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PBOC: China continues to optimize loan structure in 2023
China's total credit maintained steady and robust growth in 2023, with loan structure continuing to improve, said Xuan Changneng, vice governor of the People's Bank of China, on Wednesday.
January 26, 2024 -
Finance official: Foreign institutions heavily engaged in China's financial market
Foreign financial institutions are heavily engaged in China's financial market and in the country's economic and financial development, and have become a very important force in its financial industry, a senior financial official said in Beijing on Thursday.
January 26, 2024 -
China extends more inclusive loans to small businesses in 2023
China extended more inclusive loans to small and micro enterprises to facilitate their business last year, official data showed on Thursday.
January 26, 2024 -
China's central SOEs' profits reach 2.6 trillion yuan in 2023
The total profits of China's centrally-administered State-owned enterprises amounted to 2.6 trillion yuan ($362.36 billion) in 2023, while their operating revenue reached 39.8 trillion yuan, according to data released by the country's top state assets regulator.
January 25, 2024 -
Central SOEs invest 32.1% more in emerging industries in 2023
The investment from China's centrally administered state-owned enterprises (SOEs) in strategic emerging industries grew 32.1% year on year to 2.18 trillion yuan (US$304.3 billion) in 2023, an official said at a press conference Wednesday in Beijing.
January 25, 2024 -
China promotes full implementation of private pension system
China will promote the full implementation of a private pension mechanism that has already been introduced in 36 cities and regions, the Ministry of Human Resources and Social Security announced Wednesday.
January 25, 2024 -
China announces reserve requirement ratio cut
China's central bank will cut the reserve requirement ratio for financial institutions by 0.5 percentage points from Feb. 5, said Pan Gongsheng, governor of the People's Bank of China, on Wednesday.
January 25, 2024 -
Central bank: China's cross-border capital flow to be further stabilized in 2024
Cross-border capital flow in China is expected to be further stabilized this year, said a central bank official on Wednesday.
January 25, 2024 -
Official: China to build an investors-centered capital market
China will make more efforts to build an investors-centered capital market, a senior official of the country's securities watchdog said Wednesday in an interview amid recent stock market fluctuations.
January 24, 2024 -
China sees progress on plantation of soybeans, oil crops
China made notable progress in expanding the amount of arable land used to grow soybean and other oil crops such as rapeseed last year, an official said Tuesday as the world's leading food importer works to curb its reliance on grain imports due to growing uncertainties over the global food supply system.
January 24, 2024 -
China reports expanded imports of agricultural, food products in 2023
China provided increased market access for imports of agricultural and food products from over 51 countries and regions in 2023, China's customs authorities said on Tuesday.
January 24, 2024 -
Rural online retail sales hit 2.49 trillion yuan in 2023
E-commerce prospered in China's rural areas in 2023, with the online retail sales totaling 2.49 trillion yuan (US$347.3 billion), said Deng Xiaogang, vice minister of agriculture and rural affairs, at a press conference Tuesday.
January 23, 2024 -
'Silver economy' offers great biz potential
China has seen new growth opportunities arising from its aging populace, and its latest decision to promote the "silver economy" will significantly address the needs of the graying demographic and inject new impetus into the economy, officials said on Monday.
January 23, 2024 -
China steps up support for home services industry
China has rolled out measures to bolster its home services industry, in response to the demands of its aging population, the Ministry of Commerce said Monday.
January 22, 2024 -
China's industrial economy makes solid progress in 2023
China's industrial economy made sound progress last year, with multiple areas including the automotive sector and 5G technology recording notable development.
January 22, 2024 -
China remains world's top manufacturing hub for 14 years
China saw a 4.6% year-on-year increase in industrial output in 2023, and has maintained its position as the world's largest manufacturing hub for 14 consecutive years, according to the Ministry of Industry and Information Technology at a press conference Friday.
January 19, 2024 -
China adds over 2.2 trillion yuan in tax and fee cuts, refunds, deferrals in 2023
China's newly implemented tax refunds, as well as tax and fee cuts and deferrals, exceeded 2.2 trillion yuan (US$309.1 billion) in 2023, according to Rao Lixin, deputy commissioner of the State Taxation Administration. This has helped buoy market expectations and improve market confidence and vitality, he said at a press conference Thursday.
January 19, 2024 -
China leads global manufacturing sector for 14 consecutive years
China has remained the world's top manufacturing hub for 14 consecutive years, the Ministry of Industry and Information Technology (MIIT) said Friday.
January 19, 2024 -
China expected to become world's top auto exporter
China exported a total of 4.91 million vehicles in 2023, expected to become the world's largest auto exporter, an official with the Ministry of Industry and Information Technology said Friday.
January 19, 2024 -
Tax and fee cuts bolster companies' R&D, innovations
Tax deductions extended to companies' research and development expenses rose significantly, said the State Taxation Administration on Thursday.
January 19, 2024