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Appropriately accommodative monetary policy stressed

The People’s Bank of China said on Wednesday that it will continue to apply an appropriately accommodative monetary policy, following the latest quarterly meeting of its monetary policy committee, where the committee deliberated on the policy direction for the coming months. The country’s central bank will strengthen counter and cross-cyclical adjustments, better leverage the dual…

Appropriately accommodative monetary policy stressed

The People’s Bank of China said on Wednesday that it will continue to apply an appropriately accommodative monetary policy, following the latest quarterly meeting of its monetary policy committee, where the committee deliberated on the policy direction for the coming months. The country’s central bank will strengthen counter and cross-cyclical adjustments, better leverage the dual…

Appropriately accommodative monetary policy stressed

The People’s Bank of China said on Wednesday that it will continue to apply an appropriately accommodative monetary policy, following the latest quarterly meeting of its monetary policy committee, where the committee deliberated on the policy direction for the coming months. The country’s central bank will strengthen counter and cross-cyclical adjustments, better leverage the dual…

Easier credit access eyed for gig workers

China is stepping up efforts to improve access to credit for millions of gig workers, with Ding Xiangqun, minister of the National Financial Regulatory Administration, saying the regulator will encourage financial institutions to develop dedicated inclusive financial products for new employment groups, such as truck drivers, ride-hailing drivers, food delivery staff and couriers, to support…

Easier credit access eyed for gig workers

China is stepping up efforts to improve access to credit for millions of gig workers, with Ding Xiangqun, minister of the National Financial Regulatory Administration, saying the regulator will encourage financial institutions to develop dedicated inclusive financial products for new employment groups, such as truck drivers, ride-hailing drivers, food delivery staff and couriers, to support…

Easier credit access eyed for gig workers

China is stepping up efforts to improve access to credit for millions of gig workers, with Ding Xiangqun, minister of the National Financial Regulatory Administration, saying the regulator will encourage financial institutions to develop dedicated inclusive financial products for new employment groups, such as truck drivers, ride-hailing drivers, food delivery staff and couriers, to support…

Hainan FTP delivers robust results of island-wide customs regime in H1

Consumers check out cosmetics at a duty-free shopping mall in Haikou, Hainan province, on June 6. SU BIKUN/FOR CHINA DAILY In the first six months since island-wide special customs operations were launched, Hainan Free Trade Port has delivered robust economic results, with duty-free sales surging, trade expanding and the FTP’s cross-border financial account system gaining…

Hainan FTP delivers robust results of island-wide customs regime in H1

Consumers check out cosmetics at a duty-free shopping mall in Haikou, Hainan province, on June 6. SU BIKUN/FOR CHINA DAILY In the first six months since island-wide special customs operations were launched, Hainan Free Trade Port has delivered robust economic results, with duty-free sales surging, trade expanding and the FTP’s cross-border financial account system gaining…

Shaanxi companies’ five-year plan

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Retail moves seen boosting economy

Shoppers interact with a robot at an unmanned retail store in Shenyang, Liaoning province. ZHAO JINGDONG/FOR CHINA DAILY China’s moves to accelerate innovation in the retail sector are expected to create new sources of consumer demand, inject fresh momentum into the industry and strengthen consumption-driven growth, government officials said on Thursday. The country issued a…