China’s PBOC governor said there was room to further cut banks’ reserve requirements, and pledged to utilize monetary policy to “mildly” prop up consumer prices.
Monthly Archives For March 2024
China’s 5% growth target for 2024 is achievable, state planner says
China’s 2024 growth target of around 5% is in line with the country’s economic potential, the head of the state economic planner said on Wednesday while announcing plans to step up policy adjustments …
Heads of China’s Biggest Agencies, Including Central Bank, Gather to Discuss Key Policy Details
Top finance, economy officials hold rare joint briefing China earlier set 2024 GDP goal of about 5% Economic concerns include housing, debt, investment Chinese lawmakers are holding annual congress in …
China’s ‘two sessions’ 2024: economic heavyweights face press on ambitious 5% GDP growth target
China’s finance, commerce, banking, development and securities heads face the press in Beijing during the annual ‘two sessions’ Questions remain on how Beijing will address the problems facing its …
Can China maintain growth and ‘transform’ its economy at the same time?
Chinese Premier Li Qiang’s vision for the country contains an inherent contradiction: his aim to “transform” the economic model may be incompatible with keeping growth rates steady at around 5%.
China Doubles Down on Emerging Tech in Push for Self-Sufficiency
Report stated that China plans to “launch major science and technology programs” to meet key strategic goals and bolster development.
China’s Richest Person Faces Boycott Threat Amid Allegations He Betrayed His Fellow Beverage Billionaire
Nongfu Spring’s founder Zhong Shanshan has refuted accusations that his success was achieved by undermining his former partner Zong Qinghou.
China’s BYD lowers starting price of its lowest-priced EV model Seagull by 5.4%
Chinese electric vehicle (EV) giant BYD on Wednesday lowered the starting price on a new version of its lowest-priced EV model Seagull by 5.4% from the model it replaced, adding fuel to a raging price…
China and Russia are outpacing the US and its allies in military technology development, Australian defense official warns
Tensions in the Indo-Pacific region have been rising for years as the US works to bolster its presence throughout Asia ahead of possible conflict.
What it’s like on board an outnumbered Philippine ship facing down China’s push to dominate the South China Sea
As dawn slowly broke on the horizon, a large fleet of Chinese vessels came into view from the deck of a Philippine Coast Guard ship as it entered the contested waters of the South China…
Analysis-Can China maintain growth and ‘transform’ its economy at the same time?
Chinese Premier Li Qiang’s vision for the country contains an inherent contradiction: his aim to “transform” the economic model may be incompatible with keeping growth rates steady at around 5%. In …
Challenging China’s national drink is tall order for Western liquor makers
Global drinks giants seeking to tap into younger Chinese drinkers’ growing appetite for whiskies and cognacs face a challenge as they take on the producers of China’s dominant liquor baijiu. Western …
China’s exports likely slowed in Jan-Feb as factories struggle: Reuters poll
BEIJING (Reuters) – China’s exports growth likely slowed in the January-February period, a Reuters poll showed on Wednesday, suggesting manufacturers are still struggling for overseas buyers and in …
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