On August 4th, the news from the Ministry of Industry and Information Technology showed that Xu Xiaolan, Vice Minister of the Ministry of Industry and Information Technology, presided over the symposium on digitalization of small and medium-sized enterprises on August 3rd, and listened to the work of Internet companies and industrial Internet companies on supporting the digitalization transformation of small and medium-sized enterprises, as well as the opinions and suggestions on the compilation of evaluation indicators of digitalization level of small and medium-sized enterprises and guidelin...
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2022
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* China's foreign trade saw double-digit growth in the first seven months of 2022 amid policy support and a boost from Regional Comprehensive Economic Partnership (RCEP) agreements.* China's foreign trade of goods jumped 10.4 percent year on year to 23.6 trillion yuan (about 3.5 trillion U.S. dollars) during the first seven months of the year, official data showed.* The foreign trade growth continued the upward trend that began in May, making positive contributions to stabilizing the macroeconomic market, according to Li Kuiwen, spokesperson of the General Administration of Customs.BEI...
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BEIJING, Aug. 4 (Xinhua) -- Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, has conducted in-depth research in multiple localities on issues ranging from economic growth and epidemic control to grain and energy security in the first half of the year, and listened to the frontline voices.'We have confidence in our ability to coordinate epidemic prevention and control with economic and social development, and to bring the country's economic development this year to a relatively good level,' Xi, also Chinese president and chairman of the Central ...
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2022
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BEIJING, Aug. 4 (Xinhua) -- China's central bank Thursday conducted 2 billion yuan (about 295.7 million U.S. dollars) of reverse repos to maintain liquidity in the banking system.The interest rate for the seven-day reverse repos was set at 2.1 percent, according to the People's Bank of China.The move aims to keep stable liquidity in the banking system, the central bank said.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.
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BEIJING, Aug. 3 (Xinhua) -- The State Grid Corporation of China (State Grid) said on Wednesday that it will start constructing a new batch of ultra-high voltage (UHV) projects in the second half of the year.With a total investment of more than 150 billion yuan (about 22 billion U.S. dollars), these projects are expected to further leverage the role of power grids in expanding investment, according to the company.In the first half of 2022, the company has 11 UHV projects worth 90 billion yuan under construction, with the length of transmission lines totaling 6,828 km, it said.Among the 11 proje...
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2022
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