China's fiscal revenue growth slows in August -- China's fiscal revenue increased at a slower pace in August amid government measures to cut taxes and fees, official data showed on September 12. Fiscal revenue rose 4 percent year on year to 1.11 trillion yuan (about 161 billion U.S. dollars) in August, slowing from the 6.1-percent gain in July, according to the Ministry of Finance.
China's new yuan loans fall in August -- China's new yuan-denominated loans stood at 1.28 trillion yuan (about 186.4 billion U.S. dollars) in August, down from 1.45 trillion yuan in July, central bank data showed on September 12. Despite the drop, the amount of new yuan loans was still up 183.4 billion yuan from August last year, the People's Bank of China said in a statement on its website.
China's central bank resumes reverse repo operation after 15-day halt -- China's central bank on September 12 resumed reverse repo operations after 15 consecutive trading days of suspension to maintain liquidity. The People's Bank of China (PBOC) conducted 60 billion yuan (about 8.76 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2.55 percent, unchanged from the previous operation.
Over 527-bln-yuan investment signed at int'l trade fair -- A total of 1,982 cooperation agreements involving an aggregate investment of 527.5 billion yuan (76.7 billion U.S. dollars) have been signed at the 20th China International Fair for Investment and Trade (CIFIT). The four-day event, attracting over 1,000 commercial groups and 5,000 enterprises from 128 countries and regions, concluded on September 11 in Xiamen, southeast China's Fujian Province.
More than 7,000 PPP projects registered in MOF -- At the end of July, 7,867 PPP projects had been registered in a national data bank, seeking a combined investment of 11.8 trillion yuan (1.74 trillion U.S. dollars), according to the China Public Private Partnerships Center under the Ministry of Finance (MOF). Some 3,812 projects have been signed with a total investment of 6.1 trillion yuan, and 1,762 projects have entered into the construction phase with investment totaling 2.5 trillion yuan.
China speeds up railway investment in first 8 months -- China accelerated investment in railway construction in the first eight months of 2018, data from the country's railway operator showed on September 11. Railway investment in the January-August period reached 461.2 billion yuan (67.2 billion U.S. dollars), the China Railway Corporation (CRC) said. The amount accounts for 63 percent of the total railway investment planned for the whole year, up from 56.8 percent for the same period of last year, according to the CRC.
Chinese insurers' premium income drops in first 7 months -- Chinese insurers saw premium income drop 2.4 percent year on year to 2.47 trillion yuan (about 360 billion U.S. dollars) in the first seven months of 2018, according to official data. The decline slightly narrowed from the 3.3-percent decrease seen in the first half of the year. Indemnities paid by insurers totaled 692.3 billion yuan in the first seven months, up 5.1 percent year on year, data from the China Banking and Insurance Regulatory Commission showed.
China's cross-border e-commerce turnover to top USD1.3 trln in 2018 -- China's cross-border e-commerce is forecast to see turnover top 9 trillion yuan (1.3 trillion U.S. dollars) in 2018, according to a report released by the China E-Commerce Association. The report, released on Sunday at the ongoing 20th China International Fair for Investment and Trade (CIFIT), held in Xiamen, east China's Fujian Province, said that the top 10 import sources of China's cross-border e-commerce trade in 2017 were Japan, the United States, the Republic of Korea, Australia, Germany, New Zealand, the Netherlands, France, Britain, and China's Hong Kong Special Administrative Region.
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