China is confident that it will achieve positive growth in its foreign trade in the second half of the year, with new measures aiming to stabilize foreign trade introduced amid weakening external demand, Vice Commerce Minister Wang Shouwen told a press conference on Tuesday.Wang also expressed confidence in the role of foreign trade expansion in shoring up the country's economic recovery.Previous data showed that China's foreign trade sustained growth momentum in the first eight months of the year, jumping 10.1 percent year on year to 27.3 trillion yuan (about 3.95 trillion U.S. dollar...
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2022
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28
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China will allow market entities to defer payments of certain government-levied charges to further reduce financial burdens, and offer tax concessions for private pension schemes, according to a State Council executive meeting. At the meeting, chaired by Chinese Premier Li Keqiang on Monday, decisions were also made to enhance government services, ensure a bumper autumn harvest with improved rural infrastructure, and promote the development of the self-employment sector. Payments of certain government-levied charges and deposits will be temporarily deferred to further ease the burden...
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2022
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BEIJING, Sept. 26 (Xinhua) -- China has stepped up efforts to save jobs this year, with some 64.63 billion yuan (9.19 billion U.S. dollars) having already been offered to businesses this year. Unemployment insurance refunds totaling 44.84 billion yuan were given to some 7.21 million enterprises, or more than half of all employers covered by the social security net, in the first eight months of the year, according to the Ministry of Human Resources and Social Security. The amount of money and number of beneficiaries were respectively 1.9 and 1.8 times their levels reported for the who...
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2022
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BEIJING, Sept. 26 (Xinhua) -- China's construction sector kicked into high gear as the country doubled down on infrastructure investment to spur economic growth. As a barometer of the country's infrastructure and fixed-asset investment, the latest excavator index, showed accelerated pace of construction activity. During the Jan.-Aug. period, the average monthly operating rate of construction machinery in China was 61.45 percent, with the monthly rate for August alone standing at 63.99 percent, sustaining growth momentum since the second quarter, showed the index, jointly trac...
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2022
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China's renminbi is expected to continue its steady rise in global use and play a bigger part in safeguarding international financial stability, as the country further advances its financial opening-up while deepening trade and investment cooperation, experts said. Their comments follow a report released on Friday by the People's Bank of China, the central bank, saying that the renminbi has played a growing international role in payment, investment, financing and foreign exchange reserves. The renminbi internationalization composite index — a gauge created by the central bank...
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2022
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26
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