Multiple logistics indexes have recently reversed their downward trajectories with improvements in market demand and business operations, indicating China's economic engine is on track to make a comeback thanks to concerted pro-growth policies.During last week's national holiday, China's express delivery firms were swamped with orders, handling more than 4.1 billion parcels in total, the State Post Bureau said on Saturday.An industry index shows the country's courier market bounced back from its previous lows to become brisk in September, a usually buoyant month.The China expre...
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2022
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Since the beginning of this year, new combined tax and fee support policies, a package of policies and measures to stabilize the economy and continuous policies have been launched one after another, and various measures to benefit enterprises and the people have been solidly promoted. At the press conference held in State Taxation Administration of The People's Republic of China a few days ago to implement the policy of tax refund, reduction and exemption, the relevant person in charge of State Taxation Administration of The People's Republic of China introduced that as of September 20...
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2022
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Official website, the State Administration of Foreign Exchange, recently released that as of the end of September 2022, China's foreign exchange reserves amounted to $3,029 billion, down by $25.9 billion or 0.85% from the end of August.In September 2022, cross-border capital flows were generally stable, and domestic foreign exchange supply and demand continued to be basically balanced. In the international financial market, influenced by the monetary and fiscal policies of major countries, macroeconomic data and other factors, the US dollar index rose further, and the global financial asse...
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2022
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The gross domestic product of southwest China's Tibet Autonomous Region grew by an annual average of 9.5 percent from 2012 to 2021, 2.9 percentage points higher than the national average.In 2021, the region's GDP exceeded 200 billion yuan (about 28.17 billion U.S. dollars), according to a press conference held on Thursday by the regional development and reform commission.The per capita GDP exceeded 56,800 yuan in 2021, realizing an average annual growth of 7.6 percent over the decade, 1.5 percentage points higher than the national average.Tibet's industrial structure has been const...
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2022
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The US reacted angrily to the OPEC+ decision on Wednesday to make its sharpest cuts to oil production in two years despite pressure from Washington to increase production, especially during the sensitive period as midterm elections approach.After its first in-person meeting in Vienna on Wednesday, OPEC+ — which includes the Organization of the Petroleum Exporting Countries and other oil producers such as Russia — said it would cut oil production by 2 million barrels a day starting in November.The decision was based on 'uncertainty that surrounds the global economic and oil market outlooks&...
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2022
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