Global-China Information Service

Abstract : China's foreign exchange reserves expanded to 3.2218 trillion U.S. dollars at the end of May, up 23.6 billion dollars from a month earlier, official data showed Monday. BEIJING, June 7 (Xinhua) — China’s foreign exchange reserves expanded to 3.2218 trillion U.S. dollars at the end of May, up 23.6 billion dollars from a month earlier, official data showed Monday. 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: 【Financial Str. Release】China’s forex reserves expand to 3.2218 trln USD

Abstract : China's only policy-oriented insurer specializing in export credit insurance reported steady business growth in the first five months of 2021. BEIJING, June 5 (Xinhua) — China’s only policy -oriented insurer specializing in export credit insurance reported steady business growth in the first five months of 2021. The China Export & Credit Insurance Corporation, or SINOSURE, served about 139,000 clients in the January-May period, increasing 16.3 percent year on year. During the period, the company underwrote about 314.63 billion U.S. dollars worth of insured businesses, up 28 percent year on year. SINOSURE is a state-funded and policy -oriented insurance company that promotes China’s foreign economic and trade development and cooperation. It was officially launched and put into operation in 2001, and its service network now covers the whole country. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal...

Abstract : China's central bank Monday conducted 10 billion yuan (about 1.56 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. BEIJING, June 7 (Xinhua) — China’s central bank Monday conducted 10 billion yuan (about 1.56 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.2 percent, according to a statement on the website of the People’s Bank of China. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. 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, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated inf...

Abstract : Amid the pandemic shock, members of the Asia-Pacific Economic Cooperation (APEC) should safeguard the multilateral trading system and strive to build an Asia-Pacific community with a shared future, China's Commerce Minister Wang Wentao said Saturday. Aerial photo taken on Jan. 14, 2021 shows the container terminal of the Lianyungang Port in Lianyungang City, east China’s Jiangsu Province. (Photo by Geng Yuhe/Xinhua ) BEIJING, June 6 (Xinhua) — Amid the pandemic shock, members of the Asia-Pacific Economic Cooperation (APEC) should safeguard the multilateral trading system and strive to build an Asia-Pacific community with a shared future, China’s Commerce Minister Wang Wentao said Saturday. APEC members should strengthen anti-virus cooperation, promote inclusive and sustainable growth, and build an Asia-Pacific community with a shared future as global development is confronted by severe challenges, Wang said while attending the APEC Ministers Responsible for Trade ...

Abstract : China is expected to embrace a tourism boom during the upcoming Dragon Boat Festival holiday, according to a recent industry report. Visitors ride camels in Kumtag Desert in Shanshan County, northwest China’s Xinjiang Uygur Autonomous Region, May 16, 2021. The county sees boom in desert tourism early May. (Xinhua/Ding Lei) BEIJING, June 5 (Xinhua) — China is expected to embrace a tourism boom during the upcoming Dragon Boat Festival holiday, according to a recent industry report. Some 100 million trips will be made by Chinese tourists within the three-day holiday starting next week, a report from online travel booking platform Ctrip estimated. It envisioned that the number of trips will return to the 2019 level in the same holiday period. Beijing, Shanghai and Hangzhou are expected to be the top three destinations, the report said, adding that middle- and short-distance trips will be favored by most tourists. This year’s Dragon Boat Festival holiday runs from June 12...

Abstract : China will properly handle disputes regarding anti-dumping and countervailing duties on barley imported from Australia, in line with the dispute settlement procedures of the World Trade Organization (WTO), the commerce ministry said on Thursday. BEIJING, June 3 (Xinhua) — China will properly handle disputes regarding anti-dumping and countervailing duties on barley imported from Australia , in line with the dispute settlement procedures of the World Trade Organization (WTO), the commerce ministry said on Thursday. The Chinese government has always respected the WTO rules and has managed its foreign trade according to these rules, Gao Feng, a spokesperson with the Ministry of Commerce (MOC), said in response to the WTO’s recent establishment of a panel to resolve the disputes. As for New Zealand’s participation in the case, Gao said that China respects the country’s right as a WTO member to be involved in hearings on the relevant disputes as a third party. China laun...

Abstract : China's foreign exchange regulator Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. BEIJING, June 3 (Xinhua) — China’s foreign exchange regulator Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. A total of 10.3 billion U.S. dollars in quotas was granted to 17 institutions under the Qualified Domestic Institutional Investor (QDII) program, a scheme for outbound investment , according to the State Administration of Foreign Exchange (SAFE). Among these institutions were fund companies, securities firms, insurers, and banks, said the regulator, adding that the move brought China’s total QDII quota to 147.32 billion U.S. dollars. The quotas approved Wednesday were the largest since the country implemented the QDII scheme in 2006. Over the years, China has gradually normalized and accelerated the issuance of QDII quotas. Since Septe...

Abstract : China will hold more than 4,900 events to promote cultural and natural heritage across the country, the National Cultural Heritage Administration said Thursday. BEIJING, June 3 (Xinhua) — China will hold more than 4,900 events to promote cultural and natural heritage across the country, the National Cultural Heritage Administration said Thursday. The activities are designed to celebrate this year’s Cultural and Natural Heritage Day, which falls on June 12. Forums, publicity campaigns, and exhibitions will be held online and offline in southwest China’s Chongqing Municipality, the host city of this year’s celebration. Since 2006, China has celebrated Cultural Heritage Day on the second Saturday of June. In 2017, it was renamed Cultural and Natural Heritage Day. 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, include BRI Po...

Abstract : Chinese State Councilor and Foreign Minister Wang Yi on Thursday held talks with Soroi Eoe, minister of foreign affairs and international trade of Papua New Guinea (PNG), in Guiyang, capital of southwest China's Guizhou Province. Chinese State Councilor and Foreign Minister Wang Yi (R) meets with Soroi Eoe, minister of foreign affairs and international trade of Papua New Guinea (PNG) in Guiyang, capital of southwest China’s Guizhou Province, June 3, 2021. (Xinhua/Yang Wenbin) GUIYANG, June 3 (Xinhua) — Chinese State Councilor and Foreign Minister Wang Yi on Thursday held talks with Soroi Eoe, minister of foreign affairs and international trade of Papua New Guinea (PNG), in Guiyang, capital of southwest China’s Guizhou Province. Noting this year marks the 45th anniversary of the establishment of diplomatic ties between the two countries, Wang said that the most important experience of the two countries’ relations is that both sides have always been treating each...

Abstract : More than 704.8 million doses of COVID-19 vaccines had been administered across China as of Wednesday, the National Health Commission (NHC) said Thursday. BEIJING, June 3 (Xinhua) — More than 704.8 million doses of COVID-19 vaccines had been administered across China as of Wednesday, the National Health Commission (NHC) said Thursday. The number of doses administered has continued to rise at an ever-faster rate since China hit the landmark figure of 100 million on March 27. China took just 25 days to hit the next milestone of administering 200 million doses nationwide. It only took five days to increase vaccine distribution from 600 million doses to 700 million. A total of 20 vaccines have entered clinical trials in China since last year, according to Zheng Zhongwei, an official with the NHC. “China has been taking the lead in terms of the number of vaccines that are being developed.” While quickening domestic vaccination and vaccine research and development, China ha...

Abstract : The Chadian government has received a donation of vaccines against the novel coronavirus from Chinese pharmaceutical company Sinopharm. Chinese Ambassador to Chad Li Jinjin (3rd L) and the Chadian Minister of Public Health and National Solidarity Abdoulaye Saber Fadoul (2nd L) are present for the arrival of a donation of vaccines against the novel coronavirus from Chinese pharmaceutical company Sinopharm at the N’Djamena International Airport in Chad, June 2, 2021. (Chinese Embassy in Chad/Handout via Xinhua) N’DJAMENA, June 3 (Xinhua) — The Chadian government has received a donation of vaccines against the novel coronavirus from Chinese pharmaceutical company Sinopharm. “China strongly believes that the vaccine should be a global public good. Despite domestic demand, we have delivered on our promise by delivering the vaccine to more than 80 developing countries in urgent need,” said Chinese Ambassador to Chad Li Jinjin at the N’DJAMENA International Airport Wednesda...

Abstract : Adopting a scientific approach is of great importance amid China's efforts to promote high-quality afforestation, Head of the National Forestry and Grassland Administration Guan Zhiou said Thursday. BEIJING, June 3 (Xinhua) — Adopting a scientific approach is of great importance amid China’s efforts to promote high-quality afforestation, Head of the National Forestry and Grassland Administration Guan Zhiou said Thursday. Guan made the remarks when commenting on the guideline on adopting scientific measures in China’s afforestation work, which was issued recently. He said it helps enhance the systematicness, synergy, and effectiveness of ecological protection and restoration in an interview with Xinhua. Highlighting 14 measures of scientific afforestation, the guideline urged efforts in fields including planning, land arrangement, utilization of water resources, selection of green species, vegetation restoration, returning farmland to forest and grassland, and innov...

Abstract : China's central bank Wednesday conducted 10 billion yuan (about 1.57 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. BEIJING, June 2 (Xinhua) — China’s central bank Wednesday conducted 10 billion yuan (about 1.57 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.2 percent, according to a statement on the website of the People’s Bank of China. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. 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, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the in...

Abstract : Chinese Vice Premier Hu Chunhua on Thursday called for efforts to control the over-exploitation of groundwater in northern China to improve the aquatic ecology in the region. Chinese Vice Premier Hu Chunhua, also a member of the Political Bureau of the Communist Party of China Central Committee, presides over a meeting on controlling the over-exploitation of groundwater in northern China, in Beijing, capital of China, on June 3, 2021. (Xinhua/Li Xiang) BEIJING, June 3 (Xinhua) — Chinese Vice Premier Hu Chunhua on Thursday called for efforts to control the over-exploitation of groundwater in northern China to improve the aquatic ecology in the region. Hu, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks at a meeting on the issue. Marked progress has been achieved in controlling the over-exploitation of groundwater in the region as the overall level of shallow-lying underground water rose 0.23 meters in 2020, end...

Abstract : China has made progress in employment for people relocated amid its poverty-alleviation program, data from the country's top economic planner showed Thursday. BEIJING, June 3 (Xinhua) — China has made progress in employment for people relocated amid its poverty-alleviation program, data from the country’s top economic planner showed Thursday. Some 3.78 million of these people were employed so far, which means that at least one family member with working capabilities of these relocated households has a job, said Tong Zhangshun, an official with the National Development and Reform Commission. Industrial parks, workshops, and tourism programs were launched in these new settlements nationwide to help the resettled population get jobs, Tong said. During the 14th five-year plan period (2021-2025), the government will continue improving infrastructure and public services at the new settlements, he said. China had fully completed its poverty-alleviation relocation programs...

Abstract : A full-coverage listing-management system will be adopted for enterprise-related business licensing items nationwide starting from July 1, said a State Council circular released Thursday. BEIJING, June 3 (Xinhua) — A full-coverage listing-management system will be adopted for enterprise-related business licensing items nationwide starting from July 1, said a State Council circular released Thursday. At the same time, more reforms of the examination-and-approval system will be launched in pilot free trade zones (FTZs), the circular said. A digital-license system for businesses will be available nationwide by the end of 2022, with paper materials no longer needed if the target information can be obtained via the digital-license system. By the end of 2022, a simplified, highly efficient, fair and transparent industry-access rule with a low threshold and strict management will be established in an effort to make administrative operations more convenient and predictable f...

Abstract : The China Development Bank (CDB), one of the country's policy banks, issued 2 billion U.S. dollars in onshore bonds on Thursday, its first such USD-denominated bond issuance for six years. BEIJING, June 3 (Xinhua) — The China Development Bank (CDB), one of the country’s policy banks, issued 2 billion U.S. dollars in onshore bonds on Thursday, its first such USD-denominated bond issuance for six years. The one-year bonds yield a coupon of 0.38 percent, according to a statement posted on the CDB’s website. It has helped the CDB broaden its foreign-currency financing channels and offers domestic institutions diversified foreign-currency investment products, said the bank. The bank said it would continuously enrich bond products and actively promote the interconnection and high-quality development of the bond market. As the Chinese currency renminbi, or the yuan, continues to appreciate rapidly, China’s central bank has vowed to guide expectations to keep the yuan ex...

Abstract : Chinese Premier Li Keqiang on Thursday urged efforts to create more opportunities for employment and business start-ups to meet this year's job-creation target. Chinese Vice premiers Sun Chunlan and Hu Chunhua, who are both members of the Political Bureau of the Communist Party of China (CPC) Central Committee, attend a teleconference on employment and business start-ups in Beijing, capital of China, on June 3, 2021. (Xinhua/Zhai Jianlan) BEIJING, June 3 (Xinhua) — Chinese Premier Li Keqiang on Thursday urged efforts to create more opportunities for employment and business start-ups to meet this year’s job-creation target. In a written instruction to a teleconference held in Beijing, Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, noted that the country faces an arduous task in stabilizing and expanding employment. Li asked all regions and departments to strengthen the employment-first p...

Abstract : China on Thursday approved the opening of a consumer finance company of Ant Group, a major financial services technology provider in the country. BEIJING, June 3 (Xinhua) — China on Thursday approved the opening of a consumer finance company of Ant Group, a major financial services technology provider in the country. As a licensed financial institution, the consumer finance company of Ant must strictly abide by relevant regulations, the China Banking and Insurance Regulatory Commission said. The company, approved in September last year, had completed the preparation work within the statutory period and met the opening requirements, the commission said. Under Ant Group’s rectification plan, the new company will take over the consumer credit businesses, in line with regulations of two micro-credit firms. The two micro-credit firms will exit the market within the one-year transitional period after the consumer finance company opens. The country’s financial regulators aske...

Abstract : On June 2, hundreds of security personnel in COVID-19 protective clothing were busy removing tons of chemical pollutants and plastic from a beach in Colombo. About 9.5 nautical miles into the sea, they could see the charred remains of a foreign vessel swaying in the gusty monsoon wind. COLOMBO, June 3 (Xinhua) — On June 2, hundreds of security personnel in COVID-19 protective clothing were busy removing tons of chemical pollutants and plastic from a beach in Colombo. About 9.5 nautical miles into the sea, they could see the charred remains of a foreign vessel swaying in the gusty monsoon wind. On May 20, the X Press Pearl container vessel loaded with chemicals exploded and caught fire off Colombo Port. Many of the containers and other polluting materials on board fell into the sea and were being washed ashore, posing a serious threat to the environment. On day two after the explosion, Chinese experts from the China- Sri Lanka Joint Center for Education and Research (...