China’s new plans to build a “national unified market” seek to boost the domestic economy by unifying standards and regulations across sectors and regions.
Monthly Archives For April 2022
China takes actions to help foreign-funded enterprises resume work China takes actions to help foreign-funded enterprises resume work
China will take active measures to help foreign-funded enterprises resume work and production, the Ministry of Commerce said on Thursday. The recent outbreak of the COVID-19 pandemic is relatively …
Mental illness, a parallel epidemic in China’s Covid-19 lockdowns
Large-scale lockdowns and tight restrictions in place to keep coronavirus in check are piling severe pressure on Chinese workers and volunteers, to the point that a healthcare official in Shanghai has …
Anti-COVID shutdowns in China spread as infections rise
Anti-virus controls that have shut down some of China’s biggest cities and fueled public irritation are spreading as infections rise, hurting a weak economy and prompting warnings of possible global …
In Warning to China, Janet Yellen Says West Will Punish Those Who Help Russia
The treasury secretary offered her strongest remarks yet as China showed no signs of moving away from Russia, 50 days into its invasion of Ukraine.
China’s banks cut mortgage rates by 20-60 bps since March – central bank
Banks in more than 100 Chinese cities have lowered mortgage rates by an average 20-60 basis points since March，Zou Lan，a central bank official, said on Thursday.Outstanding individual mortgages were …
China central bank to launch 200 billion yuan relending quota for tech innovation
China’s central bank will launch a relending quota worth 200 billion yuan ($31.39 billion) to support tech innovation, with interest rate of 1.75per cent, a central bank official said on Thursday.
China’s Central Bank Vows to Use Policy Tools, Including RRR
The People’s Bank of China will use its policy toolbox flexibly as it aims to ensure sufficient liquidity in the economy, a senior central bank official said, adding hundreds of billions of yuan will …
China Exports Rise More Than Expected; Imports Drop Unexpectedly
China’s exports grew more than expected in March and imports logged an unexpected fall largely due to the lockdown and supply chain …
Crypto Revolution Spurs Central Banks to Design Money’s Future
Consumers and businesses used to transact in numerous privately issued banknotes until central banks ended the chaos by monopolizing currency issuance in the 19th and early 20th century. Today, …
Covid Concerns Leave More Shenzhen Office Space Empty
More office space is going vacant in South China tech hub Shenzhen, industry data show, with analysts pointing to declining demand from small and midsize firms worried about the impact of country’s …
Shanghai’s food crisis prompts residents in Beijing to stockpile supplies.
Things that happened in Shanghai made me panic,” said Li Lilin, a real estate agent in Beijing, adding, “I’m just terrified of starving to death.” …
Anti-virus shutdowns in China spread as infections rise
Anti-virus controls that have shut down some of China’s biggest cities and fueled public irritation are spreading as infections rise, hurting a weak economy and prompting warnings of possible global …
