China will fully improve the property right system, according to a draft outline of the 14th Five-Year Plan for national economic and social development and the long-range objectives through the year … ( read original…
Monthly Archives For March 2021
China Sees Negative-Yielding Bonds in Burst of Friday Trading
Negative bond yields showed up in China on Friday. Three bonds of China Development Bank suddenly saw prices surge — one by more than 200% — within an hour to send the yields on the…
China tells banks to scale back lending to contain financial bubble risks – sources
China’s regulators are telling banks to trim their loan books this year to guard against risks emerging from bubbles in domestic financial markets, said people familiar with the matter on Friday. ( read original story…
China’s economy could double in size by 2035, according to the Bank of America
China could double its GDP by 2035 and become the world’s largest economy by overtaking the US by 2028, the Bank of America’s Helen Qiao told CNBC. ( read original story …)
China shares fall as parliamentary meeting sets conservative growth target
China shares ended a see-saw morning session lower on Friday as investors digested a modest annual growth target set in the premier’s annual work report and a stronger commitment to supporting … ( read original…
6% Growth ‘Manageable’ for China, Professor Pettis Says
Michael Pettis, finance professor at Peking University and senior fellow at the Carnegie-Tsinghua Center, discusses China’s economy and policies. Premier Li Keqiang set a conservative economic growth … ( read original story …)
China to ‘strengthen management’ of strategic mineral resources, eyes green upgrade of steel
China will “strengthen management and control” of its strategic mineral resources, the government said on Friday as it set out a five-year development plan, without providing any details on how it … ( read original…
China’s Shenzhen sees cross-border yuan use jump to record level in 2020
Shenzhen saw a record level of yuan-denominated cross-border payments last year, an encouraging sign for Chinese authorities trying to reduce the country’s reliance on the US dollar amid uncertain … ( read original story …)
China proposes teaching masculinity to boys as state is alarmed by changing gender roles
Boys in China traditionally are expected to be strong leaders, get good grades and excel at sports. But the gender balance in China is changing. ( read original story …)
Factbox: Beijing’s plans to shake up Hong Kong’s electoral system
Beijing has confirmed plans to overhaul Hong Kong’s electoral system at China’s annual meeting of parliament, which started on Friday. The changes will mark the most significant restructuring of the … ( read original story…
China blue-chip index ends lower after Beijing sets conservative growth target
The blue-chip CSI300 index ended down 0.3% at 5,262.80, while the Shanghai Composite Index was nearly unchanged at 3,501.99. ( read original story …)
China Stocks Approach This Year’s Low as Traders Sell Favorites
Mainland traders rushed to offload institutional favorites on Thursday, as concerns about lofty valuations and tightening liquidity conditions sent China’s stock benchmark tumbling by the most in … ( read original story …)
China to cut energy intensity by around 3% in 2021: work report
China will cut energy intensity, a ratio that measures how much is used in driving economic growth, by around 3% in 2021 as it bids to meet long-term climate goals, Premier Li Keqiang said in…
