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  • 【Financial Str. Release】China vows to stem disorderly expansion of capital in financial sector

    China Banking and Insurance Regulatory Commission (CBIRC), the sector regulator, said in a meeting held Monday to strictly prevent capital from disorderly expansion in financial sector, reported Wednesday by Xinhua Finance, a financial news and information outlet operated under Xinhua News Agency.

    January26,2022


  • China, Israel vow to promote more fruitful innovation cooperation

    Chinese Vice President Wang Qishan co-chaired the fifth meeting of China-Israel Joint Committee on Innovation Cooperation (JCIC) with Yair Lapid, Israel's alternate prime minister and foreign minister, on Monday via video link, with the two sides pledging to promote cooperation on innovation.

    January25,2022


  • China issues plan to promote green consumption

    Chinese authorities on Friday unveiled a master plan on boosting green transformation of consumption in key areas, the latest move for the country to achieve its carbon peak and neutrality goals.

    January21,2022


  • China's leading automaker FAW sets sales target of over 4 mln cars in 2022

    China FAW Group Co., Ltd., a leading automobile maker in the country, plans to sell around 4.1 million vehicles in 2022, growing at an annual rate of 17.1 percent, the company said Friday.

    January21,2022


  • China's outbound direct investment tops 930 bln yuan in 2021

    China's outbound direct investment (ODI) saw stable growth last year, rising by 2.2 percent year on year to 936.69 billion yuan, the Ministry of Commerce (MOC) said Thursday.

    January21,2022


  • China sees improved industrial structure in 2021: ministry

    China continued to improve its industrial structure in 2021, with upgrades to the traditional sectors and development of the emerging sectors, said the Ministry of Industry and Information Technology on Thursday.

    January21,2022


  • RMB becomes 4th most active currency for global payments: SWIFT

    The RMB climbed one position to become the fourth most active currency for global payments by value in December 2021, with a share of 2.7 percent, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services, on Thursday.

    January21,2022


  • 【Financial Str. Release】LPR to timely reflect changes in market rates, official

    China's loan prime rates (LPR), the market-based benchmark lending rates, will timely factor in changes of market rates and serve to guide down corporate borrowing costs, said Sun Guofeng, head of the Monetary Policy Department of the People's Bank of China, the country's central bank, on a press conference earlier this week.

    January20,2022


  • Shanghai surpasses 4 trln yuan GDP mark in 2021

    Shanghai's gross domestic product (GDP) exceeded the four-trillion-yuan (about 630.4 billion U.S. dollars) threshold in 2021, local authorities said Thursday.

    January20,2022


  • China's central bank conducts 100 bln yuan of reverse repos

    China's central bank Tuesday conducted 100 billion yuan (15.7 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

    January18,2022


  • China's GDP growth rebounds in milestone year with challenges, hopes ahead

    China's economy saw a strong rebound in 2021 despite sporadic epidemic resurgences and complicated external environment, underlining the country's capability of ensuring economic stability with swift policy response.

    January18,2022


  • China's power generation up in 2021

    China's power generation reached 8.11 trillion kilowatt-hours (KWh) in 2021, up 8.1 percent year on year, data from the National Bureau of Statistics (NBS) showed Monday.

    January18,2022


  • 【Financial Str. Release】China's central bank cuts rates on medium-term loans, reverse repos

    China's central bank Monday cut the interest rates of its medium-term lending facility (MLF) loans and reverse repos by 10 basis points amid the country's efforts to lower lending cost and further shore up economic growth.

    January18,2022


  • 【Financial Str. Release】China's outstanding yuan funds for forex rise in December

    China's outstanding yuan funds for foreign exchange expanded month on month at the end of December 2021, the central bank data showed on Monday.

    January18,2022


  • Chongqing's foreign trade up 22.8 pct in 2021

    Southwest China's Chongqing Municipality saw its foreign trade exceeding 800 billion yuan (about 125.8 billion U.S. dollars) in 2021, an increase of 22.8 percent from the previous year, the city's customs authorities said Monday.

    January18,2022


  • China's second Starbucks Greener Store in operation

    Coffee giant Starbucks has opened a second Greener Store in the Chinese mainland, which meets its new standards of low energy consumption and waste disposal.

    January18,2022


  • China's Chongqing posts robust economic growth in 2021

    Southwest China's Chongqing Municipality reported a stable and progressive economic growth in 2021, official data showed.

    January18,2022


  • China's power use surges 10.3 pct in 2021

    China's electricity consumption, a key barometer of economic activity, went up 10.3 percent year on year in 2021, as the country's economy ended the year with a strong rebound despite sporadic epidemic resurgences.

    January18,2022


  • China's high-quality development, opening-up benefits world: Chinese FM

    China's high-quality development and further opening-up will bring major benefits to the global economic recovery, Chinese State Councilor and Foreign Minister Wang Yi said here on Monday.

    January18,2022


  • China to raise gasoline, diesel retail prices

    China will raise the retail prices of gasoline and diesel starting Tuesday, the country's top economic planner said Monday.

    January18,2022


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