China’s central bank to better support real economy

Abstract : China's central bank has pledged to step up support for the real economy amid efforts to further lower lending rates and financing costs via reform.

BEIJING, Sept. 28 (Xinhua) — China’s central bank has pledged to step up support for the real economy amid efforts to further lower lending rates and financing costs via reform.

The People’s Bank of China (PBOC) will work to make sure that newly added financing flows will focus on the manufacturing sector and medium, small and micro firms, the PBOC said in a statement on Monday after a regular meeting of its monetary policy committee.

The prudent monetary policy is forward-looking, precise, and timely, which strongly supports epidemic prevention and control measures, the resumption of work and production, as well as the development of the real economy, the meeting noted.

Stressing that the monetary policy should be more flexible and targeted, the meeting urged efforts to ensure the delivery of monetary policy instruments introduced to directly channel funds into the real economy.

The PBOC also called for a higher level of opening-up in the financial sector, as well as a balance between stabilizing growth and preventing risks. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s central bank to better support real economy

Comments

China drives global oil demand growth during pandemic

Abstract : China, with its rising refining industry, has driven global oil demand as the COVID-19 pandemic slashed it, and is emerging in the global refining industry shift, according to the International Energy Agency. Photo taken on July 21, 2020 shows the deck of the Kantan No.3 offshore oil platform in the northern waters of the South China Sea. (Xinhua/Pu Xiaoxu) China’s refiners are becoming a growing force in international markets for gasoline and diesel among other fuels, according to the International Energy Agency. NEW YORK, Nov. 26 (Xinhua) — China, with its rising refining industry, has driven global oil demand as the COVID-19 pandemic slashed it, and is emerging in the global refining industry shift, according to the International Energy Agency. Bloomberg quoted the agency as saying that as the demand for plastics and fuels grows in China and the rest of Asia, where economies are quickly rebounding from the pandemic, the refining capacity in China has been expanded....

China’s Xiamen posts 1,000 China-Europe freight train trips

Abstract : Xiamen, a coastal city in east China's Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. The X8098 train leaves Haicang station in Xiamen of east China’s Fujian Province for Hamburg, Germany, bringing the number of train trips of China-Europe freight train service to 1,000 on June 2, 2021. (Xinhua/Lin Shanchuan) XIAMEN, June 2 (Xinhua) — Xiamen, a coastal city in east China’s Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. With 50 carriages loaded with daily necessities, auto parts and other goods, the X8098 train left the Haicang station of Xiamen for Germany Wednesday morning, bringing the number of train trips of such service to 1,000. Launched in August 2015, Xiamen’s rail cargo service to Europe and Central Asia has so far transported nearly 80,000 TEUs of goods worth more than 3 billion U.S. dollars, which...

BYD new-energy vehicle sales nearly double in April

Abstract : China's leading new-energy vehicle (NEV) manufacturer BYD reported surging sales in April, company data showed Saturday. Workers work on the assembly line at a factory of vehicle manufacturer BYD Auto in Xi’an, northwest China’s Shaanxi Province, Feb. 25, 2020. (Xinhua/Liu Xiao) SHENZHEN, May 8 (Xinhua) — China’s leading new-energy vehicle (NEV) manufacturer BYD reported surging sales in April, company data showed Saturday. In a filing with the Shenzhen Stock Exchange, the Shenzhen-based company said its sales of NEVs, including purely electric vehicles and plug-in hybrid electric vehicles, surged 97.5 percent year on year to 25,662 units in April. In the January-April period, BYD sold 80,413 NEVs, up 128.5 percent year on year. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investmen...

Global-China Information Service

Search This Blog