The number of internet users in China has touched 1.079 billion as of June 2023, an increase of 11.09 million since December 2022, with an internet penetration rate of 76.4 percent, according to a report released by the China Internet Network Information Center on Monday. Regarding internet appli...
with December data gearing up expansion at a rate of 2.8 percent in yuan-denominated terms, customs data showed on Friday. Exports grew 0.6 percent year-on-year to 23.77 trillion yuan last year, while imports edged down 0.3 percent year-on-year to 17.99 trillion yuan. In...
The number of internet users in China has touched 1.079 billion as of June 2023, an increase of 11.09 million since December 2022, with an internet penetration rate of 76.4 percent, according to a report released by the China Internet Network Information Center on Monday. Regarding internet appli...
The SAFE attributed the increase to the comprehensive impact of exchange rate conversions and changes in asset prices. The prices of global financial assets increased versus a decline in the US Dollar Index in December. In 2023, China's international balance of payments remained basically stable ami...
The central bank also injected 89 billion yuan through seven-day reverse repos while keeping borrowing cost unchanged at 1.8 percent, it said in an online statement. The MLF interest rate has not fallen this month, probably because the policymakers are still waiting to see the effect of the po...
It is believed that the yuan may see further appreciation in December. Weakening of the US dollar is the direct driver of the appreciation of the yuan exchange rate, and the decline of the US Treasury interest rate is the main reason for the weakening of the US dollar, analysts said.Local...
(PBOC) set the midpoint rate at 6.7130 per dollar, 362 pips firmer than the previous fix, the strongest since July 2022. In the spot market, the onshore yuan also strengthened as far as 6.7007 in the morning, its strongest level since Jan. 16. 人民币汇率叩响6.7元关口大门:2月2日,人民...
and industrial innovation are being set up across the country. The coverage rate of China's power distribution automation system has exceeded 90 percent by 2021, and the country has seen the completion of over 800 smart mining sites and a number of "5G plus" smart thermal power plants. 我国...
With strong support from the government, Macao has fully leveraged its unique advantages, resulting in a staggering leap in GDP from 51.9 billion Macao patacas to an impressive 379.5 billion patacas in 2023—approximately $47 billion based on the 2023 average exchange rate. This economic surge has...
The central bank also injected 89 billion yuan through seven-day reverse repos while keeping borrowing cost unchanged at 1.8 percent, it said in an online statement. The MLF interest rate has not fallen this month, probably because the policymakers are still waiting to see the effect of the po...