BEIJING, March 22 (Xinhua) -- China has released 1 million tonnes of national potash fertilizer reserves to meet production needs during this year's spring farming period, according to the country's top economic planner.The move is part of China's efforts to secure a summer grain harvest in the face of challenges and difficulties in the sector due to autumn floods during the sowing period last year.China aims to ensure that the grain output for 2022 stays above 650 billion kg, according to this year's government work report.Due to rare autumn floods last year, farmers had postp...
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After a symposium, three of the top five national asset management companies (AMC) have made moves. After two senior executives of China Cinda settled in Evergrande Risk Mitigation Committee and China Orient issued 10 billion yuan of bonds, on March 16th, the Great Wall of China issued 10 billion yuan of financial bonds, which were used for real estate risk mitigation.On the same day, a new signal was released at the market level: the financing amount of real estate M&A in various channels that are not included in the 'three red lines' has exceeded 150 billion yuan. In the past, th...
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BEIJING, March 21 (Xinhua) -- Foreign enterprises are eyeing new opportunities in the Chinese market as the country remains one of the top investment destinations despite multiple headwinds besetting the global economy.Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 37.9 percent year on year to 243.7 billion yuan in the first two months of this year, the latest data from the Ministry of Commerce showed. In U.S. dollar terms, the inflow went up 45.2 percent year on year to 37.86 billion dollars.The strong growth built on a record high of 1.15 trillion yuan in ...
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BEIJING, March 21 (Xinhua) -- China will implement value-added tax (VAT) credit refund on a large scale to provide strong underpinnings for keeping the operations of market entities stable and maintaining job security, as part of effort to sustain stable macroeconomic performance, the State Council's Executive Meeting chaired by Premier Li Keqiang decided on Monday.The meeting also decided to adopt holistic approaches to anchor market expectations and maintain steady and healthy development of the capital market.The meeting noted the arrangements as set out in the Government Work Report to...
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SHENZHEN, March 20 (Xinhua) -- Government offices, enterprises, and businesses in the southern Chinese metropolis of Shenzhen are set to resume normal work and production from Monday as the latest COVID-19 resurgence subsides, local authorities said on Sunday.The city will also resume bus and subway services from Monday, according to a circular issued by the Shenzhen COVID-19 prevention and control headquarters.Authorities are rolling out the measures to ensure the safety and stability of industrial and supply chains, and orderly life and work for locals, the circular said.After three citywide...
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