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BEIJING, Sept. 7 (Xinhua) -- China's foreign exchange reserves totaled 3.0549 trillion U.S. dollars at the end of August, down 49.2 billion U.S. dollars from July, data from the State Administration of Foreign Exchange showed Wednesday.'Cross-border capital flows were rational and orderly, and supply and demand in the domestic foreign exchange market remained generally balanced,' said Wang Chunying, deputy director and spokesperson of the administration.Wang attributed the decrease in foreign exchange reserves to factors including exchange rate conversion and asset price changes. O...
发布时间: 2022 - 09 - 08
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BEIJING, Sept. 6 (Xinhua) -- China will raise the retail prices of gasoline and diesel from Wednesday based on recent changes in international oil prices, the country's top economic planner said Tuesday.Gasoline and diesel prices will increase by 190 yuan (about 27.5 U.S. dollars) and 185 yuan per tonne, respectively, according to the National Development and Reform Commission (NDRC).Under the current pricing mechanism, if international crude oil prices change by more than 50 yuan per tonne and remain at that level for 10 working days, the prices of refined oil products such as gasoline an...
发布时间: 2022 - 09 - 07
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BEIJING, Sept. 6 (Xinhua) -- China's major state-owned banks stepped up lending to support the real economy in the first half of 2022 (H1), with more new loans flowing to infrastructure development, manufacturing, and other key economic drivers.The latest semi-annual reports of the six largest state-owned commercial banks showed that four of them issued more than 1 trillion yuan (about 144.73 billion U.S. dollars) of new loans in H1.New domestic yuan loans of the Industrial and Commercial Bank of China (ICBC), China's biggest commercial lender, reached 1.61 trillion yuan during the fir...
发布时间: 2022 - 09 - 07
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BEIJING, Sept. 5 (Xinhua) -- China's central bank on Monday said that it will cut the foreign exchange reserve requirement ratio for financial institutions by 2 percentage points from Sept. 15.The reserve requirement ratio will be reduced from its current 8 percent to 6 percent, the People's Bank of China said in a short notice on its website.The move aims to improve 'financial institutions' ability to use foreign exchange capital,' according to the notice.'The cut will help increase the liquidity of the U.S. dollar in the market and contribute to the stability of the r...
发布时间: 2022 - 09 - 06
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BEIJING, Sept. 3 (Xinhua) -- Air China and the British engineering giant Rolls-Royce announced they are entering into a new joint venture of engine maintenance, repair, and overhaul (MRO) in Beijing at the ongoing 2022 China International Fair for Trade in Services.The new joint venture, Beijing Aero Engine Services Company Limited (BAESL), will provide MRO support on the Rolls-Royce Trent 700, Trent XWB-84, and Trent 1000 aero engines. Air China currently has all three engine types in its fleet.Air China and Rolls-Royce each hold 50 percent of the shares in the joint venture with the contract...
发布时间: 2022 - 09 - 06
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