ECONOMY

正Tariff Adjustments Chinese authorities have released tariff policy adjustments for imports of major technological equipment in response to the nation’s changing industrial development situation.A notice issued by six government agencies,including the Ministry of Finance,revised product catalogues that specify industries encouraged by the government and those that no longer enjoy tax breaks.     

ECONOMY

正New Direct Flight A fl ight connecting the Chinese cities of Tianjin and Xi’an to London was launched on May 7.The fl ight stops in Xi’an,capital of northwest China’s Shaanxi Province and home of the Terracotta Army,en route between Tianjin and London.As the fi rst non-stop service between Shaanxi and Britain,it is expected to strengthen exchanges between the two places.A 260-seat Airbus A330 will operate the service.A one-way fl ight takes 13 to 14 hours,not including the two-hour stopover in Xi’an.     

ECONOMY

正Solid Growth China's economic growth momentum held up in April despite slowing fi xed assets investment and retail sales growth,with analysts expecting the nation's policy stance to remain unchanged in the coming months.Industrial output rose 7 percent year on year in April,1 percentage point higher than in March and 0.5of a percentage point higher than a     

ECONOMY

<正>Home Prices Decline Two interest-rate cuts in three months and the removal of property purchase curbs have so far failed to revive China's housing market,with the pace of price declines accelerating in February.The real estate market continued to falter with new-home prices in February registering month-on-month declines in most surveyed cities.Of 70 large and     

ECONOMY

<正>Adjusting to Slower Pace Growth in China is expected to decelerate to 7.1 percent in 2015 and 6.9 percentby 2017,reflecting a growth trajectory that is slower but more balanced and sustainable——a"new normal"for the world’s second largest economy—according to the World Bank’s China Economic Update released on July 1."In the short run,the slowdown in China’s economic growth means the     

ECONOMY

正FTP Benefits Market entities will enjoy a number of benefits in investment, tax and market access when doing business in the Hainan Free Trade Port (FTP),Shen Xiaoming, Governor of Hainan Province, south China, said on June 8.License application and government approval will not be required     

ECONOMY

正Alibaba Upgrade Leading digital payment platform Alipay unveiled a three-year plan on March 10 to support the digital transformation of 40 million service providers by working with 5,000 independent software vendors.We want to build new infrastructure for a digitalized service industry by upgrading Alipay into a digital lifestyle platform, Simon Hu, CEO of Alibaba's fi nancial affi liate Ant Financial, said at the fi rst Alipay Partner Conference held on the same day.     

ECONOMY

Holiday Consumption The consumer market remained buoyant during the three-day New Year holidau,with the average daily sales of key retail enterprises up 6.2percent year on year,the Ministry of Commerce said on January 4.The companies saw sales of food,clothes,home appliances and digital products,as well as jewelry rise by 3.5 percent,22.8 percent,9.9 percent and 10.3 percent,respectively.     

ECONOMY

正Digital Yuan Pilots and testing or the digital yuan are making steady progress,according to Mu Changchun,head or the Digital Currency Research Institute at the People's Bank of China (PBC),the central bank Mu made the remarks while addressing a summit at the China Development Forum. The forum took place in Beijing on March 20-22.     

ECONOMY

正Gold Consumption Gold consumption soared 93.9 percent year on year to 288.2 tons in China in the first quarter(Q1) of the year, recovering to the level in the same period of 2019, according to data from China Gold Association(CGA) on May 1.In Q1, consumption of gold jewelry surged 83.81 percent from a year earlier to 169.18 tons, while that of gold coins and bars went up 155.67 percent to 96.31 tons.Gold used for industrial and other purposes amounted to 22.71 tons, up 20.03 percent year on year.     

ECONOMY

正GDP Expansion The Chinese economy expanded 12.7 percent year on year in the first half of 2021 as recovery continued,data from the National Bureau of Statistics(NBS) showed on July 15.In the second quarter,the GDP grew 7.9 percent year on year,the data showed. On a quarterly basis,it increased 1.3 percent.Other major economic     

ECONOMY

<正>PMI Data Chinese manufacturing activity waned slightly in December 2014,whereas activity in the service sector rose in the month,official data showed on January 1.The manufacturing purchasing manager’s index(PMI),a key measure of factory activity in China,posted a value of 50.1 in December,down from 50.3 in November,according to data released by the National Bureau of Statistics(NBS)and the China Federation of     

ECONOMY

正Boosting Private Investment The National Development and Reform Commission(NDRC)announced its next round of local-level inspections on May 20,putting the implementation of policies related to private investment under scrutiny.Six teams will be sent to 12provincial-level regions,the NDRC said on its website.In the previous round,nine teams were dispatched by the State Council to 18 provinces and autonomous regions."We aim to improve pro-private investment policies,which respect     

ECONOMY

正Liquidity Easing On March 1,China’s central bank lowered its reserve requirement ratio(RRR)for commercial banks by 0.5percentage points,the latest effort to bolster growth.The move,the first such cut this year,aims to"ensure reasonably ample liquidity in the financial system,guide a stable and appropri-     

ECONOMY

正Helicopter Purchase A Chinese consortium has ordered100 H135 twin-engine helicopters from Airbus Helicopters and will build a fnal assembly line in Qingdao,east China’s Shandong Province,Airbus said on June 13.In a press release,Airbus said that the consortium is made up of China Aviation Supplies Holding Co.,Qingdao United General Aviation Industrial Development Co.and CITIC Offshore Helicopter Co.Ltd.     

ECONOMY

正Debt-for-Equity Swaps The State Council on October 10 released a guideline on the longdiscussed debt-for-equity swaps plan,pledging that the scheme will be conducted in an orderly fashion as the country steps up efforts to tackle high corporate debt.Companies with temporary dif fculties but long-term potential wil be able to exchange their debt for stocks,according to the guideline.     

ECONOMY

<正>Loan Demand The index gauging the overall demand for loans stood at59.5 percent in the fourth quarter (Q4) of 2022,up 0.5 percentage points compared with Q3,the People’s Bank of China said on December 27,2022,when citing the results of a survey among senior management of some 3,200 banking institutions.     

ECONOMY

<正>Digital Yuan The People’s Bank of China (PBC)announced on April 2 that its digital yuan pilot program will expand to more domestic cities.The digital fiat currency,or e-CNY,will be accessible in Tianjin and Chongqing municipalities,Guangzhou in Guangdong Province,Fuzhou and Xiamen in Fujian Province,and six cities in Zhejiang Province hosting the 2022 Asian Games,a PBC statement said.     

ECONOMY

<正>Consumption Boost The General Office of the State Council on April 25 unveiled guidelines to further tap into the country’s consumption potentiaL As part of measures to tackle short-term bottlenecks,large and medium-sized cities will build warehouses in their suburban areas to ensure the supply of daily necessities in case of emergencies.     

ECONOMY

<正>Foreign Trade Firms in the foreign trade sector reported improvements in new orders and operation costs in the second quarter of the year,according to a survey conducted by the China Council for the Promotion of Internmational Trade(CCPIT).During the period,25.43 percent of surveyed firms saw quartero n-quarter growth in trade volume,