Business

China issues banking rules to strengthen online payment security

China will limit the amount of money consumers can transfer to third-party online payment platforms, aiming to protect banks and consumers from fraud amid an explosion of online and mobile payment transactions. Banks will be obliged to limit how much money an individual can transfer to platforms such as Alibaba Group Holding's... Read More

A man looks at a giant advertising board showing information on second-hand apartments at a real estate exhibition in Shenyang, Liaoning province yesterday. China

A man looks at a giant advertising board showing information on second-hand apartments at a real estate exhibition in Shenyang, Liaoning province yesterday. China's real estate investment rose 16.8% in first quarter of 2014 from a year ago while revenues from property sales dropped an annual 5.2%, the National Bureau of Statistics said on Wednesday. – Reuters, April 18, 2014

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