Michael Pettis, finance professor at Peking University and senior fellow at the Carnegie-Tsinghua Center, discusses China’s economy and policies. Premier Li Keqiang set a conservative economic growth … ( read original story …)
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Factbox: Beijing’s plans to shake up Hong Kong’s electoral system
Beijing has confirmed plans to overhaul Hong Kong’s electoral system at China’s annual meeting of parliament, which started on Friday. The changes will mark the most significant restructuring of the … ( read original story…
China blue-chip index ends lower after Beijing sets conservative growth target
The blue-chip CSI300 index ended down 0.3% at 5,262.80, while the Shanghai Composite Index was nearly unchanged at 3,501.99. ( read original story …)
China Stocks Approach This Year’s Low as Traders Sell Favorites
Mainland traders rushed to offload institutional favorites on Thursday, as concerns about lofty valuations and tightening liquidity conditions sent China’s stock benchmark tumbling by the most in … ( read original story …)
China to cut energy intensity by around 3% in 2021: work report
China will cut energy intensity, a ratio that measures how much is used in driving economic growth, by around 3% in 2021 as it bids to meet long-term climate goals, Premier Li Keqiang said in…
Imax China Loses $26 Million But Claims to Be Strengthened Post-Pandemic
Imax China, the supplier of giant screen cinema facilities and services in Greater China, is one of the purest plays on the mainland Chinese movie exhibition market available to investors. The stock, … ( read…
China’s parliament to delay Hong Kong legislative vote, overhaul electoral system
Elections for Hong Kong’s legislature will likely be deferred for a second year to September 2022 as Beijing plans a major overhaul of the city’s electoral system, a severe blow to remaining hopes of ……
China targets 6% GDP growth after reining in coronavirus
China is targeting at least 6 per cent growth this year, reflecting the government’s confidence in the wake of its successful containment of the coronavirus pandemic in the world’s second-largest … ( read original story…
China sets 2021 GDP growth target of more than 6% as premier warns of ‘formidable tasks’ in finance
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 …)
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 …)
