion yuan, up 6 percent year on year, according to the People's Bank of China.
Xinhua News | China's central bank to support cross-border RMB interbank financing business Original
China's central bank on Thursday said that it will support domestic banking financial institutions to engage in cross-border RMB interbank financing business with overseas institutions. #XinhuaNews
AI unlocks new vitality for 2026 Chinese Spring Festival consumption Original
This photo taken on Nov. 6, 2025 shows the launch of Alibaba's open-source foundational large language model Qwen in Wuzhen, east China's Zhejiang Province. (Xinhua/Huang Zongzhi) BEIJING, Feb. 10 (Xinhua) -- As the 2026 Chinese Spring Festival approaches, artificial intelligence (AI) is reshaping holiday consumption through predictive services, seamless transactions and personalized experiences, fueling a fresh wave of economic vigor. On Feb.
China tightens regulation of virtual currencies, real-world asset tokenization
BEIJING, Feb. 6 (Xinhua) -- Chinese authorities on Friday announced moves to strengthen regulatory oversight for virtual currencies and real-world asset (RWA) tokenization to prevent and resolve related risks, warning that related speculation activities have recently disrupted economic and financial order and endangered people's property security.
China's yuan loans grow by 16.27 trln yuan in 2025 Original
File photo shows an exterior view of the People's Bank of China in Beijing, capital of China. (Xinhua/Peng Ziyang) BEIJING, Jan. 15 (Xinhua) -- China's yuan-denominated loans rose by 16.27 trillion yuan (about 2.32 trillion U.S. dollars) last year, central bank data showed on Thursday. Of this total, household loans increased by 441.7 billion yuan, while loans to enterprises and public institutions grew by 15.47 trillion yuan, according to the People's Bank of China.
Update: China's loan prime rates remain unchanged Original
BEIJING, Dec. 22 (Xinhua) -- China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3 percent Monday, unchanged from the previous month. The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 3.5 percent, according to the National Interbank Funding Center. LPRs reflect the level of financing costs for households and businesses.
China's central bank authorizes DBS as first Singapore-based RMB clearing bank
BEIJING, Dec. 15 (Xinhua) -- The People's Bank of China (PBOC) on Monday announced that it has authorized DBS Bank to serve as the renminbi (RMB) clearing bank in Singapore, in line with a cooperation memorandum between the PBOC and the Monetary Authority of Singapore. DBS Bank is the first Singapore-based bank to be appointed as an RMB clearing bank.
"Cherry Express" from Chile to amply supply China's New Year market Original
File photo shows workers process cherries at a factory in Mostazal, Chile, Dec. 13, 2024. (Photo by Jorge Villegas/Xinhua) SHANGHAI, Dec. 15 (Xinhua) -- Shanghai, China's busiest port, is gearing up for a record influx of Chilean cherries, with over 250,000 tonnes expected to arrive before the Chinese New Year in February next year, the municipal customs authorities said Monday.
China's central bank injects liquidity through multiple tools in November
BEIJING, Dec. 2 (Xinhua) -- The People's Bank of China (PBOC), the country's central bank, injected liquidity into the market using multiple tools in November, it said in a statement on Tuesday. The PBOC injected 1 trillion yuan (about 141.2 billion U.S. dollars) through its medium-term lending facility (MLF) over the last month and withdrew 900 billion yuan, resulting in a net injection of 100 billion yuan, the bank said.
China central bank facilitates RMB donations to support Hong Kong residential complex fire relief efforts Original
BEIJING, Nov. 29 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, has opened a "green lane" for RMB donations originating in the mainland to ensure that these money donations instantly reach the recipient account in Hong Kong following a fatal blaze at a residential complex there.
China's BDS empowering industries via "spatio-temporal services" Original
CHANGSHA, Nov. 7 (Xinhua) -- China's BeiDou Navigation Satellite System (BDS) is integrating into key industries by giving full play to its ever-enhancing capabilities regarding "spatio-temporal services." Industry insiders say that the BDS is becoming a new engine which propels industrial upgrading and promotes high-quality economic development, making its "spatio-temporal services" sustain both the transformation of traditional industries and the thriving of emerging sectors.
Economic Watch: Forum sheds light on China's financial policy priorities for coming years
BEIJING, Oct. 28 (Xinhua) -- The Annual Conference of Financial Street Forum 2025 is taking place in downtown Beijing from Oct. 27 to 30, with eminent guests participating in heated discussions on a broad range of topics, including global economic development trends, financial governance, fintech, green innovation, and risk control and supervision.
China's digital RMB transactions top 14.2 trillion yuan
BEIJING, Oct. 28 (Xinhua) -- China's digital RMB ecosystem has been established in preliminary terms, with cumulative transactions reaching 14.2 trillion yuan (about 2 trillion U.S. dollars) by the end of September 2025, according to the People's Bank of China (PBOC). The digital RMB pilot program, which now covers 26 localities across 17 provincial-level regions in China, has formed replicable application models in fields such as retail and public services.
China to step up high-quality financial services for real economy Original
BEIJING, Oct. 26 (Xinhua) -- China will enhance high-quality financial services to better support the real economy, according to a report on the country's financial work submitted for deliberation on Sunday to the Standing Committee of the National People's Congress, the country's top legislature. Since November 2024, the financial sector has strengthened support for the real economy, the report said.
Shanghai Port exported over 2 mln vehicles in January-September Original
SHANGHAI, Oct. 25 (Xinhua) -- Shanghai Port exported 2.05 million vehicles in the first three quarters of 2025, marking a 15 percent year-on-year increase and accounting for over one-third of China's total auto exports during the period, according to Shanghai Customs. The Waigaoqiao port area in the city's Pudong New Area has handled over 1 million vehicle exports annually for four consecutive years.
Shanghai's foreign trade up 5.4 pct in Jan.-Sept. Original
SHANGHAI, Oct. 22 (Xinhua) -- Shanghai's imports and exports totaled 3.34 trillion yuan (about 470.7 billion U.S. dollars) in the first three quarters of 2025, up 5.4 percent year on year, local customs authorities said on Wednesday. The growth rate increased by 0.9 percentage points compared to the Jan.-Aug. period. Exports in the first nine months climbed 11.3 percent to 1.48 trillion yuan, while imports rose 1.1 percent to 1.86 trillion yuan, according to data from Shanghai Customs.
First batch of exhibits for 8th CIIE arrives in Shanghai from Germany Original
SHANGHAI, Sept. 26 (Xinhua) -- The first batch of exhibits for the 8th China International Import Expo (CIIE) arrived at Shanghai Pudong International Airport from Frankfurt, Germany, on Friday, according to the Shanghai Customs. The shipment, consisting of 279 items, ranging from apparel and luggage to equestrian gear, includes several products making their global and regional debuts.
China's financial sector reports remarkable progress over 14th Five-Year Plan period Original
BEIJING, Sept. 23 (Xinhua) -- China's financial sector has achieved remarkable progress during the 14th Five-Year Plan period (2021-2025), with banking assets nearing 470 trillion yuan (66.2 trillion U.S. dollars) at the end of June this year to rank first globally.
Streamlined customs boost sales at Shanghai's tax refund shops Original
SHANGHAI, Sept. 12 (Xinhua) -- The number of tax refund shops in Shanghai has nearly doubled over the past year, thanks to convenient customs measures that have also driven a significant rise in sales, according to the Shanghai Customs and the municipal commission of commerce. As of the end of August this year, the number of tax refund shops in Shanghai had increased from 777 at the end of last year to over 1,530, covering all 16 districts of the city.
China, Indonesia launch new local currency settlement framework
BEIJING, Sept. 11 (Xinhua) -- The central banks of China and Indonesia on Thursday officially launched a local currency settlement framework for bilateral transactions, aiming to facilitate the further use of local currencies in bilateral trade and investment. The new framework is based on a memorandum of understanding signed in May this year, which upgraded a previous cooperation framework by expanding the scope of local currency settlements to cover all balance-of-payments items.
China's central bank to conduct 700-billion-yuan outright reverse repo operation Original
BEIJING, Aug. 7 (Xinhua) -- The People's Bank of China (PBOC), the country's central bank, said on Thursday that it will conduct a 700-billion-yuan (about 98.11 billion U.S. dollars) outright reverse repo operation on Friday, to maintain ample liquidity in China's banking system. This operation will carry a three-month tenor and be conducted using a fixed-quantity, interest-rate-bidding and multiple-price-bidding method, according to the PBOC statement.
Paw patrol faces big test in Shanghai
32 trained dogs just took their "official exam" for joining frontline inspections at airports and mail centers. #CustomsDogs #ShanghaiCustoms #DogSquad #PawPatrol #WorkingDogs
Shanghai Port posts 13 pct growth in auto exports in H1 Original
SHANGHAI, July 17 (Xinhua) -- Automobile exports via the Shanghai Port surpassed 1.27 million units in the first half of this year, marking a 13 percent year-on-year increase and accounting for 36.7 percent of China's total auto exports during the period, data from the Shanghai Customs showed. The port saw auto export volume surge from 379,000 units in 2020 to 2.39 million in 2024, representing an average annual growth rate of 58.4 percent.
China's pizza market to exceed 100 billion yuan within 5 years: report Original
SHANGHAI, May 21 (Xinhua) -- China's pizza market is projected to surpass 100 billion yuan (about 13.9 billion U.S. dollars) over the next five years, driven by rapid growth in lower-tier cities and rising demand for delivery and ready-to-eat products, according to an industry report. The market is forecasted to grow from 48 billion yuan in 2024 to 60.8 billion yuan in 2025, said the report released at the ongoing SIAL Shanghai, an international food exhibition.
Chinese, Brazilian central banks sign MOU to enhance financial strategic cooperation
BEIJING, May 13 (Xinhua) -- The central banks of China and Brazil on Tuesday inked a memorandum of understanding (MOU) on financial strategic cooperation, according to the People's Bank of China (PBOC). The PBOC said that the signature of the MOU will facilitate cooperation between China and Brazil in areas such as investment environments, financial technical exchange, financial infrastructure, local currencies and payments.
China to facilitate increased cross-border financial services in Shanghai Original
BEIJING, April 21 (Xinhua) -- China will take more steps to further facilitate cross-border financial services in Shanghai by leveraging the municipality's role as an international financial center, according to a plan jointly issued by the central bank, the Shanghai municipal government and other financial authorities.
Economic Watch: Capital flows from listed banks demonstrate China's economic dynamism
BEIJING, April 2 (Xinhua) -- The recently released 2024 annual reports of China's listed banks highlight the diverse dynamics of China's economic development, as banks, serving as the primary channels for corporate and household financing, in their capital underscore the economy's growth momentum. KEY SECTORS IN FOCUS: TECH FIRMS ATTRACTING MAJOR CAPITAL Data from annual reports indicate that over the past year, listed banks have continued to expand credit issuance to support the real economy.
Sleep chronotype of middle school students in Shenzhen and its association with mental health
Record: found Abstract: found Article: found Is Open Access Author(s): , , , , , , , Publication date (Electronic): Keywords: , , , There is no author summary for this article yet. Authors can add summaries to their articles on ScienceOpen to make them more accessible to a non-specialist audience.
Foreign visitors experience China's improved mobile payment environment over Spring Festival Original
BEIJING, Feb. 6 (Xinhua) -- Foreign visitors in China experienced a smoother, more convenient travel environment during this year's Spring Festival, thanks to improvements to the country's mobile payment systems. The latest data from the People's Bank of China shows that the volume of transactions made by international tourists during the Chinese New Year holiday, which ran from Jan. 28 to Feb. 4 this year, surged significantly from last year.
Analysis of ACE-inhibitory peptides in douchi based on NanoLC-Orbitrap-MS
在这里添加一些文本 RIS (ProCite, Reference Manager) BibTeX Analysis of ACE-inhibitory peptides in douchi based on NanoLC-Orbitrap-MS RAN Haoyu, YANG Shen, WU Yu, ZHOU Xuhao, YANG Haozhi, YIN Liguo, ZHU Wenyou, LI Cen, YAN Yan Food and Fermentation Industries ›› 2025, Vol. 51 ›› Issue (21) : 365-371. Food and Fermentation Industries ›› 2025, Vol. 51 ›› Issue (21) : 365-371.
China to increase finance support for green, low-carbon development: central bank official
BEIJING, Jan. 8 (Xinhua) -- China's financial sector will promote the steady growth of green finance in support of green and low-carbon development, as the world's second-largest economy presses ahead with building a beautiful China, a central bank official said at a conference on Wednesday.
China's central bank opens "green lane" for allocating funds to quake-hit Xizang
BEIJING, Jan. 7 (Xinhua) -- The People's Bank of China, China's central bank, has opened a "green lane" through which State treasury funds can be quickly allocated for disaster relief in the Xizang Autonomous Region following an earthquake there. The central bank said that the sub-treasury in the city of Xigaze in Xizang has allocated 400 million yuan (about 55.6 million U.S. dollars) of disaster relief funds to Dingri County and Lnaze County as of 6 p.m. Tuesday.
La Chine dévoile des pièces commémoratives pour célébrer le prochain Nouvel An chinois
La banque centrale chinoise émettra une série de pièces et de billets commémoratifs pour célébrer le prochain Nouvel An chinois, qui tombera le 29 janvier 2025. La série se compose d'une pièce en or, d'une pièce en argent, d'une pièce en alliage de cuivre et d'un billet. L'émission débutera le 16 décembre 2024, selon la Banque populaire de Chine. Les pièces sont ornées d'éléments chinois traditionnels de bon augure, symbolisant le bonheur et les bénédictions.
Shanghai accueille le premier groupe de passagers japonais exemptés de visa
La métropole de Shanghai, dans l'est de la Chine, a accueilli samedi son premier groupe de 26 ressortissants japonais, arrivés dans le cadre d'une nouvelle politique d'exemption de visa, ont annoncé dimanche les douanes de Shanghai. Les passagers, voyageant sur le vol JL891 en provenance de Tokyo, sont arrivés à l'aéroport international Pudong de Shanghai et ont rempli les formalités douanières en 30 minutes, selon les douanes.
With Powell's allies making a significant statement, a December rate cut seems highly likely.
Author: Wu Yu, Jinshi Data Over the past month, Federal Reserve officials have publicly engaged in sharp disagreements regarding the likely direction of the economy and the appropriate level of interest rates. These public debates have led economists and market participants to widely doubt whether there is sufficient internal support within the Fed to cut interest rates again at the upcoming policy meeting on December 10.
New players enter the market: prediction platform Kalshi enters the precious metals perpetual futures market.
Author: Wu Yu, Jinshi Data The US prediction market platform Kalshi is expanding its perpetual futures business from cryptocurrencies to traditional asset markets, targeting precious metals such as gold, silver, and platinum. According to reports, Kalshi has submitted an application to the US Commodity Futures Trading Commission (CFTC) to launch perpetual futures contracts linked to precious metals. According to regulatory procedures, the CFTC will decide whether to approve it within 45 days.
La Chine et le Pakistan renouvellent leur accord d'échange de devises
La banque centrale de Chine a déclaré mercredi qu'elle avait renouvelé un accord bilatéral d'échange de devises avec la Banque d'Etat du Pakistan. La valeur totale de l'accord est de 30 milliards de yuans (environ 4,21 milliards de dollars), soit 1.180 milliards de roupies pakistanaises, a annoncé la Banque populaire de Chine dans un communiqué publié sur son site Internet. L'accord est valable pour trois ans et peut être renouvelé par consentement mutuel, selon le communiqué.
Xinhua News | Cross-border RMB use up over 20 pct in first eight months of 2024: report
The renminbi (RMB) has been used more frequently in cross-border trade in the first eight months of this year amid the growing presence of the Chinese currency in the global market, a central bank report showed. #XinhuaNews
L'utilisation transfrontalière du RMB a augmenté de plus de 20% au cours des huit premiers mois de 2024 (rapport)
Le renminbi (RMB) a été utilisé plus fréquemment dans les échanges transfrontaliers au cours des huit premiers mois de cette année, alors que la monnaie chinoise est de plus en plus présente sur le marché mondial, selon un rapport publié par la banque centrale.
Cross-border RMB use up over 20 pct in first eight months of 2024: report Original
BEIJING, Oct. 5 (Xinhua) -- The renminbi (RMB) has been used more frequently in cross-border trade in the first eight months of this year amid the growing presence of the Chinese currency in the global market, a central bank report showed. The People's Bank of China's 2024 report on the internalization of RMB reported that cross-border RMB payments and receipts expanded 21.1 percent year on year to 41.6 trillion yuan (5.94 trillion U.S. dollars) in the January-August period.
2nd LD-Writethru: China unveils raft of measures to stabilize property market
BEIJING, Sept. 29 (Xinhua) -- The People's Bank of China and the National Financial Regulatory Administration rolled out a wave of policies on Sunday to stabilize the real estate market. The mortgage rates for first homes, second homes and more are required to be reduced no lower than 30 basis points below the loan prime rate (LPR) by Oct. 31, 2024 to ease financial burdens on property owners. In principle, 18 national commercial banks need to release their plans for adjustments before Oct. 12.
La Chine réduit le taux d'intérêt des prises en pension à sept jours
La banque centrale chinoise a réduit vendredi le taux d'intérêt des prises en pension à sept jours de 1,7% à 1,5%. Cette mesure vise à intensifier l'ajustement anticyclique de la politique monétaire et à soutenir la croissance économique stable du pays, selon un communiqué de la Banque populaire de Chine.
La Chine créera de nouveaux outils de politique monétaire pour soutenir le marché boursier
La banque centrale chinoise créera de nouveaux outils de politique monétaire pour soutenir le développement stable du marché boursier, a déclaré mardi le gouverneur de la banque centrale. La banque centrale établira un programme de swap pour les titres, les fonds et les sociétés d'assurance afin de permettre l'obtention de liquidités de la banque centrale en utilisant des actifs comme garanties, a déclaré Pan Gongsheng, gouverneur de la Banque populaire de Chine, lors d'une conférence de presse.
Les institutions financières chinoises rapportent une croissance de 7% du total des actifs
Le total des actifs des institutions financières chinoises a atteint 480.640 milliards de yuans (environ 68.030 milliards de dollars) fin juin cette année, selon des données publiées par la banque centrale du pays vendredi. Ce chiffre représente une augmentation de 7% en base annuelle, a déclaré la Banque populaire de Chine.
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