Chinese Premier Li Keqiang has stressed efforts to ensure the implementation of policy measures to stabilize economic growth, employment and prices.Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks at a special meeting after hearing reports from two working groups on work for stabilizing the economy.The working groups have been sent by the State Council to 16 provincial-level regions to supervise and provide services to the localities in resolving difficulties in policy implementation.Vice Premier Han Z...
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2022
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China's major provincial economies are stepping up efforts to stabilize the growth in their regions, with strong focus on expanding effective investment and spurring consumption, as the central government has called on them to take the lead in supporting the country's economy.Experts highlighted the importance of those economically strong provinces to the nation's overall stable growth, fiscal revenues and employment, saying that investment and consumption will accelerate in those provinces with stimulus policies taking effect in the following months.China is at a critical juncture...
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2022
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CHICAGO, Sept. 10 (Xinhua) -- CBOT agricultural futures were mixed in the past week on demand concern related to rising U.S. and world interest rates and the potential recession that could follow. U.S. Labor Department will release August inflation reading which is expected to hold above 8 percent. Chicago-based research company AgResource sees high odds that the Federal Reserve will raise rates by 0.75 percent to 3 percent. The outlook for agricultural futures is complex with tight supply/stocks battling faltering demand. Corn futures have extended the recent supply-driven bull run ...
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BEIJING, Sept. 11 (Xinhua) -- China's trust sector expanded steadily in the second quarter of this year, industry data showed.The outstanding trust asset value came in at 21.11 trillion yuan (about 3.06 trillion U.S. dollars) at the end of June, up 471.5 billion yuan or 2.28 percent from a year earlier, data from the China Trustee Association showed. On a quarter-on-quarter basis, the asset value was up 948.3 billion yuan or 4.7 percent.In terms of trust investment, 26.37 percent of the money, the largest share of all, went to industrial and commercial enterprises, indicating the sector...
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2022
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China launched an advance payment solution based on digital yuan smart contracts on Thursday in the latest step to further enhance the e-CNY's role of reducing transaction costs and better protect consumer rights.The Digital Currency Institute of the People's Bank of China, the country's central bank, unveiled the advance payment solution called 'Yuan Steward' on Thursday, which employs digital yuan smart contracts in e-CNY wallets to prevent payees from wrongfully taking prepaid money.A digital yuan smart contract refers to a set of computer programs that automatically exe...
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2022
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