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State-owned firms asked to strengthen Party leadership

The Central Committee of the Communist Party of China (CPC) issued a trial regulation calling for the strengthening of party leadership in corporate governance at state-owned enterprises (SOEs), the Xinhua News Agency reported Sunday.
Source: Globaltimes.cn | 2020/1/6 0:22:10

Trading with the world

China fulfilled its commitment to increase imports in 2019 amid global rising tides of protectionism. The country boosted domestic economic expansion and offered a beacon of hope for multinationals that had suffered low profit growth in other parts of the world.
Source: Xinhua-Global Times | 2020/1/5 22:38:40

US tech export control could backfire: experts

Intensifying US restrictions on cooperation with China in emerging technologies such as artificial intelligence (AI) could undercut its own domestic industry by cutting off access to a vast market and database required to foster innovation, Chinese analysts said on Sunday.
Source: Global Times | 2020/1/5 22:13:41

Yuan's share of global exchange reserves hits record in Q3 2019: IMF

The share of global foreign reserves held in the yuan stood at 2.01 percent, equivalent to $219.6 billion, in the third quarter of 2019, the highest level in more than three years, according to a report by the IMF.
Source: Global Times | 2020/1/5 21:43:40

China's trade ties with Nepal take off

Nepal, a landlocked country with only about 30 million people, saw trade with neighboring China up around 36 percent year-on-year in the first 10 months of 2019.
Source: Global Times | 2020/1/5 21:23:41

China-Nepal economic relations enter fruitful year

The year 2020 will be the "early harvest year" for China and Nepal to implement their leaders' consensus, with economic and trade ties further developing through more cooperation on the Belt and Road Initiative (BRI), Chinese Ambassador to Nepal Hou Yanqi told the Global Times.
Source: Global Times | 2020/1/5 20:48:40

SAFE to accelerate blockchain platform construction

The State Administration of Foreign Exchange (SAFE) will accelerate the construction of a cross-border platform to offer blockchain services in finance this year. It will also strengthen protection against state financial risks, according to a SAFE meeting on planning work for 2020.
Source: Global Times | 2020/1/5 20:33:40

China aims to curb household debt ratio, serving real economy

The guidance issued by the China Banking and Insurance Regulatory Commission (CBIRC) on promoting the high-quality development of the banking and insurance industries will curb the ratio of household debt, improve the household debt structure and serve the real economy, analysts told the Global Times on Sunday.
Source: Global Times | 2020/1/5 20:23:39

China to pursue stable monetary policy: PBC

China will pursue a stable monetary policy with an appropriate level of flexibility in 2020, the People's Bank of China (PBC), the country's central bank, noted in a statement published on Sunday.
Source: Global Times | 2020/1/5 20:18:40

China-ASEAN trade to burgeon further in 2020, experts say

Trade between China and Southeast Asian countries will continue to boom at a faster speed in 2020, thanks to Beijing's push to increase trade volume with those states under the shadow of the China-US trade war and the two regions' high complementarities in trade structures, experts said on Sunday.
Source: Global Times | 2020/1/5 19:58:39

China will not 'sit idle' if Huawei is excluded from Germany's 5G rollout: official

If Germany passes laws that bar Huawei from participating in local 5G construction without showing solid evidence, China will not “sit idel,” a Chinese official told the Global Times, noting that companies from the European nation have reaped massive benefits from the Chinese market .
Source: Global Times | 2020/1/5 15:48:39

China to pursue stable monetary policy with appropriate flexibility in 2020, PBC says

China will pursue a stable monetary policy with an appropriate level of flexibility in 2020, the People's Bank of China (PBC) noted in a statement it published on Sunday.
Source: Global Times | 2020/1/5 14:28:25

SAFE to accelerate blockchain platform construction in 2020

China's State Administration of Foreign Exchange (SAFE) will accelerate the construction of a cross-border platform to offer blockchain services in finance in 2020, and strengthen protection against state financial risks, according to a SAFE conference on planning work for 2020.
Source: Global Times | 2020/1/5 14:23:02

Xinjiang sees growing foreign trade with Eurasian Economic Union

Northwest China's Xinjiang Uygur Autonomous Region saw 197.2 billion yuan (about $28.31 billion) of imports and exports to member states of the Eurasian Economic Union (EAEU) in the first 11 months of 2019, up 6.8 percent year on year.
Source: Xinhua | 2020/1/5 10:53:30

China unveils revised regulations for foreign banks

China's banking regulator unveiled revised management regulations for foreign banks to advance opening up of the banking sector to a higher level and promote its high-quality development.
Source: Xinhua | 2020/1/4 18:58:29

China aims to add 2,000 km high-speed railways in 2020

China plans to increase its high-speed railway network, already the world's biggest, by adding 2,000 km of new lines in 2020, according to the country's railway operator.
Source: Xinhua | 2020/1/4 18:07:49

China's central bank injects liquidity into market in December

China's central bank continued to pump cash into the money market in December to meet liquidity demand from financial institutions.
Source: Xinhua | 2020/1/4 17:54:54

Struggling to profit from cotton, US farmer counts on trade deal with China

When the news came that China and the United States had agreed on the text of a phase-one deal toward resolving their trade disputes, cotton farmer Joe Boddiford felt greatly relieved.
Source: Xinhua | 2020/1/4 17:10:49