In the galaxy of cities that host corporate headquarters, Beijing is the biggest star. A stunning 15% of revenue generated by the Global 500 last year—$6.1 trillion—went to companies based in China’s …
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China allocates $15.35 million for rescue work in Beijing-Tianjin-Hebei after heavy rains, state media report
China’s finance ministry and emergency management ministry on Tuesday allocated 110 million yuan ($15.35 million) for rescue work in the Beijing-Tianjin-Hebei area after heavy rains, CCTV news …
Factbox-China’s Measures to Support the Economy Amid Faltering Recovery
Low commission rates start at $0 for U.S. listed stocks & ETFs*. Margin loan rates from 5.83% to 6.83%. Aug. 2 – China’s finance ministry unveiled a package of tax relief measures for small businesses…
Decoupling from Beijing ‘an illusion’, says French finance minister
French finance minister Bruno Le Maire said France was totally opposed to the idea of decoupling. (AP pic) BEIJING: France’s finance minister said during a visit to Beijing on Sunday that cutting all …
China Releases Package of Tax Relief Measures to Support Small Firms
BEIJING (Reuters) – China’s finance ministry on Wednesday unveiled a package of tax relief measures to support small businesses and rural households, as the world’s second-largest economy struggles …
China’s central bank conducts 9-bln-yuan reverse repos
China’s central bank conducted 9 billion yuan (about 1.26 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.9 percent on Wednesday. The move is aimed at keeping liquidity …
China asks some banks to reduce or delay dollar buying
SHANGHAI/BEIJING: China’s currency regulators are asking some commercial banks to reduce or postpone their purchases of US dollars in order to slow the yuan’s depreciation, two people with direct …
China’s central bank favors downward interest rates for individual housing loans
The People’s Bank of China made clear its stance of favoring downward interest rates and down payment ratio for individual housing loans at a work meeting held Tuesday. The stance is part of the …
Starbucks’ sales in China come roaring back
Starbucks’ China business is back after dropping due to Covid restrictions last year. In the three months ending on July 2, sales at Chinese locations open at least 13 months spiked 46% year-over-year …
China’s central bank vows to use multiple policy tools to ensure a steady economic recovery in H2
The People’s Bank of China (PBC), the central bank, on Tuesday vowed to use multiple policy tools to ensure reasonable and sufficient liquidity, support the stable and sound development of the real …
Beijing issues 20 measures
CHINESE authorities on Monday issued 20 measures to boost domestic consumption, including support for expanding real estate and auto sales, underscoring the country’s intensifying efforts to ensure …
Beijing, northern China boost rescue efforts after worst storm in years
China’s finance ministry announced it would allocate 110 million yuan ($15 million) for rescue work in the Beijing-Tianjin-Hebei region. Doksuri, one of the strongest storms to hit China in years, …
China allocates $15.35 million for rescue work in Beijing-Tianjin-Hebei after heavy rains- state media
China’s finance ministry and emergency management ministry on Tuesday allocated 110 million yuan ($15.35 million) for rescue work in the Beijing-Tianjin-Hebei area after heavy rains, CCTV news …