In August last year, the PBOC issued a three-year development plan for fintech (2019-2021), serving as the nation's first blueprint for its booming fintech sector and aiming to maximize the role of technologies in driving high-quality development of the financial sector.
In August 2019, LiangDao received financial support from the Berlin government to invest into its R&D center in the German capital.
In 2019, the central bank increased its holdings of gold by 2.7 million ounces, to 62.64 million ounces by the end of December, a level that was unchanged from October.
In April 2017, the Central Commission for Discipline Inspection of the Communist Party of China announced that Xiang was being investigated on suspicion of serious violations of the Party's code of conduct.
In 2017, 12 million used cars were sold across China, up 19 percent year-on-year, the latest data from the China Auto Dealers Association showed. Overall sales hit 809.2 billion yuan last year, marking a stellar growth of 34 percent.
In Beijing, home prices in Xicheng and Haidian districts, two areas with clusters of good primary and middle schools, saw sharper decreases than other districts due to new policies to curb school district house speculation.
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In August 2018, the Lianyungang Intermediate People's Court delivered the first judgment in the case, sentencing 11 defendants, including Lin, to prison terms for selling fake drugs. Another was given a suspended sentence and three were exempted from criminal punishment.
In August of the current year, seven cities, including Ningbo, Quanzhou, Dongguan and Chengdong, were selected as new pilot cities, as well as the Pingtan Comprehensive Experimental Area.
In 2017, trade volume between China and countries along the Belt and Road amounted to 7.4 trillion yuan (about .2 trillion), surging 17.8 percent year on year, outpacing the 14.2-percent increase in China's total foreign trade last year, according to the National Bureau of Statistics.
In April 2016, construction began on the world's first ballast track, which is designed for speeds up to 350 kilometers per hour between Beijing and Zhangjiakou. The project is scheduled for completion by the end of 2019 and will shorten the trip between the two cities from the current three hours to just one.