BEIJING — China’s yuan-denominated loans rose by 15.73 trillion yuan ($2.19 trillion) in the first half of the year, central bank data showed Tuesday. In June alone, the yuan-denominated loans rose by 3.05 trillion yuan, according to the People’s Bank of China. The M2, a broad measure of money supply that covers cash in circulation …
By Fan Feifei and Mo Jingxi | chinadaily.com.cn Platform: Sector called key enabler of recovery Premier Li Qiang encouraged platform companies on Wednesday to maintain firm confidence, keep innovating and improve their international competitiveness, saying that the development of the platform economy is promising as China builds a modern socialist country in all respects. Speaking at a …
The Chinese delegation for the 31st FISU World University Games was officially formed on Wednesday, and the top Chinese student athletes are ready to shine at the event, which will be staged in Chengdu, Sichuan province, from July 28 to Aug 8. Announced during a meeting in Changchun, Jilin province, the Chinese delegation boasts more …
Athletes ready to shine at World University Games Read More »
The fixed asset investment in Shanghai’s Pudong New Area grew 59.9 percent year-on-year to hit 107 billion yuan ($14.78 billion) in the first five months of this year, officials announced at a news conference on Monday. The area’s total retail sales of consumer goods also surged 37.1 percent year-on-year to 168 billion yuan. During the …
Forum underlines cooperation on investment, finance, sustainability China is ready to work with the international community to improve its development investment outlook as the world faces a global development financing gap amid growth uncertainties, an official said on Monday. Zhao Fengtao, deputy head of the China International Development Cooperation Agency, made the remarks at a …
Recently, there have been voices of concern over China’s trade performance. Indeed, with a discouraging external environment — the global purchasing managers index continues to decline, the trade order index is still in contractionary territory, the currency index continues a downtrend and global investment is declining — it is natural to think in a pessimistic …
China’s Trade still in Good Place Despite Woes Worldwide Read More »
BEIJING — China’s capital market, boosted by cranked-up policies and measures on opening-up, will continue to attract foreign investment in the second half of this year, analysts from investment banks and securities companies predict. Posting striking performance in the first half the year, the capital market logged an accumulated net inflow of northbound funds worth …
China’s Capital Market Draws Foreign Investment Amid Opening-Up Read More »
China proposes a global digital economy partnership city cooperation initiative at the Global Digital Economy Conference 2023 in Beijing on July 4, 2023. [Photo/VCG] China proposes a global digital economy partnership city cooperation initiative at the Global Digital Economy Conference 2023 in Beijing on Tuesday, CCTV reported on Wednesday morning. “This cooperation initiative mainly promotes …
China promotes city cooperation for global digital economic development Read More »
There is a 950 million yuan ($131.15 million) industry cashing in on college admissions. As an increasing number of Chinese parents turn to paid service providers, who claim to be using AI-driven technology, to decide which universities their children should apply to for their undergraduate studies, experts have warned against opting for such services. Chen …
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