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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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