A ship loaded with cargoes leaves a container terminal in Lianyungang, east China's Jiangsu Province, July 13, 2021. (Photo by Wang Jianmin/Xinhua)BEIJING, Dec. 8 (Xinhua) -- China's precise macro policies, stressing cross-cyclical adjustment, have proved to be an effective recipe for steady economic recovery this year despite headwinds from home and abroad.China's economic performance has come under the global spotlight with its GDP for the first three quarters recorded at 9.8 percent, well above its annual growth target of over 6 percent.The country's foreign trade navigated ...
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BEIJING, Dec. 8 (Xinhua) -- Chinese President Xi Jinping sent a congratulatory letter to the 2021 South-South Human Rights Forum, which opened in Beijing on Wednesday.Noting that human rights are a symbol of human civilization progress, Xi said putting people first and taking people's longing for a better life as the goal is the responsibility of all countries.The Communist Party of China has always been a political party that respects and protects human rights, he stressed, adding that China stays committed to a people-centered approach, puts people's interests front and center, advan...
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Xinhua news agency, Beijing, December 7 - Title: frequent policies and technological breakthroughs -- China's economic strength from the perspective of clean energy developmentEnergy is the foundation of economic development. Since the beginning of this year, China has accelerated the construction of a clean and low-carbon energy system, and the construction of major projects has received frequent good news. The installed capacity of wind power and photovoltaic power ranks first in the world. The application of clean energy such as electrolytic water hydrogen production, nuclear cogenerati...
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BEIJING, Dec. 7 (Xinhua) -- China's foreign exchange reserves rose to 3.2224 trillion U.S. dollars at the end of November, up 4.8 billion from a month earlier, official data showed Tuesday.The volume went up 0.15 percent from the end of October, said the State Administration of Foreign Exchange (SAFE).Trading in China's forex market remained brisk and the flow of cross-border capital was largely stable in November, said Wang Chunying, deputy director and spokesperson of the SAFE.Affected by factors such as the COVID-19 pandemic and expectations of major countries' monetary policies...
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BEIJING, Dec. 6 (Xinhua) -- China's central bank said Monday it has decided to cut the reserve requirement ratio (RRR) for financial institutions to support the development of the real economy and reduce the comprehensive financing cost.The ratio will be cut by 0.5 percentage points, effective on Dec. 15, except for those financial institutions that already implement a 5-percent RRR, said the People's Bank of China (PBOC) in a statement.After the reduction, the weighted average RRR for Chinese financial institutions will stand at 8.4 percent, the central bank said.About 1.2 trillion yu...
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