SOURCE >> Economy

China's CPI up 5.2 pct in February

China's consumer price index (CPI), a main gauge of inflation, rose 5.2 percent year on year in February, the National Bureau of Statistics said Tuesday.
Source: Xinhua | 2020/3/10 9:46:27

IMF chief economist calls for targeted policies to limit COVID-19 economic fallout

The COVID-19 outbreak will have "a significant economic fallout," and "substantial targeted policies" are thus needed to support the economy through the epidemic, International Monetary Fund (IMF) chief economist Gita Gopinath said Monday.
Source: Xinhua | 2020/3/10 8:31:33

Shanghai SMEs receive financial support amid COVID-19

Shanghai implemented financial measures on Monday to help small and medium-sized enterprises (SMEs) during the coronavirus (COVID-19) outbreak, which include lowering finance costs, flexible credit policies, and insurance support.
Source: Globaltimes.cn | 2020/3/10 2:07:43

US stock market rout raises calls to end trade war: analysts

US stocks on Monday plunged further, declining after the market opened and triggered a temporary trading halt for the first time in nearly a dozen years, pointing to deepening health concerns of the US economy brought about by the coronavirus (COVID-19) outbreak.
Source: Globaltimes.cn | 2020/3/10 1:36:48

Congestion at Beijing checkpoints causes commuter frustration

As more companies in Beijing resume work, several checkpoints in Beijing bordering North China's Hebei Province have seen serious congestion.
Source: Global Times | 2020/3/9 21:36:22

Chinese local governments to beef up "new infrastructure"

China's local governments have set out for "new infrastructure" projects to offset the economic impact of the novel coronavirus outbreak and cultivate new growth drivers.
Source: Xinhua | 2020/3/9 15:15:15

China's central bank blockchain trade platform gets $4.7m funding

A blockchain trade finance platform spearheaded by the People's Bank of China (PBC), the country's central bank, has acquired special funding for key research and development projects, worth 32.35 million yuan ($4.7 million) over the next three years, media reported on Monday.
Source: Global Times | 2020/3/9 13:24:06

China's coal-rich province ensures energy supply amid epidemic

China's coal-rich province of Shanxi has seen more than 500 coal mines resume production in February, which ensured energy supply amid the outbreak of novel coronavirus.
Source: Xinhua | 2020/3/9 12:21:45

China to have 600,000 5G stations this year despite coronavirus: insider

China's total number of deployed 5G basic stations will reach 600,000 at the end of 2020, an expert said on Sunday, and the rollout is unlikely to be hindered by the coronavirus outbreak.
Source: Global Times | 2020/3/8 20:18:41

China's February CPI likely hit 4.7% under impact of epidemic: analysts

China's consumer price index (CPI) for February probably reached 4.7 percent amid the COVID-19 outbreak, lower than January's 5.4 percent, analysts said on Sunday.
Source: Global Times | 2020/3/8 20:03:40

COVID-19 outbreak dents US' ability to carry out phase one deal: experts

The worsening public health crisis in the US is fueling concerns over Washington's ability to hold up its side of the bargain in the China-US phase one trade agreement and sparking suggestions that the two sides might have to conduct consultations to put the lingering trade war on hold amid the coronavirus battle.
Source: Global Times | 2020/3/8 19:53:40

China's Jan-Feb imports fall beat market expectations, but exports bite the bullet amid coronavirus outbreak

China's imports dropped four percent in terms of US dollar in the first two months of 2020, a range that convincingly overturned market expectations, and manifested that China's strong purchasing powers have not been battered heavily in the wake of the coronavirus outbreak, one Chinese expert said.
Source: Global Times | 2020/3/7 15:49:38

Chinese consumers spend generously on Women's Day with early signs of compensatory consumption

Chinese people are ready to spend generously on Sunday, the Women's Day, after being forced by coronavirus to spend recent festivals like the Spring Festival and Valentine's Day in an unusually thrifty way, showing, what experts called, the early signs of compensatory consumption as the virus fades and businesses resume in China.
Source: Global Times | 2020/3/8 0:29:11

Positive import growth from the US indicates China's confidence to fulfill phase one trade deal: experts

China's imports from the US continue to maintain a positive streak with a 2.5 percent growth in the first two months this year, despite the impact of the coronavirus, customs data showed Saturday.
Source: Global Times | 2020/3/7 20:43:25

ASEAN becomes China's largest trading partner

Association of Southeast Asian Nations(ASEAN)has replaced the EU to emerge as China's largest trading partner in the first two months this year, customs data showed, as many Southeast Asian countries presented an unbreakable supply chain with China to secure trade despite external shockwaves like the coronavirus, experts noted.
Source: Global Times | 2020/3/7 18:03:08

China's exports plunged by 17.2% in Jan and Feb in terms of US dollar

China's exports plunged by 17.2% in Jan and Feb in terms of US dollar, as the #coronavirus outbreak battered trade.
Source: Global Times | 2020/3/7 11:14:53

China's foreign currency reserves drops to $3.1067 trillion in Feb: central bank

China's foreign currency reserves reached $3,106.7 billion at the end of February, falling from $3,115.5 billion at the end of January, according to PBOC.
Source: Global Times | 2020/3/7 10:43:27

Chinese banks report forex settlement surplus in January

China's commercial banks saw a net forex settlement surplus of 44.2 billion yuan (6.4 billion U.S. dollars) in January, the country's forex regulator said Friday.
Source: Xinhua | 2020/3/7 1:11:29