News
China Unveils Major Development Targets for 2026-2030
1+ hour, 52+ min ago (208+ words) (Yicai) March 5 -- China today unveiled major development targets for the 2026-2030 period as a government work report was submitted to the country's top legislature for deliberation. Over the next five years, China expects to keep its GDP growth within an appropriate…...
China’s Factory Activity Falls to Lowest in Four Months in February on Lunar New Year Break
18+ hour, 26+ min ago (489+ words) (Yicai) March 4 -- Activity in China's manufacturing sector contracted last month to the lowest since October, mainly as a result of the Lunar New Year holiday falling in February this year. The manufacturing purchasing managers'index fell for the second consecutive month,…...
China’s Scrapping Forward Forex Risk Reserve Ratio Aims to Slow Yuan’s Rapid Appreciation, Analysts Say
3+ day, 8+ hour ago (389+ words) (Yicai) March 2 -- China has stopped setting a 20 percent reserve requirement on forward foreign exchange sales. Analysts believe one of the main reasons behind this move is to control the rapid appreciation of the Chinese yuan. Scrapping the forward forex risk…...
China's Central Bank Vows to Maintain Moderately Loose Policy to Bolster Growth
3+ week, 18+ hour ago (214+ words) (Yicai) Feb. 11 -- The People's Bank of China will continue to implement a moderately loose monetary policy, prioritizing stable economic growth and reasonable price recovery, according to its fourth-quarter monetary policy report. The central bank said in the report released yesterday…...
China’s CPI Growth Eases to 0.2% in January; PPI Improves for Fourth Month
3+ week, 18+ hour ago (482+ words) (Yicai) Feb. 11 -- China's consumer price index rose 0.2 percent in January from a year earlier, slowing from December and missing market forecasts, as the Spring Festival fell in a different month this year compared with last year and energy prices declined....
Shanghai's Draft 15th Five-Year Plan Targets 5% Annual Growth Through 2030
3+ week, 5+ day ago (228+ words) (Yicai) Feb. 6 -- Shanghai has released a draft for its 15th Five-Year Plan, aiming to achieve an average annual gross domestic product growth of around 5 percent throughout 2030. "Setting 5 percent as the GDP growth target requires active responses and significant efforts due to…...
Shanghai’s 5% GDP Growth Target Is Supported by Upgrading Structure, Congress Deputies Say
1+ mon, 1+ day ago (410+ words) (Yicai) Feb. 4 -- Shanghai's 5 percent gross domestic product growth target for this year is supported by reality, but the underlying structure is undergoing changes, according to deputies to the Shanghai National People's Congress. Shanghai's GDP totaled CNY5.67 trillion (USD817.6 billion) last year, up…...
Chinese Yuan Breaches 7 Versus US Dollar for Second Time This Year
1+ mon, 6+ day ago (427+ words) (Yicai) Jan. 29 -- The Chinese yuan has continued to show strong performance against the US dollar since the start of the year, breaching the key 7 mark twice after a gap of two and a half years. The redback's central parity rate…...
China Should Rely More on Monetary Policy to Expand Domestic Demand This Year, CF40 Researcher Says
1+ mon, 1+ week ago (394+ words) (Yicai) Jan. 28 -- China should rely more on monetary policy to expand domestic demand and stimulate the endogenous momentum of economic recovery, according to a senior researcher at the China Finance 40 Forum. Even though there is still room for government public…...
China’s Central, Western Provinces Lead Foreign Trade Growth Last Year
1+ mon, 1+ week ago (276+ words) (Yicai) Jan. 27 -- China's inland provinces in its central and western regions posted strong export growth last year driven by booming exports of new energy vehicles, lithium batteries and solar products, despite broader economic headwinds. Nine of the country's top 10 provinces…...