Global-China Information Service

Abstract : China and Kiribati looked forward to further development of the bilateral relations while celebrating the first anniversary of the resumption of the diplomatic ties. President of Kiribati Taneti Maamau (L) and Chinese Ambassador to Kiribati Tang Songgen jointly cut a cake during a reception marking the Chinese National Day and the first anniversary of the resumption of diplomatic ties between China and Kiribati, in Tarawa, Kiribati, Sept. 25, 2020. (Xinhua) SYDNEY, Sept. 26 (Xinhua) — China and Kiribati looked forward to further development of the bilateral relations while celebrating the first anniversary of the resumption of the diplomatic ties. “One year ago, the seed of China-Kiribati cooperation was sowed when Kiribati made the historical decision to resume the diplomatic ties with China. Now the seed has grown up into a strong sapling tree under the care from both sides,” said Chinese Ambassador to Kiribati Tang Songgen. Tang made the remarks at the reception m...

Abstract : China's telecommunications industry saw steady growth in the first eight months of this year, data showed. BEIJING, Sept. 26 (Xinhua) — China’s telecommunications industry saw steady growth in the first eight months of this year, data showed. The combined industrial revenue reached 915.3 billion yuan (about 134.36 billion U.S. dollars) during the period, up 3.1 percent year on year, according to the Ministry of Industry and Information Technology. Revenue from fixed-line telecommunications of the three telecom giants — China Telecom, China Mobile and China Unicom — totaled 310.8 billion yuan during the period, rising 11.6 percent year on year. By the end of last month, the number of mobile phone users of the three firms rose 0.2 percent year on year to 1.598 billion, including some 1.29 billion 4G subscribers. Data also showed that the number of fixed broadband internet users in China grew steadily during the period, with subscribers of the three firms reading 470 ...

Abstract : Overseas investors have stepped up holdings of Chinese securities in the first half (H1) of this year as the country further opens its capital market. BEIJING, Sept. 26 (Xinhua) — Overseas investors have stepped up holdings of Chinese securities in the first half (H1) of this year as the country further opens its capital market. In H1, China’s securities market saw net inflows of overseas funds totaling 64.3 billion U.S. dollars, up 4 percent year on year, the State Administration of Foreign Exchange said in a report. Net inflows into Chinese equities reached 16.7 billion dollars, up 129 percent year on year, the report showed. Overseas holdings of Chinese securities have seen steady increase in the past few years as the country rolled out a series of measures to broaden capital market access for foreign investors. By the end of June, the value of bonds and stocks held by overseas investors totaled 737.5 billion dollars, 3.2 times of that at the end of 2015, the repo...

Abstract : The People's Bank of China (PBOC), the country's central bank, said on Friday that it welcomes FTSE Russell's announcement to include Chinese bonds in its World Government Bond Index (WGBI). BEIJING, Sept. 25 (Xinhua) — The People’s Bank of China (PBOC), the country’s central bank, said on Friday that it welcomes FTSE Russell’s announcement to include Chinese bonds in its World Government Bond Index (WGBI). This decision reflected global investors’ confidence in China’s sound, long-term economic development as well as its further opening-up of the financial sector, it said in a statement online, citing Pan Gongsheng, deputy head of the central bank. The remarks followed global multi-asset index provider FTSE Russell’s announcement on Friday that it will add Chinese government bonds to its flagship WGBI from October 2021, with the exact start date confirmed next March. Before FTSE Russell, Chinese bonds had already been included in the Bloomberg Barclays Glob...

Abstract : China Unicom, one of the country's largest telecom operators, said in a report that its 4G users reached 264 million in August, up 1.58 million from July. BEIJING, Sept. 26 (Xinhua) — China Unicom, one of the country’s largest telecom operators, said in a report that its 4G users reached 264 million in August, up 1.58 million from July. The number of its fixed-line broadband subscribers saw a net increase of 171,000 to 85.8 million last month. In the face of challenges such as a highly saturated and competitive market and the novel coronavirus epidemic, the operator strengthened differentiated and internet-based operations, controlled costs and weeded out ineffective products and channels, according to the report. The company estimated its 5G base stations would reach 300,000 by the end of this 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 centu...

Abstract : China has further opened up its domestic capital market to foreign investors by introducing revised rules for the country's major inbound investment schemes. BEIJING, Sept. 26 (Xinhua) — China has further opened up its domestic capital market to foreign investors by introducing revised rules for the country’s major inbound investment schemes. Foreign investors will enjoy easier market access and broader investment scope when investing via the dollar-denominated Qualified Foreign Institutional Investors (QFII) and the yuan-denominated Renminbi Qualified Foreign Institutional Investors (RQFII) schemes, according to the China Securities Regulatory Commission (CSRC). The new rules, published by the CSRC, together with the People’s Bank of China and the State Administration of Foreign Exchange, have combined the previous two separate sets of regulation for the QFII and RQFII schemes into one, lowering entry requirements and simplifying procedures to facilitate foreign...

Abstract : Northwest China's Xinjiang Uygur Autonomous Region has been continuously promoting traditional Chinese medicine (TCM), authorities said. URUMQI, Sept. 23 (Xinhua) — Northwest China’s Xinjiang Uygur Autonomous Region has been continuously promoting traditional Chinese medicine (TCM), authorities said. TCM played an important role in the fight against COVID-19 , including in the treatment of patients in severe condition and for those on their way to recovery, the regional health commission said. Xinjiang has been cultivating TCM experts, with two educational institutions having turned out more than 2,100 TCM professionals. TCM has also gained steam at the grassroots level, with 792 TCM clinics built across the region, including 131 in communities and 661 in villages and townships, according to the commission.  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 21s...