BEIJING – China’s general public budget spending expanded 2.9 percent year-on-year to nearly 7 trillion yuan ($985 billion) in the first quarter of 2024, according to a Monday press conference.
Tagged By finance
How can China remedy deflation risks without ditching long-held economic strategy?
Beijing’s prudent monetary moves and an emphasis on restructuring local government debt have sparked debate over how long it will take policymakers to ‘walk it off’.
Nearly 5,000 cases busted last year in China’s fight against bank card crime
Chinese police busted nearly 5,000 cases involving bank card forgery, theft of card data, card fraud, illegal card transactions and other card-related offenses last year, among a nationwide crackdown …
XPENG to Showcase AI-powered Smart EV innovations at Beijing Auto Show 2024
GUANGZHOU, China, April 22, 2024 (GLOBE NEWSWIRE) — (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, will attend Beijing Auto …
World Bank president’s speech on China poverty reduction taken out of context online
The World Bank’s president did not say China currently had 770 million people living in extreme poverty, contrary to misleading social media posts that took part of his speech out of context. Ajay …
China’s Xi Orders Biggest Military Reorganization Since 2015
Chinese President Xi Jinping has ordered the biggest reorganization of the nation’s military since 2015. It’s a move that affects the force in charge of capabilities including cyber warfare. John Liu …
China’s Benchmark Lending Rates Kept Unchanged
China’s benchmark lending rates were kept unchanged, official data showed on Monday, in line with market expectations after key policy rates were held steady amid signs of economic recovery.
End Appeasement of China at the World Bank and IMF
As the World Bank and the International Monetary Fund (IMF) convene this week, they gather with a diverse array of participants from across the globe. While these institutions strive for inclusivity, …
China urges developed countries to fulfill climate finance commitments at G20 meetings
China has urged developed countries to expedite the implementation of their climate finance commitments, helping developing countries in climate actions with financial and technological assistance.
Hong Kong finance chief Paul Chan hails move by mainland China’s securities regulator to ease trading rules with city
China Securities Regulatory Commission on Friday announce five measures to further enhance connectivity between mainland and Hong Kong capital markets.
China confronts drop in foreign investment amid financial struggles
China’s efforts to attract foreign investment have encountered further setbacks as data reveals a continued slowdown for the third consecutive month …
CSRC’s move shows Beijing’s support for HK: Paul Chan
Financial secretary Paul Chan on Sunday said new measures announced by the China Securities Regulatory Commission (CSRC) to cooperate with Hong …
China’s economic recovery gets off to a great start this year
China’s economic recovery has gotten off to a good start this year, laying a solid foundation for achieving annual economic targets, said Pan Gongsheng, governor of the People’s Bank of China, the …
