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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…

Fujian partnership boosts chicken breeding in Ningxia

A targeted industrial assistance program under the Fujian-Ningxia partnership helps transform a local poultry breed into a reliable source of income for villagers in Pengyang county, Ningxia Hui autonomous region, helping lift small-scale farming into a standardized and market-oriented operation. [Photo by Tang Caimiao / for chinadaily.com.cn] A targeted industrial assistance program under the Fujian-Ningxia…

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…

China’s first homegrown 100,000-card AI supercluster goes live in Zhengzhou

China has taken a major leap in artificial intelligence infrastructure with the official launch of the Dawning 8000 (Dengfeng) supercluster in Zhengzhou, Henan province, on Friday. [Photo provided to chinadaily.com.cn] China has taken a major leap in artificial intelligence infrastructure with the official launch of the Dawning 8000 (Dengfeng) supercluster in Zhengzhou, Henan province, on…

Converse positions China as its global innovation hub

Amy Yang, general manager of Converse China, speaks at the launch of the new pop-up store on Donghu Road in Shanghai. [Photo provided to chinadaily.com.cn] China has become a central proving ground for Converse’s global repositioning strategy, with the company increasingly relying on the market not only to drive sales but also to shape product development,…