China calls for less traveling during Spring Festival to curb coronavirus spread

China published a series of guidelines to ask people to avoid traveling during the upcoming Spring Festival holiday, in a bid to ensure people's wellbeing and prevent the spread of COVID-19, according to an SCIO briefing on Wednesday.

January 27, 2021

China underlines well-being of left-behind children, elderly in holiday

China has adopted targeted measures to ensure the well-being of children and the elderly left behind during the upcoming Spring Festival, said an official from the Ministry of Civil Affairs on Wednesday.

January 27, 2021

China administers 23 million doses of COVID-19 vaccine

Nearly 23 million doses of COVID-19 vaccine had been administered in China as of Jan. 26, an official from the National Health Commission said at an SCIO briefing held in Beijing on Wednesday.

January 27, 2021

China's daily COVID-19 testing capacity hits 15 million

China's COVID-19 nucleic acid testing capacity has hit 15 million samples per day, according to an SCIO briefing on Wednesday.

January 27, 2021

China's daily COVID-19 testing capacity hits 15 million samples

China's daily testing capacity for COVID-19 has surpassed 15 million samples, the National Health Commission (NHC) said Wednesday.

January 27, 2021

China urges less travel during upcoming holiday

China has rolled out a series of guidelines to ensure the well-being of people who had been asked to avoid traveling during the upcoming Spring Festival holiday.

January 27, 2021

China to boost development of all-weather EV batteries

China will roll out measures to improve electric vehicle (EV) battery's performance amid low temperatures, the Ministry of Industry and Information Technology said on Tuesday.

January 27, 2021

Value-added industrial output grows 2.8% in 2020

In 2020, the value-added industrial output in China grew by 2.8% year on year, and the country has stepped up efforts to propel the transformation and upgrading of its manufacturing industry, according to an SCIO briefing on Tuesday.

January 26, 2021

China's 5G development to empower more diverse industries in 2021

China will boost the 5G industry in 2021 by improving the capability of network coverage, application innovation and industrial base, an official said Tuesday.

January 26, 2021

China builds over 600,000 5G base stations in 2020

China built over 600,000 5G base stations in 2020, covering all cities at prefecture level and above. It plans to build another 600,000 this year as it aims to expand its 5G network to some counties and townships in the nation, according to a press conference held by the State Council Information Office on Tuesday.

January 26, 2021

Official: China to build 600,000 5G base stations in 2021

China will add 600,000 5G base stations in 2021 and expand the 5G network to counties and townships, officials from the Ministry of Industry and Information Technology said at a press conference held by the State Council Information Office on Tuesday.

January 26, 2021

2020: Chinese banks dispose $467B in non-performing assets

China's banking sector disposed 3.02 trillion yuan ($466.6 billion) in non-performing assets in 2020, China's Banking and Insurance Regulatory Commission (CBIRC) said on Friday.

January 24, 2021

Two-way opening-up of financial market will be bolstered

China's foreign exchange regulator highlighted specific measures on Friday to further promote two-way opening-up of the financial market, mainly through steadily freeing up cross-border capital flows and improving the renminbi exchange rate regime.

January 24, 2021

Banks, insurers encouraged to back fintech

China's top banking and insurance regulator said on Friday that it will encourage banking and insurance institutions to cooperate with internet-based platforms, including those companies that have been summoned for meetings with financial regulators, in accordance with the laws and regulations.

January 24, 2021

China revs up financing support for real economy in 2020

China's new yuan-denominated loans totaled 19.6 trillion yuan (US$3.03 trillion) in 2020, up by 2.8 trillion yuan year on year, according to an SCIO briefing on Friday.

January 22, 2021

Nonperforming loan disposal hits record high

China's disposal of nonperforming loans hit a record high of 3.02 trillion yuan ($466.34 billion) last year, as the country stepped up efforts to mitigate financial risk, Xiao Yuanqi, chief risk officer of the China Banking and Insurance Regulatory Commission, said on Friday.

January 22, 2021

Official: China's forex market more resilient

China's forex market is resilient against the COVID-19 pandemic, and the yuan's exchange rate has remained generally stable despite fluctuations, said a spokesperson for the country's forex regulator at an SCIO briefing on Friday.

January 22, 2021

Enterprise reforms to get more impetus

China will continue to deepen reforms and improve the overall business climate in the country despite considerable progress in the same, experts said.

January 22, 2021

China's forex reserves rise in 2020

By the end of 2020, China's foreign exchange reserves had totaled US$3.2165 trillion, an increase of US$108.6 billion from the end of 2019.

January 22, 2021

Chinese banks report net forex purchase

Chinese banks saw a net foreign exchange purchase in 2020 as the yuan's exchange rate remained generally stable despite increasing fluctuations, data from the country's forex regulator showed Friday.

January 22, 2021