This photo taken on Oct. 19, 2023 shows the People's Bank of China in Beijing, capital of China. (Xinhua/Peng Ziyang) * China's central bank on Friday cut the reserve requirement ratio (RRR) for financial institutions by 0.5 percentage points and lowered the seven-day reverse repo interes...
In the face of multiplying crises in 2022, China has maintained the overall stability of its economy by effectively coordinating COVID-19 policy with economic and social development, and introducing a series of stimulus packages to support enterprises, stabilize consumer prices, and boost the confiden...
The People's Bank of China (PBOC) will continue to utilize a combination of policy tools to keep liquidity at a reasonable and sufficient level, and guide the financing costs of the real economy downward, PBOC official Zou Lan said on Wednesday. TARGETED PROPERTY STIMULUS The property sector, ...
The industrial economy also bounced back steadily. In the first three quarters, the value-added industrial output of enterprises above designated size grew 4 percent year on year. In Sheng's view, a series of operational indicators have also released positive signals: purchasing managers' index ret...
Visitors view tropical fruits at the 2023 China (Hainan) International Tropical Agricultural Products Winter Trade Fair in Haikou, South China's Hainan province, Dec 14, 2023. [Photo/VCG] China's economy is poised for steady growth in 2024 amid continuing recovery in consumption and services as...
China's economy keeps recovering in first three quarters Tourists visit the Yueya Spring scenic area, a crescent-shaped lake surrounded by giant sand dunes, in Dunhuang, northwest China's Gansu province, Oct. 13, 2023. (People's Daily Online/Zhang Xiaoliang)...
China's economy looks to have entered a marked downturn. Cyclical trends in China are always tricky to assess given the 'smoothing' of official data, but one clear signal that the economy is struggling is the recent stimulus package announced by the authorities – policy moves can often be re...
The timing of China’s new stimulus package is not coincidental. Arriving just before the 75th anniversary of the People’s Republic, the announcement was well-received by equity investors, leading to a surge of more than 15% in the country’s main stock indices. China’s EconomyGlobal Econom...
The NDRC official said that "the economy performed stably this year", as fixed-asset investment jumped 4.2 percent year-on-year in the first two months of the year, 1.2 percentage points higher than the growth in 2023. 发改委官员表示,“今年经济运行平稳”,今年前两个月固定资产投资同比增长4.2...
This year, in the face of multiple challenges, China has maintained the overall stability of its economy by effectively coordinating COVID-19 policy with economic and social development, and introducing a series of stimulus packages to support enterprises, stabilize consumer prices, and boost the con...