BEIJING – China’s fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo’an told a press conference Friday. The country’s total fiscal expenditure is projected to surpass 30 trillion yuan ($4.35 trillion)…
BEIJING – China’s fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo’an told a press conference Friday. The country’s total fiscal expenditure is projected to surpass 30 trillion yuan ($4.35 trillion)…
BEIJING – China’s fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo’an told a press conference Friday. The country’s total fiscal expenditure is projected to surpass 30 trillion yuan ($4.35 trillion)…
BEIJING – China’s fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo’an told a press conference Friday. The country’s total fiscal expenditure is projected to surpass 30 trillion yuan ($4.35 trillion)…
China is poised for a strong start to its 15th Five-Year Plan (2026-30) period, with a wave of policy measures set to translate into fresh growth momentum this year, according to a leading expert. Pan Jiaofeng, president of the Institutes of Science and Development at the Chinese Academy of Sciences, expressed confidence that the world’s…
BEIJING – Measured by purchasing power parity, the scale of China’s consumer market topped the world during the 14th Five-Year Plan period (2021-2025), Commerce Minister Wang Wentao told a press conference Friday. China’s per capita GDP rose from $10,000 to over $13,000 between 2021 and 2025, while household consumption has exhibited some changes in its…
As children count the lucky money they have received during the Spring Festival, banks are racing to claim a share of it. Lenders have rolled out unique products featuring preferential rates, special perks and parent-child co-management accounts to tap family assets and cross-sell wealth management as well as insurance products, as shrinking net interest margins…
BEIJING — Total market capitalization of A-shares has exceeded 110 trillion yuan ($15.9 trillion), said Wu Qing, chairman of the China Securities Regulatory Commission, at a press conference Friday on the sidelines of the fourth session of the 14th National People’s Congress. Tanks to chinadaily.com.cn Please visit: Our Sponsor
The draft outline of China’s 15th Five-Year Plan (2026-30) has proposed achieving a notable increase in household consumption as a share of GDP. Marshall Mills, International Monetary Fund’s senior resident representative in China, said the IMF welcomes China’s emphasis on boosting domestic demand and promoting consumption. Rebalancing toward domestic consumption will unlock China’s growth potential,…
China will expand two-way investment cooperation by deepening reform of the institutional framework for promoting foreign investment and ensuring national treatment for foreign-funded enterprises, Premier Li Qiang said on Thursday. Delivering the annual government work report on behalf of the State Council at the opening meeting of the fourth session of the 14th National People’s…