Hong Kong leader John Lee unveiled a promotion campaign that will include 500,000 free flights to lure visitors, businesses and investors back to the city after more than three years of tough COVID-19 curbs.
China’s economic activity returned to expansion in January as the impact of COVID-19 outbreaks eased rapidly after the world’s second largest economy dropped its zero-Covid policy.
Chinese industrial companies’ profit dropped by 4% to 8.4 trillion yuan ($1.2 trillion) in 2022, expanding from the 3.6% fall in the first 11 months of 2022, according to data released by the National Bureau of Statistics (NBS) on Tuesday.
China’s fiscal revenue reached 20.37 trillion yuan in 2022, rising by 0.6% from the previous year, according to data released by the Ministry of Finance on Monday.
Hong Kong’s exports plunged by 28.9% in December from a year earlier, according to data released by the Census and Statistics Department, marking the steepest drop since the 1950s, extending an eight-month streak of declines.
China’s GDP growth for 2022 hit one of the lowest levels in nearly half a century as the world’s second largest economy was hit hard …
China’s December exports declined at the fastest pace since March 2020 amid sluggish overseas demand, highlighting risks to the country’s economic recovery, while imports fell at a slower pace, suggesting that domestic demand may slowly recover in coming months.
South China’s Guangdong province, one of the country’s economic powerhouses, is expected to have reached 12.8 trillion yuan in 2022, growing by around 2% from …
China’s consumer price grew at a faster pace in December driven by rising food prices while producer price index declined by a slower pace amid …
China’s financial hub Shanghai set its 2023 GDP growth target at “above 5.5%”, said mayor Gong Zheng in his government work report.
China’s new banks loans rose in December from the previous month, mainly driven by the pick-up in corporate loans, and the full-year banking lending in 2022 hit a new record high after the authority introduced a series of policy measures to boost the Covid-hit economy.
Infections have been declining in China’s capital city of Beijing and several provinces, showed a summary by Health Times, a publication managed by the official news paper People’s Daily.
A total of 18 provinces and cities have so far disclosed plans to issue local government bonds in the first quarter, with new special-purpose bond …
China is expected to see about 2.095 billion passenger trips during the 40-day Spring Festival travel rush (Jan 7 – Feb 15), surging 99.5% from …
China will coordinate fiscal policy tools such as fiscal revenue, fiscal deficit, etc., and appropriately increase fiscal spending to boost economic recovery, said Finance Minister Liu Kun.
The winter Covid-19 outbreaks might have passed the peak in major Chinese cities, but the country is expected to see several more waves, including in rural areas, according to a domestic research.
The Covid outbreaks in the capital of Beijing has peaked, the first Chinese city to reach this point since the country dropped its zero-Covid policy.
China will scrape quarantine requirement for inbound travellers starting on January 8, the National Health Commission said in a statement late on Monday. Overseas travelers …
East China’s Zhejiang province, a major economic powerhouse neighbouring the financial hub of Shanghai, is currently seeing more than one million new daily COVID-19 cases, …
China’s Jiangxi province is expected to see a peak of Covid infections in early January next year, while most regions in Anhui are expected to see Covid-19 outbreaks hit a peak by the end of this month, said local authorities.
The People’s Bank of China (PBOC) will maintain the Chinese yuan’s exchange rate at a reasonable and balanced level and use multiple monetary policy tools to ensure ample liquidity in the financial system.
China’s fiscal revenue grew by 24.6% in November from a year earlier, accelerating by 9 percentage points from the previous month, improving for the fourth consecutive month.
China’s postal parcel collection volume declined by 13.3% on December 12 from the previous day, while parcel delivery volume dropped by 1.2%.
Several regions in China have allowed people infected with Covid-19 but having no or mild symptoms to go back to office.
The World Bank has cut its China growth outlook for this year and next, citing the impact of the abrupt relaxation of COVID-19 restrictions and persistent stress in the real estate sector.
China is likely to roll out the Financial Stability Law in 2023 and relevant legislative efforts by the National People’s Congress are underway, said Liu Guoqiang, vice-governor of the PBOC, at a press conference on Saturday.
