Chinese Premier Li Keqiang said the nation aimed for an urban unemployment rate of around 5.5% and targeted the creation of more than 11 million new urban jobs. ( read original story …)
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China sets ‘low bar’ for GDP growth, pledges more jobs
China on Friday set a modest annual economic growth target, at above 6%, and pledged to create more jobs in cities than last year, as the world’s second-biggest economy planned a careful course out of…
China to Strengthen Risk Assessments for Financial Innovation Products: 2021-2025 Plan
China plans to strengthen the risk assessment procedures for financial innovation products, including by suspending the operation of some products, the government said on Friday in its development … ( read original story …)
China’s defence budget to increase by 6.8% in 2021
Beijing plans to spend $210 billion on defence, which is still less than a third of Washington’s military budget … ( read original story …)
China to Pour Money Into Chips, AI and 5G in Push to Catch U.S.
China pledged to boost spending and drive research into cutting-edge chips and artificial intelligence in its latest five-year targets, laying out a technological blueprint to vie for global influence … ( read original story …)
China says 2021 outlook ‘quite grave’ for govt revenue, expenditure
The outlook for China’s government revenue and expenditure this year is “quite grave”, the finance ministry said on Friday in its annual budget report. ( read original story …)
China’s Defense Budget Climbs 6.8% as Economy Recovers
China projected defense spending growth of 6.8% this year, the largest increase in two years, amid tensions with the U.S. and key neighbors. ( read original story …)
China sets economic-growth target of 6%, aims to be more self-reliant on tech
China’s top economic official announced a healthy growth target for the nation and its plans to become a more self-reliant technology leader amid tension with Washington and Europe over trade, Hong … ( read original…
China sets GDP growth target of over 6% in 2021
Beijing is looking to rebound from the coronavirus pandemic after dropping growth targets last year. It plans to become more self-reliant in technology. ( read original story …)
Beijing Demands More Consumer Data From Jack Ma’s Ant Group
Although Jack Ma agreed to turn over Ant Group’s customer financial data, regulators are not satisfied with the quality of what’s been submitted. ( read original story …)
China’s 2021 Targets; Hong Kong Electoral Overhaul: NPC Update
China’s most senior officials will be gathering in Beijing over the next week for the annual full-session of the country’s parliament, the National People’s Congress. Closely watched during that … ( read original story …)
China’s CIC eyes U.S. investment after fund with Goldman raised $2.5 billion
China’s $1 trillion sovereign wealth fund is scouting for long-term investment opportunities in the United States, an executive said, after a fund co-established with Goldman Sachs Group Inc raised $2 … ( read original story…
1st LD-Writethru: China’s poverty line higher than World Bank benchmark: spokesperson
China’s poverty line is higher than the World Bank’s 2015 benchmark of 1.9 U.S. dollars per person per day, a spokesperson for the annual session of China’s national legislature said on Thursday. ( read original…
