After suspending reverse repos for a week, China’s central bank resumed them on Jan 14 in the hope of injecting more liquidity to prepare for Spring Festival on Feb 5.
Development zones get big push from govt
Over the next three years the central government will invest 10 billion yuan ($1.45 billion) via a special fund to support the development of 200 economic development zones, the People’s Daily Overseas Edition reported.
Newly issued loans surpass expectations
China’s financial institutions accelerated lending to support economic growth in November, which boosted bank loans beyond the expected level.
US, China can expect ‘frank’ discussion, including South China Sea and human rights: ambassador Terry Branstad
Secretary of State Mike Pompeo and Defence Secretary James Mattis will host China Politburo member Yang Jiechi and Defence Minister Wei Fenghe on Friday. Diplomatic and security focus, but trade war likely to feature too ahead of planned meeting of presidents Donald Trump and Xi Jinping at G20.
China’s service imports to exceed $2.5t in five years
In the next five years, China’s cumulative service imports are expected to exceed $2.5 trillion, which would contribute over 20 percent to the growth of global service imports, according to a report.
Xi unveils opening-up measures
President Xi Jinping announced a number of measures on Monday, including lowered tariffs and eased market access, intended to promote common growth and build an open global economy.
Hungarian Contemporary Art Exhibition opened at the Chongqing Art Museum
On October 17th, the opening ceremony of Hungarian contemporary art was held at the Chongqing Art Museum. The exhibition will last until November 4th and it is free to the public.
Top 10 financial centers in China
Shanghai, Beijing and Shenzhen safely secured their top three spots as financial centers in China, while the country’s major centers saw their competitiveness enhanced, according to the 10th edition of the China Financial Center Index released by the China Development Institute, a think tank based in Shenzhen, Guangdong province.
China’s telecommunication sector grows steadily in August
China’s telecommunication industry has grown steadily with the number of cellphone users growing rapidly in the first eight months of 2018, official data showed.
Private economy thrives thanks to reform policy
Number of self-employed people has risen substantially since 1978. In the 40 years since China began its reform and opening-up, the number of self-employed people in Wuxi, Jiangsu province, has multiplied by 752 times.