Category: china
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Ding Xuexiang Attends and Addresses the Opening Ceremony of the First “Belt and Road” Science and Technology Exchange Conference
The inaugural “Belt and Road” Science and Technology Exchange Conference commenced in Chongqing on November 6. Yuan Jiajun, member of the Political Bureau of the CPC Central Committee and Secretary of the Chongqing Municipal Committee, read the congratulatory letter from President Xi Jinping at the opening ceremony. Ding Xuexiang, member of the Political Bureau of…
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China-Australia Annual Prime Ministers Meeting Joint Statement
In an annual meeting between Chinese Premier Li Keqiang and Australian Prime Minister Anthony Albanese, both leaders reaffirmed their commitment to the comprehensive strategic partnership between China and Australia. The meeting, held to commemorate the 50th anniversary of the first visit to China by former Australian Prime Minister Edward Gough Whitlam, concluded with the successful…
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People’s Bank of China (PBOC) and State Administration of Foreign Exchange (SAFE) Hold Expanded Meeting to Implement Central Financial Work Conference Agenda
On November 2nd, the Communist Party Committee of the People’s Bank of China (PBOC) and the Party Group of the State Administration of Foreign Exchange (SAFE) convened an expanded meeting. The purpose was to convey and study the crucial insights shared by General Secretary Xi Jinping during the Central Financial Work Conference. Premier Li Keqiang’s…
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Report on the Internationalization of the Renminbi (RMB) in 2023
The People’s Bank of China, guided by Xi Jinping’s Thought on Socialism with Chinese Characteristics for a New Era since 2022, has diligently implemented the decisions of the Party Central Committee and the State Council. Adhering to the general working principle of seeking progress while maintaining stability, and emphasizing reform, openness, mutual benefit, and coordinated…
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Launch of Implementation for Digital Transformation Pilot Cities for Small and Medium Enterprises (SMEs) in China
The Ministry of Industry and Information Technology announces the official commencement of the implementation of digital transformation pilot cities for small and medium enterprises (SMEs) across the nation today, October 29. The initial phase includes 30 cities/regions, such as Suzhou, Xiamen, Changchun, and Ningbo. These cities will receive fixed incentives from the central government, aiming…
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China’s Central Bank Advances Theme Education on Xi Jinping Thought
The People’s Bank of China convened the second phase of the study and implementation of Xi Jinping’s thought on socialism with Chinese characteristics for a new era. The meeting, held on October 27, focused on in-depth learning of General Secretary Xi Jinping’s recent important speeches and directives on theme education. Key Points: Qu Jishan highlighted…
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People’s Bank of China to Release 2024 Edition Panda Precious Metal Commemorative Coins
The People’s Bank of China has announced the upcoming issuance of a collection of 14 precious metal commemorative coins featuring pandas, set to be released on October 30, 2023. These coins include 6 common panda gold and silver commemorative coins, as well as 8 refined panda precious metal commemorative coins, all recognized as legal tender…
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People’s Bank of China Governor Meets Blackstone Group Chairman
Today, Mr. Pan Gongsheng, Governor of the People’s Bank of China and Director of the State Administration of Foreign Exchange, held a meeting with the visiting delegation led by Mr. Stephen A. Schwarzman, Chairman and CEO of the Blackstone Group. During the meeting, the two sides engaged in discussions on global economic and financial situations,…
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Vice Premier Zhang Guoqing Emphasizes Accelerated Development of Advanced Manufacturing in Fujian
Vice Premier Zhang Guoqing, a member of the Political Bureau of the Communist Party of China Central Committee and Vice Premier of the State Council, attended the opening ceremony of the 2023 World Maritime Equipment Conference in Fujian from October 11 to 12. During his visit, he emphasized the need to vigorously develop advanced manufacturing…
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People’s Bank of China (中国人民银行) Conducts 2023 Research Work Video Conference
The People’s Bank of China recently convened a video conference to discuss research work for the year 2023. The meeting provided a comprehensive review of the research system’s activities since 2022, analyzed the current economic and financial situation, and outlined key research tasks for the near future. Xuan Changneng, a member of the People’s Bank…
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Premier Li Keqiang Emphasizes Shaping New Momentum and Advantages in High-Quality Development Through Accelerated Digital Transformation in Zhejiang
Hangzhou, October 9, 2023: During his research visit to Zhejiang from October 7 to 9, Li Keqiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China and Premier of the State Council, highlighted the need to deeply understand and implement General Secretary Xi Jinping’s important directives on the…
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Infrastructure Progress Across China: Major Developments Unveiled
As autumn unfolds, significant progress is evident in major construction projects across the country. Recent updates highlight advancements in infrastructure development in various regions. In Shaanxi: Expansion of Jingkun Expressway Segment Completed The expansion of the Jingkun Expressway segment from Pucheng to Laoyu achieved full connectivity, showcasing a new look with eight lanes in each…
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Positive Trends in China’s Electronic Information Manufacturing Sector in the First Eight Months of 2023
According to data from the Ministry of Industry and Information Technology, China’s electronic information manufacturing industry has continued its recovery and improvement in production during the first eight months of this year. The decline in exports has sustained a narrowing trend, profitability is recovering rapidly, and investments are stabilizing. From January to August, the value…
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Over 40% of Autumn Grain Harvested Nationwide, Focus on Stabilizing Area and Increasing Efficiency
The Ministry of Agriculture and Rural Affairs reported on October 5 that the national autumn grain harvest has reached 42.2%. Breakdown by crops indicates that more than half of the early rice has been harvested, over 40% of corn, and nearly 40% of soybeans. In regions producing winter wheat and winter rapeseed, soil moisture conditions…
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China’s Magnetic Appeal to Foreign Investment
Representatives from nearly 40 multinational companies recently explored the opportunities in Xiong’an New Area, a city symbolizing China’s future development. Simultaneously, the China Council for the Promotion of International Trade facilitated communication between over 20 multinational companies and local government officials in Hefei, Anhui, fostering potential collaborations. As China’s economy regains normalcy, scenes of such…
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China Implements Coordinated Macroeconomic Policies to Ensure Growth Stability
Throughout this year, macroeconomic policies in finance, taxation, and other sectors have closely cooperated and worked in the same direction to strengthen the positive momentum of China’s economic recovery. The proactive fiscal policy has been consistently reinforced to support the positive development of the economy. As of the end of August, the central budget’s internal…
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China Extends Multiple Tax and Fee Incentives Until 2027
In a recent move, China’s Ministry of Finance and the State Administration of Taxation have announced the extension of several tax and fee incentives, effective until 2027. Let’s explore some key highlights: Heating Industry in the “Three North” Region: Financial Institutions: Enterprise Restructuring and Mergers: Railway Construction Investors: Specialized Products for Disabled Individuals: Border Tea…
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China and Germany Co-Chair Third High-Level Financial Dialogue
The third high-level financial dialogue between China and Germany took place on October 1 in Frankfurt, Germany. Leading the dialogue were Mr. He Lifeng, member of the Political Bureau of the Central Committee of the Communist Party of China, Vice Premier of the State Council, and the Chinese head of the dialogue mechanism, along with…
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China Unveils Measures to Boost High-Quality Tourism Development
In line with the important directives of General Secretary Xi Jinping on cultural and tourism work, and the spirit of the Central Political Bureau meeting, the State Council Office has recently issued a set of measures titled “Several Measures to Unleash the Tourism Consumption Potential and Promote High-Quality Tourism Development” (referred to as “The Measures”).…
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China and Indonesia Central Banks Sign Memorandum of Cooperation
On September 27, 2023, Pan Gongsheng, the Governor of the People’s Bank of China and Director of the State Administration of Foreign Exchange, met with Perry Warjiyo, the Governor of the Central Bank of Indonesia. During their meeting, the central bank governors from both countries signed a “Memorandum of Understanding on Cooperation between the People’s…