BEIJING, April 11 (Xinhua) -- Despite the possibility that foreign direct investment may not keep the same level as last year, the long-term trend is that companies here for the Chinese market continue to be here, said a World Bank official.Martin Raiser, World Bank country director for China, told Xinhua in an exclusive interview that China remains an attractive place for global business, despite rising wages compared with its competitors.'China produces the whole spectrum of manufactured goods, low-skilled goods, medium-skilled goods, and increasingly high-skilled or high technology cont...
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Since the beginning of this year, investment and construction in many fields have made remarkable efforts. On April 9th, the Securities Daily reporter learned from China National Railway Corporation (hereinafter referred to as 'China State Railway Group Co.,Ltd.') that in the first quarter of this year, the fixed assets investment of national railways was 106.5 billion yuan, a year-on-year increase of 3.1%, and 447 kilometers of new railway lines were opened, including 233 kilometers of high-speed railway.Pang Yun, chief economist and chief strategist of Huaxing Securities (Hong Kong),...
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China's deepening market-oriented reform ushered in an important puzzle.The Opinions of the CPC Central Committee and the State Council on Accelerating the Construction of a National Unified Market was published on the 10th. Analysts believe that building a new pattern with a big market and promoting the transformation of China's market from big to strong is the highlight of the current deepening reform, which deserves high attention from all parties.Why do you need a 'national unified market'?At the beginning of the Opinions, it was emphasized that building a unified national ...
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Xinhua News Agency, April 1 (Reporter Xie Xiyao) Yu Yi, spokesperson of the China Council for the Promotion of International Trade, said recently that the current situation of foreign trade and investment is complicated and severe, and the China Council for the Promotion of International Trade will fully mobilize the initiative of local and industry trade promotion committees across the country and take multiple measures to help stabilize foreign trade and investment.Yu Yi said at a regular press conference held recently that according to the investigation of the China Council for the Promotio...
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BEIJING, April 7 (Xinhua) -- China's five major state-owned banks have adopted a slew of measures to ease the residential mortgage burden for individual borrowers affected by the COVID-19 epidemic.These steps include postponing mortgage repayments, extending repayment periods, as well as deferring principal and interest repayments on housing loans, the banks told Xinhua.Bank of China has urged its branches to better meet the demand from regions severely hit by the epidemic, such as Jilin and Shanghai, and pledged more financial support for the key groups, including those who have temporari...
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