BEIJING, April 27 (Xinhua) -- Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee, chairman of the Central Military Commission, and director of the Central Commission for Financial and Economic Affairs (CCFEA), presided over the 11th meeting of the CCFEA on Tuesday to discuss matters on comprehensively advancing infrastructure development and implementing decisions and plans made by the CCFEA since the 19th CPC National Congress in 2017.Infrastructure is the bedrock for economic and social development. It is essential to coordinate devel...
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BEIJING, April 27 (Xinhua) -- Chinese President Xi Jinping sent a congratulatory letter to the First Innovation Exchange Conference for Craftsmen of the Nation, which opened in Beijing on Wednesday. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, called for contributing wisdom and strength to high-quality development and the implementation of the strategy to build the country into a leader in manufacturing. On behalf of the CPC Central Committee, Xi extended sincere greetings to skilled workers, model...
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BEIJING, April 26 (Xinhua) -- China's central bank will promote the steady and healthy development of the financial market and foster a sound monetary and financial environment.The People's Bank of China made the remarks Tuesday in response to recent financial market fluctuations which are mainly driven by investor expectations and sentiment.China's financial system has been coordinating COVID-19 control with economic and social development, smoothening logistics as well as industrial and supply chains, the bank said.To advance the healthy development of the platform economy, the r...
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BEIJING, April 26 (Xinhua) -- China will speed up the construction of charging piles for new energy vehicles at expressway service areas, the Ministry of Transport said Tuesday.The country has built 13,374 charging piles at over 3,000 expressway service areas, said Zhou Rongfeng, an official with the ministry, at a press conference.Compared to the more developed eastern regions in the country, the western and the northeastern parts still lag behind in terms of charging pile coverage at the service areas, Zhou said.The ministry will work with other government departments to improve the infrastr...
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BEIJING, April 25 (Xinhua) -- China's central bank announced Monday that it will cut the reserve requirement ratio for foreign currency deposits by 1 percentage point from the current 9 percent to 8 percent, starting from May 15.The move aims to strengthen the management of foreign currencies in financial institutions, the People's Bank of China said in an online statement.
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