The banks chinese must increase “appropriately” consumer lending and meeting the reasonable financing demands of high-quality real estate companies, the country’s banking and insurance regulator said on Friday. “CBIRC will urge banking institutions to increase consumer lending appropriately”the China Banking and Insurance Regulatory Commission (CBIRC) said in a statement. LOOK HERE: Toast for New Year’s […]
Tag: China
Russia overtakes Saudi Arabia as China’s top crude supplier in November
Imports chinese of crude oil from Russia They rose 17% in November from a year earlier as refiners secured more cargoes ahead of a price cap imposed by the Group of Seven on December 5. LOOK HERE: Pacific Control: opening in Hong Kong aims to double its sales The increase made Russia China’s top oil […]
China gives top economic priority to boosting domestic demand
Top leaders, including President Xi Jinping, agreed to pursue stronger fiscal policy as well as a forceful monetary policy stance to ensure liquidity “wide” in the banking sector after concluding a meeting in which economic policy priorities for the coming year were established, state broadcaster CCTV reported on Friday. They also pledged to help private […]
Crematoriums in Beijing overwhelmed by wave of Covid-19
Workers at Beijing crematoriums said Friday that their establishments are overwhelmed by the unprecedented wave of Covid cases in China which, according to the authorities, will soon reach rural areas of the country. The epidemic is spreading rapidly across the country, a week after most of the health restrictions in place for nearly three years […]
China turns to WTO to remove US control of chip exports
China filed the complaint with the WTO on Monday, according to a statement from its Ministry of Commerce. Trade rules threaten its position in this $580 billion sector, and the country argues that the United States is unfairly using vague security-related justifications to rein in its rival. The chip industry has become a major focus […]
COVID-19 soars in China after easing of restrictions
The number of COVID-19 patients is skyrocketing in Beijing, Chinese authorities reported on Monday, following a decision last week to relax health restrictions that had so far allowed the country to contain the epidemic. Until the beginning of December, only a few residents of Beijing they knew someone close to them who had been infected […]
China contemplates GDP growth target of around 5%
Some officials argue that setting a target at a relatively high level would help local governments shift the focus of their work away from COVID controls and toward boosting the economy, said the people, who asked not to be named because discussions they are private. Other officials worry that a target of around 5% is […]
China will reduce the use of pesticides in fruits and vegetables by 10% by 2025
Chinaconsidered the country with the highest global use of pesticidesintends to reduce its usefulness by 10% in the cultivation of fruits, vegetables and tea within three years, the country’s Ministry of Agriculture announced on Thursday. High levels of chemical pesticides and fertilizers are used on small, highly exploited Chinese plots, but their excessive use can […]
Biden and Xi vow to avoid US-China conflict by opening summit in Bali
The presidents of the United States and China, Joe Biden and Xi Jinping, defended the need to avoid conflict and better manage relations between the two powers during their first personal meeting as leaders. After years of escalating economic and geopolitical tensions, the rulers of the world’s two largest economies have shaken hands as they […]
China readies plan to end COVID flight suspensions
The State Council, which oversees China’s bureaucracy, recently asked government agencies including the civil aviation regulator to prepare to end the mechanism, said the people, who asked not to be identified because the matter is sensitive. The system temporarily bars airlines from operating on specific routes to China for one to two weeks, depending on […]