China plans to reduce economic risks
BEIJING – As China struggles to deal with the slowdown of the world’s second-largest economy, it has embarked on a new strategy of placing financial experts in provinces to manage risks and rebuild regional economies.Since 2018, President Xi Jinping has … Continue reading China plans to reduce economic risks
China plans major infrastructure investments
Beijing – China plans 800 billion yuan ($114.38 billion) in railway investment, 1.8 trillion yuan in highway and waterway investment and 90 billion yuan in civil aviation investment in 2020, state radio said, citing Minister of Transport Li Xiaopeng as … Continue reading China plans major infrastructure investments
China: Risk management in housing market
Beijing – China will curb financial risks in the rental housing market by tightening lending to rental housing companies and capping the ratio of their rental income from loans taken by tenants at 30%, the housing ministry said on Wednesday. … Continue reading China: Risk management in housing market
China to reduce import tariffs on key commodities
Beijing – China is to reduce tariffs on more than 850 goods including frozen pork, hi-tech components and vital medicines, in a move billed at opening the economy to freer international trade. The reduction has been approved by the State … Continue reading China to reduce import tariffs on key commodities
Abe and Xi start new era of cooperation
Beijing – Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping agreed Monday to step up cooperation for a “new era” of bilateral relations, showcasing a thaw contrasting sharply with Beijing’s fraught ties with the U.S. Xi greeted Abe … Continue reading Abe and Xi start new era of cooperation