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2021 - 09 - 24
China's issuance of special bonds is expected to accelerate in the third quarter, which will shore up the low, single-digit growth of the country's infrastructure fixed-asset investment (FAI) this year, according to a report from Fitch Ratings.China's infrastructure investment rose 7.8 percent year on year in the first half, easing from a 29.7 percent increase in the first quarter due to the impact of a high base since May last year, official data shows.Fitch attributed the modest infrastructure investment in the first six months to the slow allocation of special bond quotas and we...
2021 - 09 - 22
Chinese President Xi Jinping addressed the United Nations General Assembly Tuesday. Here are 10 points from his speech.1. The history of world civilization is one of fighting pandemics. Rising to challenges, humanity has always emerged in triumph and achieved greater development and advancement. The current pandemic may appear overwhelming, but humanity will surely overcome it and prevail.2. Staying committed to development as a priority:“We need to put development high on the global macro policy agenda, strengthen policy coordination among major economies, and ensure policy continuity, consis...
2021 - 09 - 14
China's value-added industrial output, an important economic indicator, went up 15.9 percent year on year in the first half of this year, data from the National Bureau of Statistics (NBS) showed Thursday.The figure puts average H1 growth for the past two years at 7 percent, 0.2 percentage points faster than the two-year average of Q1 growth from the 2019 level, according to the NBS.In the second quarter, industrial output went up 8.9 percent year on year, while in June alone, it rose 8.3 percent year on year, the NBS said.The industrial output is used to measure the activity of designated ...
2021 - 09 - 06
President Xi Jinping Tuesday stressed efforts to promote common prosperity in the pursuit of high-quality development and coordinate work on forestalling major financial risks.Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks at the tenth meeting of the Central Committee for Financial and Economic Affairs. He is also head of the committee.Common prosperity is an essential requirement of socialism and a key feature of Chinese-style modernization, Xi said, calling for adhering to the people-centered deve...
2021 - 08 - 30
China on Thursday confirmed the meeting between Chinese State Councilor and Foreign Minister Wang Yi and U.S. Deputy Secretary of State Wendy Sherman, saying the two sides will exchange views on bilateral relations.Sherman is on her trip to Asia. She visited Japan on Tuesday, the Republic of Korea on Thursday and will travel to Mongolia before paying a visit to China's Tianjin Municipality from July 25 to 26.Chinese Foreign Ministry spokesperson Zhao Lijian confirmed the visit, adding that Sherman will meet with Xie Feng, China's vice foreign minister in charge of China-U.S. relations,...
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