So far 21 provincial governments have set a target of growing their economies between 5 and 6.5 per cent Most Chinese provinces have set a 2023 growth target of between 5 and 6.5 per cent,…
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Retirees in China’s Guangzhou stage protest against reduced pensions, medical insurance payments
Retirees in China’s Guangzhou staged a protest in front of the Social Security Bureau as their pensions and medical insurance payments have been reduced …
Why China Will See More Policy U-Turns
When China’s economic policy czar Liu He joins the Davos, Switzerland, confab in the coming week, he’ll be engaging with global financial elites amid a much-improved growth outlook for his nation.
China’s green finance market seen quadrupling to US$10.4 trillion by 2031, but lack of ESG data holding back funds, products, UBS says
China’s sustainable finance market could more than quadruple to 70 trillion yuan (US$10.4 trillion) by 2031, according to Swiss investment bank UBS. But the lack of useful and comparable environmental …
China’s new financial direction
China’s rise has been the defining story of the past three decades. No analysis of international economics or politics can ignore it. However, the conversation has shifted. Before 2017, it was widely …
China acquires ‘golden shares’ in two Alibaba units
China has acquired minority stakes with special rights in two domestic units of tech giant Alibaba Group Holding Ltd , business registration records showed, as Beijing extends a campaign to strengthen …
China’s yuan: central bank to boost flexibility of exchange rate to handle ‘shocks’ from overseas monetary policy
China’s central bank says it will increase the flexibility of the yuan exchange rate and prioritise stability and domestic needs to handle monetary adjustments in advanced economies.
China’s 2023 inflation to remain mild, People’s Bank of China to avoid ‘flooding economy with stimulus’
The announcements by PBOC may be viewed on the backdrop of the fact that China has been struggling to come out of its COVID-19-hit economy. In a press conference on Friday, Deputy Governor Xuan …
China’s GDP growth rate out of reach for Beijing: World Bank report
Amid multiple domestic and international reverses due to its zero-Covid policy and assertiveness, China is unlikely to meet its estimated GDP growth rate, according to World Bank …
China central bank to maintain or increase policy-loan liquidity – Reuters poll
China’s central bank is likely to at least maintain current liquidity in the banking system on Monday through its management of medium-term policy loans, while keeping borrowing costs unchanged for a …
China stocks end at 4-month high on foreign inflows boost
There is mounting evidence that much of China’s population has already been infected and that disruption is already fading rapidly …
Exclusive-China to allow Didi apps back online, in latest sign of regulatory thaw-sources
By Julie Zhu, Kevin Huang and Jing Xu (Reuters) -Chinese authorities are set to allow Didi Global’s ride-hailing and other apps back on domestic app stores as soon as next week, five sources told …
China’s urban-rural ‘dual economic structure’ fueling inequality, says ex-finance minister
Outspoken former finance minister Lou Jiwei says policymakers need to bring a reformist mindset to land, welfare and tax, while easing market concern that the wealthy will be targeted to narrow the …