To limit the disruption to the economy though, Beijing is taking a number of supportive steps, from central bank aid and tax cuts, to measures that allow factories to keep running. With outbreaks in …
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China to accelerate VAT credit rebates for small firms – finance ministry
China’s finance ministry and tax regulator on Wednesday said they will accelerate Value Added Tax (VAT) credit rebates for small firms.
China central bank urges more support for contact-intensive service sector
China’s central bank and insurance regulator urged financial institutions to step up support for the contact-intensive service sector and small firms impacted by COVID-19 outbreaks.Financial support …
Global finance capital presses China to abandon Zero-COVID
Amid the financial uncertainties and social unrest triggered by the US-NATO war against Russia in Ukraine, the imperialist powers are pressuring China to end its Zero-COVID strategy.
China c.bank urges more support for contact-intensive service sector
BEIJING: China’s central bank and insurance regulator urged financial institutions to step up support for the contact-intensive service sector and small firms impacted by COVID-19 outbreaks. Financial …
Interview: RMB sees rising importance as Chinese economy grows, says London finance policymaker
With China being the second largest economy in the world and poised to grow further, it is “only natural” that the importance of its currency renminbi (RMB) is also growing, the City of London policy…
China: PBoC’s relief measures for Covid are mostly window guidance
China’s central bank (PBoC), released some measures to help people and companies affected by Covid. Most of the measures are window guidance to …
Beijing to ramp up financial support for real economy
BEIJING: China has rolled out several measures to strengthen … according to a circular jointly released by the People’s Bank of China and the State Administration of Foreign Exchange. China will …
Global financial crash: Economic chaos fears as China risks triggering ‘world recession’
More info In response to reports of challenges in China’s agricultural heartlands, Eli Dourado, a senior research fellow at the Centre for Growth and Opportunity at Utah State University, commented: …
China moves to boost tech funding to counter US
The Chinese government will increase its funding for technology innovation and to ensure the security and stability of its product supply chains, which have been hit hard by the coronavirus pandemic, …
How should China improve climate disclosure in the finance sector?
China announced its dual carbon targets of peak carbon before 2030 and carbon neutrality before 2060. Getting there will require an estimated 138 trillion yuan (US$21.6 trillion) in low-carbon finance …
China Merchants Bank shares slump on president’s sudden removal
China Merchants Bank (CMB) shares slumped on Tuesday, as investors took fright after the lender announced the sudden removal of its president. China’s third biggest lender by market value issued a …
China Facilitates Miftah Ismail on Assuming Finance Minister Charge
Ms. Pangchunxue, Charge de Affaires of the Embassy of People’s Republic of China called on Federal Minister for Finance and Revenue Mr. Miftah Ismail here …
