Category: china
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Deputy Governor Zhang Qingsong of People’s Bank of China Attends the 65th EMEAP Deputy Governors’ Meeting and 34th MFSC Meeting
From September 20 to 22, 2023, Deputy Governor Zhang Qingsong of the People’s Bank of China attended the 65th Deputy Governors’ Meeting and 34th Monetary and Financial Stability Committee (MFSC) Meeting organized by the East Asia and Pacific Central Banks (EMEAP) in Hong Kong. The meetings addressed regional economic and financial conditions, financial institutions’ response…
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China’s Service Sector Continues its Upward Growth Trend with Structural Optimization
In 2023, as the economy steadily recovers and the demand for services from both residents and businesses expands, the effective implementation of various policies supporting service sector development has propelled China’s service industry into a phase of continuous structural optimization and upgrading, jointly sustaining robust growth. Significant Contributions to GDP During the first half of…
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The 12th Meeting of the China-Kazakhstan Cooperation Committee’s Financial Cooperation Sub-Committee Held
On September 22, 2023, the 12th meeting of the China-Kazakhstan Cooperation Committee’s Financial Cooperation Sub-Committee (referred to as the China-Kazakhstan Sub-Committee) was held. The meeting was jointly chaired by the Chinese Co-Chair, Deputy Governor of the People’s Bank of China, Xuan Changneng, and the Kazakh Co-Chair, Deputy Chairman of the National Bank of Kazakhstan, Moldabekova.…
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Liu Guozhong Attends 2023 Chinese Farmers Harvest Festival Home Event in Anhui
Liu Guozhong, a member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, was a notable presence at the national home event of the 2023 Chinese Farmers Harvest Festival held in Wuhu, Anhui Province on September 23rd. During his attendance, Liu Guozhong underscored the importance of conscientiously studying…
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China and the United States Establish Economic Task Force
In line with the crucial consensus reached during the meeting of the leaders of China and the United States on the sidelines of the Bali Summit, and in accordance with the agreement between He Lifeng, Vice Premier of the State Council of China and the Chinese lead for economic and trade negotiations with the United…
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China’s State Council Meeting Focuses on Accelerating New Industrialization
On September 20, 2023, Premier Li Keqiang presided over a meeting of China’s State Council to discuss accelerating progress in the realm of new industrialization. Several key decisions were made during the meeting. The meeting emphasized the need to thoroughly study and implement President Xi Jinping’s important instructions on advancing new industrialization. It involved in-depth…
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China Holds Discussion with Foreign Financial Institutions and Enterprises to Boost Foreign Investment
On September 18, 2023, the People’s Bank of China and the State Administration of Foreign Exchange, represented by Pan Gongsheng, Secretary of the Party Committee and Governor of the People’s Bank of China, and Secretary of the Party Committee and Director of the State Administration of Foreign Exchange, hosted a discussion with foreign financial institutions…
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China and Zambia Strengthen Bilateral Ties during President Hichilema’s Visit
On the afternoon of September 15, Chinese Premier Li Keqiang met with the President of Zambia, Hakainde Hichilema, who was on a state visit to China at the Great Hall of the People in Beijing. During the meeting, Premier Li expressed that China and Zambia share a deep friendship rooted in tradition and a wide…
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China: People’s Bank of China Announces Reduction in Bank Reserve Requirement Ratio
In light of the continued recovery of China’s economy, the sustained strengthening of internal economic forces, and improving social expectations, the People’s Bank of China has decided to reduce the reserve requirement ratio for financial institutions by 0.25 percentage points, effective from September 15, 2023. This reduction excludes financial institutions that have already maintained a…
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China’s Central Bank Governor, Pan Gongsheng, Attends BIS Meeting and Elected as Director
From September 9th to 11th, the Bank for International Settlements (BIS) held its annual meeting of central bank governors in Basel, Switzerland. During this significant gathering, Pan Gongsheng, the Governor of the People’s Bank of China and Director of the State Administration of Foreign Exchange, represented China and was elected as a Director of the…
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Chinese Vice Premier He Lifeng Meets with American Delegation Led by Bo Mairun
On the evening of September 11th, He Lifeng, member of the Political Bureau of the Central Committee of the Communist Party of China and Vice Premier of the State Council, held a meeting at the Diaoyutai State Guesthouse with Bo Mairun, Senior Advisor of the Albright Stonebridge Group and former Executive Vice President of the…
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China and Indonesia Strengthen Ties in Talks Between Premier Li Keqiang and President Joko
On the morning of September 8, 2023, local time, Premier of the State Council Li Keqiang held talks with Indonesian President Joko in Jakarta. Premier Li Keqiang began by conveying President Xi Jinping’s warm greetings to President Joko. Li Keqiang stated that under the strategic guidance of the leaders of both countries, Sino-Indonesian relations have…
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Chinese Premier Li Keqiang Attends and Addresses China-Indonesia Business Dinner
On the evening of September 5, local time, Chinese Premier Li Keqiang attended a China-Indonesia business dinner in Jakarta and delivered a speech. Indonesia’s Coordinator for Cooperation with China and Coordinating Minister Luhut Pandjaitan and around 200 representatives from the business communities of both countries were present. Premier Li Keqiang stated that this marked his…
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Ding Xuexiang Attends and Addresses the 2023 Annual Meeting of China Council for International Cooperation on Environment and Development
On August 30, 2023, Ding Xuexiang, a member of the Political Bureau of the Communist Party of China Central Committee, Vice Premier of the State Council, and Chairman of the China Council for International Cooperation on Environment and Development (CCICED), attended and delivered a speech at the annual meeting of CCICED in Beijing. Ding Xuexiang…
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Li Keqiang Meets with US Secretary of Commerce Raimondo, Emphasizes Healthy Development of China-US Relations
On the afternoon of August 29, Premier of the State Council, Li Keqiang, met with US Secretary of Commerce, Raimondo, at the Great Hall of the People. Li Keqiang expressed that establishing a healthy and stable relationship between China and the United States is beneficial not only for both countries but also for the world.…
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China Continues to Make Strides in High-Speed Rail Construction
Following the end of the heat of summer, major project constructions are persistently advancing across the country. It has been reported that as construction progresses steadily, several high-speed rail projects have achieved new milestones. Major Achievements in Inner Mongolia: In Inner Mongolia, the completion of Pier 1 marked a significant milestone for the lower structure…
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China Extends Tax Incentives to Stabilize Market Expectations
The Chinese Ministry of Finance, in collaboration with other relevant departments, has issued a series of announcements on August 25, further extending a batch of tax incentives in various sectors, including real estate and non-performing debt disposal. These measures aim to bolster market stability and mitigate financial risks. Supporting Housing Upgrades: To continue supporting citizens…
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China Focuses on Developing Standard System to Support Emerging Industries by 2025
In a joint effort, China’s Ministry of Industry and Information Technology, along with the Ministry of Science and Technology, the National Energy Administration, and the National Standards Committee, has issued the “Implementation Plan for the Leading Project of New Industry Standardization (2023-2035)”. This plan aims to enhance the standardization system progressively and guide the innovative…
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China Releases Tax and Fee Incentives to Support Healthy Development of Capital Markets
The Ministry of Finance, in collaboration with relevant departments, has announced a series of measures to provide tax and fee incentives to support the healthy development of capital markets in China. These measures aim to promote the two-way opening and healthy growth of mainland and Hong Kong capital markets. To facilitate the opening and development…
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Chinese Premier Li Keqiang Chairs State Council Special Study on Accelerating Digital Economy Development
Beijing, China – On the afternoon of August 21st, the State Council conducted its third special study session with the theme of “Accelerating Digital Economy Development and Promoting Deep Integration of Digital Technology and the Real Economy.” Premier Li Keqiang presided over the session, with academician Chen Chun from the Chinese Academy of Engineering delivering…