China’s exports grew 29.9% last year compared to the results obtained during 2020. The figure means a record surplus of US $ 676.4 billion, according to data published this Friday by the General Administration of Customs. Thus, only in December, the trade surplus of the Asian giant grew by 20.8% compared to the previous year […]
Tag: China
China’s new bank loans hit a record $ 3.13 trillion in 2021
Updated on 01/12/2022 11:09 am New bank loans in China fell more than expected in December from the previous month, but lending in 2021 hit a record, as the central bank slowly strengthens its monetary support to cushion the slowdown in the economy. Chinese banks provided 1.13 trillion yuan ($ 177.56 billion) in new yuan […]
Prices stabilize in China, in contrast to the rest of the world
Unlike the great economies of the world, China last year registered a fall in prices, which opens the way for a drop in interest rates to support an activity penalized by the real estate crisis. In the whole of 2021, inflation rose an average of 0.9% (and 1.5% year-on-year in December, compared to 2.3% in […]
China promises more measures to stabilize trade against risks
Updated on 01/12/2022 04:33 am China promised more measures to stabilize trade as pressure mounts on the government to boost the economy amid worsening domestic COVID outbreaks. The country will optimize a list of imported retail goods for cross-border e-commerce and expand import categories to increase imports of consumer goods, according to guidelines issued by […]
The Beijing Winter Games and the silence of the sponsors
These Winter Olympics in Beijing are treacherous to big funders, who try to keep quiet about the history of human rights abuse of China and safeguard the US $ 1 billion they have disbursed to the International Olympic Committee (IOC). This figure could reach $ 2 billion this year. Sponsors include prestigious brands such as […]
World Bank President asks China to participate “fully” in debt relief to poor countries
Updated on 01/11/2022 02:38 pm The president of the World Bank (WB), David Malpass, urged China, one of the main creditors of poor countries, to participate “fullyIn debt relief efforts. “Many countries now face record levels of foreign and domestic debt as interest rate hikes begin”Said the head of the Washington-based institution. About 60% of […]
Third Chinese city confined on second anniversary of first COVID-19 death
China on Tuesday confined the residents of a third city as the country battles multiple COVID-19 outbreaks on the second anniversary of the first recorded death from the pandemic. Since that January 11, 2020, when that disease still did not have a specific name, COVID-19 has caused almost 5.5 million deaths in the world, which […]
Sales of “clean” vehicles nearly tripled in China
Updated on 01/11/2022 08:45 am Sales of vehicles called “clean”(Electric, hybrid or hydrogen-powered) nearly tripled last year in China, fueled by subsidies in the world’s No. 1 auto market, a professional federation announced Tuesday. China, the world’s leading polluter, wants to have an automobile fleet largely made up of non-polluting vehicles by 2035. In 2021, […]
China buys sanctioned oil from Venezuela at a bargain price
Updated on 01/11/2022 05:08 am China doubled imports of Venezuelan and Iranian crude in 2021, taking full advantage of US-sanctioned regimes, as the nation’s refineries dismissed the risk of sanctions to source cheap oil. Crude processors from the world’s largest importer bought 324 million barrels from Iran and Venezuela in 2021, about 53% more than […]
Goldman: China would maintain border restrictions in 2022
China could maintain its strict border restrictions throughout the year as it prepares to host the Winter Olympics and a series of political events in 2022, said Goldman Sachs Group Inc. Reports that vaccines made by national company Sinovac Biotech Ltd. offer limited protection against the omicron variant will likely bolster China’s determination to pursue […]