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A Bright Shared Future – Stories Along the Belt and Road
We hope it will help our readers understand the significance of forging a community of shared future for humanity, the close connection between the Chinese Dream and the aspirations of the people of other countries, and that the Belt and Road is an important platform for building a community of shared future for all peoples.
Consumption rebounds amid signs of recovery
The consumption sector has been gradually recovering from the novel coronavirus epidemic, as the central authorities called for efforts to further release demand in the domestic market and boost household spending.
Stimuli to protect against contagion
China may begin to carry out newly announced economic stimulus measures as soon as April to help shore up domestic demand and achieve economic development goals, economists said on Sunday.
China enhances ventilator production to meet domestic, overseas demand
Chinese enterprises have bolstered capacity in producing ventilators to overcome the imperative shortage amid efforts to fight against the COVID-19, the Ministry of Industry and Information Technology (MIIT) said Monday.
Economic Watch: China pledges stronger macro policies to offset economic impact of COVID-19
To lower lending costs and offset the economic shock of the novel coronavirus (COVID-19) outbreak, China's central bank on Monday pumped liquidity into the market through seven-day reverse repos while cutting its interest rate by 20 basis points. The rate cut has echoed arrangements at the meeting of the Political Bureau of the Communist Party of China Central Committee Friday that prudent monetary policy should be pursued with more moderate flexibility, said Wen Bin, a chief researcher with China Minsheng Bank.
China will continue to attract foreign investment: Ministry
China will take effective policy measures to stabilize its strength in attracting foreign investment in 2020 and provide high-level services to existing foreign-invested companies across the country, a senior commerce official said on Friday.
China can be safe haven for foreign direct investment during pandemic
The UN Conference on Trade and Development has warned that global foreign direct investment could drop by up to 15 percent due to the novel coronavirus outbreak, hitting its lowest level since the 2008 global financial crisis. Before the outbreak of the virus, the organization had projected the FDI could surge by 5 percent this year.
New macro policies to assist recovery
China will modestly raise its budget deficit ratio, issue special sovereign bonds and bolster the scale of local government bonds as part of a slew of macroeconomic policies to cope with impacts of the COVID-19 pandemic, according to a decision made at a key meeting of the Communist Party of China on Friday.
Outbound investment rises 1.8 percent
China's nonfinancial outbound direct investment (ODI) grew by 1.8 percent to 107.86 billion yuan ($15.5 billion) on a yearly basis during the first two months of this year, the Ministry of Commerce said on Thursday.