Chinese Economy

Chinese authorities are ordering domestic bitcoin exchanges to shut down, delivering a heavy blow to once-thriving trading hubs that helped popularize the virtual currency pushing it to recent record highs.

Chinese regulators ordered a halt to all virtual currency trading platforms in the country, acting to further rein in risks related to cryptocurrencies, Caixin learned from a source close to regulators.

China’s export growth slowed as global demand for the country’s products moderated, while imports remained robust as investment at home aided demand.

Chinese Premier Li Keqiang will hold a roundtable meeting with leaders of six major international economic and financial institutions in Beijing next Tuesday, Foreign Ministry spokesperson Geng Shuang said on Wednesday.

China’s war on smog is shaking up the country’s busiest ports, which handle billions of tonnes of cargo a year, forcing Tianjin to overhaul its business as northern rivals snare a greater share of vast coal and iron ore shipments, results show.