​G7 agree ‘in principle’ to add Chinese currency to IMF basket

yuan-IMF

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The finance ministers of G7 have supported the inclusion of the yuan in the IMF currency basket. The decision means the yuan has gained international recognition after Beijing was accused of artificially curbing the exchange rate for more than ten years. “We were completely agreed that it is desirable in principle, that the technical conditions […]

China, EU connect to promote digital Silk Road

Digital Silk Road

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The Cyberspace Administration of China (CAC) aims to play a role in promoting the digital and cyber Silk Road, China’s top Internet regulator Lu Wei says at the first China-EU digital cooperation roundtable held on July 6 in Brussels. Following Chinese Premier’s visit to EU headquarters last Monday, Lu’s visit to Brussels is the first […]

China’s Regulations on Gold and Silver Imported by Foreign Experts


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Foreign experts who carry gold, silver – or products made of gold or silver – should declare them to China Customs, and Customs officers are likely to approve reasonable quantities for private use. Items which are over the legal limit will be regarded as imported goods – and the owner must obtain a legal document […]

癩蛤蟆想吃天鵝肉 － A toad wishing to eat swan meat

癩蛤蟆想吃天鵝肉 － A toad wishing to eat swan meat

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It refers to wishful thinking or unrealistic aspirations. This is used to describe someone who cherish foolish and exaggerated ideas. Example: John has neither experience nor qualification, yet he wants to be the director of the team? This is such a toad wishing to eat swan meat!

白紙黑字 – White paper, Black Characters

白紙黑字 - White paper, Black Characters

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It means somethings that has already been confirmed and cannot be changed anymore.   Example: The contract has been signed by both parties. White paper, black characters, you have no chance to renege.