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China starts three-day military exercises after Taiwan leader’s meeting with US House Speaker
China has started three days of military exercises around Taiwan after the island democracy’s president met the US House Speaker in defiance of Beijing’s warning.
PBOC cut banks’ reserve requirement ratio to support economic recovery
China will cut the amount of cash that banks must hold as reserves for the first time this year to help keep liquidity ample and support the economic recovery after the pandemic.
Chinese firms’ hiring intentions hit 8-year high, share of companies planning to increase investment hit highest since Oct 2021 – survey
The net balance measuring whether Chinese companies project an increase in headcount over the next 12 months was 11% in February, the highest level in eight years, according to a survey by S&P Global Market Intelligence, compared to only 2% in the previous survey conducted in October last year.
China’s credit growth stronger than expected, money supply grew fasters in nearly seven years
China reported unexpectedly strong credit growth for February, with money supply growing at the fastest pace in nearly 7 years, as the authority looks to support the economic recovery.
Many hotels near popular tourist attractions fully booked for first day of Labor Day holiday – agency
Hotels near top tourist attractions in major cities have been fully booked for May 1, the first day of the Labour Day holiday, according to online travel agency Trip.com.
ASEAN remained China’s top trading partner in Jan – Feb, China’s trade with US fell 10.6% on year
In the first two months of the year, ASEAN remained China’s largest trading partner with bilateral trade reaching 951.93 billion yuan, a rise of 9.6% from a year earlier and accounting for 15.4% of China’s total foreign trade, according to China’s customs data on Tuesday.
