Following a sharp decline in the first quarter of 2020, economic activity in China has normalized faster than expected, aided by an effective pandemic-control strategy, strong policy measures and … ( read original story …)
FINANCE
China extends tariff exemptions for US chemical, oil products
Six US chemical and oil products will not be targeted by additional duties for another year, according to China’s finance ministry. The exemptions were initially introduced after the two countries … ( read original story…
China’s industrial profits grow robustly, seventh straight rise
Profits at China’s industrial firms grew robustly in November for a seventh month of gains, supported by strong industrial production and sales, as manufacturers continue their recovery from the COVID … ( read original story…
Beijing is sending a senior party leader to Nepal as political crisis unfolds
In May this year, when the wrangling within the Nepal Communist Party was at its peak, Chinese Ambassador Hou Yanqi visited the ruling party’s top brass and President Bidya Devi Bhandari.There was a … (…
China’s Industrial Profits Rise 15.5% Year-On-Year in November
The industrial profit data covers large firms with annual revenue of over 20 million yuan from their main operations. China’s economy has seen a strong rebound from the shock of the COVID-19 pandemic, … (…
China set to overtake US and become world’s biggest economy by 2028
The Centre for Economics and Business Research said China’s ‘skilful management’ of coronavirus and hits to Western growth meant its economic performance had improved. ( read original story …)
China wants a say in fintech’s future with new credit ratings license
The shareholding composition of the second license, following the first license in 2018 to Baihang Credit, underscores the financial regulators’ increased scrutiny of consumer credit and online loans, … ( read original story …)
Trump Attacks China in Christmas Tweet as Millions Await Stimulus Update
President tells lawmakers who blocked attempts to increase coronavirus relief package to $2,000 per qualified individual “it wasn’t their fault, it was China.” … ( read original story …)
European Businesses Hopeful Of China-EU Investment Deal
China investment deal by end of the year, the head of the European Chamber of Commerce in China said on Saturday, although Beijing has declined to commit to a deadline. The China-EU Comprehensive … (…
China’s central bank wants a say in fintech’s future as it grants new personal credit ratings license to state venture with internet firms
venture that is 35 per cent owned by Beijing Financial Holdings Group of the municipal government of the Chinese capital city, will be allowed to develop a system to provide personal credit ratings … (…
China to leapfrog U.S. as world’s biggest economy by 2028 – think tank
China will overtake the United States to become the world’s biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the … ( read original…
China takes practical approach to development over next five years
China should take a practical approach in its 2021-2025 development plan, setting eyes on a reasonable growth rate and keeping some leeway, Premier Li Keqiang said on Thursday. While the five-year … ( read original…
China’s 2021 total issuance of treasury bonds will be roughly same as this year – sources
C orrects year to 2021, not 2011, in 3rd paragraph. SHANGHAI, Dec 25 (Reuters) – The total amount of China treasury bond issuance in 2021 will be similar to that of this year, if ……
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