Category: china
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Liu Guozhong Emphasizes the Importance of Remembering the Initial Mission of Doctors and Ensuring People’s Health While Visiting Frontline Medical Workers
Today marks the sixth China Physician’s Day, themed “Shouldering the Health Mission, Crafting New Achievements for the Era.” Liu Guozhong, member of the Political Bureau of the Communist Party of China Central Committee and Vice Premier of the State Council, visited Xuanwu Hospital of Capital Medical University and Donghuashi Community Health Service Center in Dongcheng…
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China’s People’s Bank of China Establishes New Branches Nationwide
In accordance with the “Reform Plan for Party and State Institutions,” China’s People’s Bank of China (PBOC) has successfully established new branches across the country, furthering their commitment to enhancing their presence and services. On August 18, 2023, a total of 31 provincial branches, 5 standalone municipal branches in Shenzhen, Dalian, Ningbo, Qingdao, and Xiamen,…
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Vice Premier Liu Guozhong Emphasizes Strengthening Agricultural Disaster Resilience and Health Epidemic Preparedness in Heilongjiang
Liu Guozhong, member of the Political Bureau of the Communist Party of China Central Committee and Vice Premier of the State Council, conducted a research visit to Heilongjiang Province from August 13 to 14 to examine agricultural disaster resilience, autumn grain production, and health epidemic preparedness. He highlighted the need to implement General Secretary Xi…
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Enhancing Health and Agricultural Recovery in Disaster Areas: Ensuring Post-Disaster Health and Abundant Crop Harvest
Liu Guozhong, member of the Political Bureau of the Communist Party of China Central Committee and Vice Premier of the State Council, conducted research in Hebei and Beijing to evaluate the progress of health and epidemic prevention efforts, as well as the restoration of agricultural production in disaster-stricken regions. Emphasizing the importance of adhering to…
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Policy “Combination Punch” to Drive Economic Continuity – Four Departments Explain Macroeconomic Policy Focus
China’s economy has shown overall signs of recovery and improvement this year, but it also faces new challenges. How can macroeconomic policies be better deployed to sustain economic recovery? On August 4, the National Development and Reform Commission, the Ministry of Finance, the People’s Bank of China, and the State Taxation Administration jointly held a…
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Efforts in Full Swing for Continuous Flood Rescue and Relief Operations
On August 3rd, the water levels of major rivers in the Haihe River Basin’s upstream were stabilizing and gradually receding. Meteorological forecasts indicated that the rain process in the Haihe River Basin had essentially ended. According to hydrological monitoring statistics, the main river channels of the Haihe River Basin, including Ziya River, Yongding River, Daqing…
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China’s Central Bank Holds Symposium to Boost Financial Support for Private Enterprises
China’s central bank, the People’s Bank of China, recently convened a symposium to discuss and promote financial support for the development of private enterprises. The meeting, chaired by the bank’s Party Secretary and Governor, Pan Gongsheng, aimed to facilitate better coordination between financial institutions and private enterprises, explore ways to enhance financial support, and foster…
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People’s Bank of China and State Administration of Foreign Exchange Hold Conference on Themed Education Research Findings
Beijing, China – On August 1st, the Chinese Communist Party Committee of the People’s Bank of China (PBOC) and the Party Group of the State Administration of Foreign Exchange (SAFE) held a conference to exchange research findings from their themed education and investigation activities. During the meeting, they thoroughly studied and implemented the important instructions…
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China’s Central Bank and State Administration of Foreign Exchange Hold 2023 Second Half-Year Work Conference
The People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) held their work conference for the second half of 2023. The conference extensively studied and implemented Xi Jinping’s thought on socialism with Chinese characteristics for the new era, faithfully executed the Party Central Committee and the State Council’s decisions and arrangements…
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China Approves Nuclear Power Projects and Extends Pilot Program for Hong Kong and Macao Legal Practitioners in Greater Bay Area
China’s State Council Executive Meeting was held on July 31, 2023, with Premier Li Keqiang presiding. During the meeting, the attendees focused on studying and implementing the important speech by General Secretary Xi Jinping concerning the current economic situation and economic work. They also discussed the follow-up arrangements for expiring phased policies. In the meeting,…
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China’s Super Cities Focus on Urban Village Renovation: Vice Premier He Lifeng Addresses Teleconference
A teleconference was held in Beijing to discuss the active and steady progress of urban village renovation in China’s super large and mega cities. Vice Premier of the State Council, He Lifeng, attended the meeting and delivered a speech. He Lifeng pointed out that the active and steady progress of urban village renovation in super…
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China Ensures Energy and Power Security for Peak Summer Demand
In the face of peak summer demand and soaring temperatures, China is putting all efforts into safeguarding energy and power security. During a policy briefing held by the State Council on July 26, Deputy Secretary-General of the National Development and Reform Commission, Ou Hong, highlighted the significant pressure on energy and power security due to…
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State Councilor Chen Yiqin Calls for High-Quality Development of Tourism Industry, Emphasizes Enhancing Tourism Products and Services
State Councilor Chen Yiqin presided over a symposium with experts and business leaders on July 25th to implement the directives of the Central Political Bureau meeting and seek opinions and suggestions to further tap the potential of tourism consumption and promote the high-quality development of the tourism industry. After carefully listening to the participants’ speeches,…
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China’s Pan Gongsheng Attends EMEAP’s 28th Central Bank Governors’ Meeting in Japan to Discuss Regional Economic and Financial Issues
Pan Gongsheng, the Party Secretary of the People’s Bank of China and the Director of the State Administration of Foreign Exchange, attended the 28th Central Bank Governors’ Meeting of the East Asia and Pacific Central Banks (EMEAP) in Yokohama, Japan. The meeting discussed regional economic and financial situations, as well as issues related to sustainable…
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Chinese People’s Bank of China Party Secretary and State Administration of Foreign Exchange Director Pan Gongsheng Attends the 12th Trilateral Central Bank Governors
On July 23, 2023, the 12th Trilateral Central Bank Governors’ Meeting of China, Japan, and South Korea was held in Yokohama, Japan. This marked the first time the meeting took place in four years. Lee Chang-yeol, the Governor of the Bank of Korea, chaired the meeting, while Pan Gongsheng, Party Secretary of the Chinese People’s…
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Li Keqiang Presides Over State Council Executive Meeting
Premier Li Keqiang presided over the State Council’s executive meeting on July 21, 2023. During the meeting, the current flood control and drought relief efforts were reported, and two important measures were approved: guidelines for promoting the transformation of urban villages in large and super-large cities, and the draft Social Insurance Handling Regulations. Flood Control…
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Chinese Central Bank Officials Meet with Hong Kong Monetary Authority to Strengthen Financial Cooperation and Support Hong Kong’s International Financial Center Status
On July 20, 2023, Pan Gongsheng, the Party Secretary of the People’s Bank of China and Director of the State Administration of Foreign Exchange, met with a delegation from the Hong Kong Monetary Authority (HKMA) led by Chief Executive Eddie Yue. During the meeting, they discussed ways to support and consolidate Hong Kong’s position as…
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People’s Bank of China and State Administration of Foreign Exchange Hold Special Education Symposium
In order to promote in-depth understanding and implementation of Xi Jinping’s Thought on Socialism with Chinese Characteristics for the New Era, and to gain deeper insights into General Secretary Xi Jinping’s important statements on promoting high-quality development and technological self-reliance, the People’s Bank of China and the State Administration of Foreign Exchange recently held a…
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China’s Central Bank and State Administration of Foreign Exchange Raise Cross-Border Financing Macro-Prudential Adjustment Parameter
In an effort to further improve the management of comprehensive cross-border financing and increase the sources of cross-border funds for enterprises and financial institutions, guiding them to optimize their asset-liability structure, the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) have decided to raise the macro-prudential adjustment parameter for cross-border…
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China’s Producer Price Index in Industrial Sector Declines in June 2023
The National Bureau of Statistics of China has released the data for the Producer Price Index (PPI) in the industrial sector for June 2023. The report reveals a year-on-year decrease of 5.4 percent in the PPI for manufactured goods and a month-on-month drop of 0.8 percent. Additionally, the purchasing prices for industrial producers experienced a…