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Financial risks in banking, insurance sectors constrained
China has seen a drop of the leverage ratio in the financial sector by 2020, with a contraction of the off-balance sheet business in commercial banks, according to the nation's top banking and insurance regulatory body on Tuesday.
March 2, 2021 -
Cross-border capital flows to open more gradually
China's top banking and insurance regulator said on Tuesday it will encourage cross-border capital flows at a more open level, while also being careful not to cause huge fluctuations in the domestic financial market.
March 2, 2021 -
Financial services grow more inclusive
China has made notable progress in expanding inclusive financial services through technological integration, the nation's top banking and insurance regulatory body said on Tuesday.
March 2, 2021 -
Regulator stresses healthy, stable real estate development
China is ready to promote the healthy, stable development of the country's real estate sector, said the nation's top banking and insurance regulatory body on Tuesday.
March 2, 2021 -
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China to establish a 700,000 km transport network by 2035
China plans to establish a comprehensive transport network of about 700,000 kilometers by 2035, according to an official at an SCIO press conference Monday.
March 2, 2021 -
China's industry and information technology report card 2016-2020
China's industry and information technology witnessed a sound development during the 13th Five-year Plan period (2016-2020). As the world's largest manufacturing country for the 11th consecutive year, it contributed nearly 30% of global manufacturing output, an official said at an SCIO briefing on Monday.
March 2, 2021 -
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Guideline sets out plans for national transport network
China has unveiled a guideline to build a more convenient and high-quality transport network by 2035. Here are some of the targets underscored at a press conference Monday.
March 2, 2021 -
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China to balance tech R&D, cooperation
China's efforts to pursue self-sufficiency in certain crucial technologies are to meet the nation's growing demand for cutting-edge products and services, and such efforts will contribute to the development of global information and communication technologies, the nation's top industry regulator said on Monday.
March 2, 2021 -
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Nation rolls out blueprint for transport
China's transport regulators introduced the prospects of a nearly 700,000-kilometer network on Monday as they rolled out a comprehensive transport blueprint.
March 2, 2021 -
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China remains world's top manufacturing hub for 11 consecutive years
China has maintained its position as the world's largest manufacturing hub for 11 straight years, accounting for nearly 30 percent of the global manufacturing output, according to the Ministry of Industry and Information Technology (MIIT).
March 2, 2021 -
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China's fixed-asset transport investment crosses trillions
China's fixed-asset investment in transport is forecast to reach over 3.42 trillion yuan (about $523.47 billion) this year, according to a national transport work conference.
March 2, 2021 -
Sound bites of the week (Feb. 22-26)
A roundup of the top sound bites from the press conferences held by the State Council Information Office from Feb. 22 to 26.
March 1, 2021 -
Sales revenue of China's integrated circuit industry hits 884.8 billion yuan in 2020
The sales revenue of China's integrated circuit industry totaled 884.8 billion yuan (US$136.88 billion) in 2020, up 20% year on year, according to an SCIO briefing on Monday.
March 1, 2021 -
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Self-reliance in core tech aimed at meeting demand, not isolation, says minister
China's efforts to pursue self-reliance in crucial technologies is to meet the nation's growing demand for cutting-edge products and services, said the nation's top industry regulator on Monday.
March 1, 2021 -
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Govt vows vigorous support for chip industry
The Chinese government will provide vigorous support at the national level to build a market-oriented and internationalized business environment for the development of the semiconductor industry, said the nation's top industry regulator on Monday.
March 1, 2021 -
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Minister: China to keep up int'l cooperation on semiconductors
China will continue to carry out international cooperation on integrated circuit, software, and other sectors, and strengthen intellectual property protection during cooperation, said an official at an SCIO press briefing Friday.
February 28, 2021 -
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R&D spending in China estimated to be 2.4 trillion yuan in 2020
China's R&D expenditure jumped from 1.42 trillion yuan in 2015 to an estimated 2.4 trillion yuan in 2020, and its R&D intensity reached about 2.4% last year, said Wang Zhigang, minister of science and technology, at an SCIO briefing on Friday.
February 26, 2021 -
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China registers 200 million skilled workers
China has over 200 million skilled workers, accounting for 26% of its total workforce. Over 50 million are high-skilled workers.
February 26, 2021 -
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China's employment to remain generally stable in 2021: Minister
China's employment situation is likely to be generally stable this year as the economy continues to recover, but challenges and uncertainties would persist, the country's human resources minister said Friday.
February 26, 2021 -
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China stablizes employment for college graduates and migrant workers in 2020
At the end of 2020, the employment rate of Chinese college graduates exceeded 90%. China also made headway in stabilizing the employment of poor migrant workers, supporting the country's poverty relief projects, according to an SCIO briefing Friday.
February 26, 2021