Chinese Premier Li Keqiang on Wednesday said that the country will maneuver monetary policy tools when appropriate to effectively support the real economy.Chairing a State Council executive meeting, Li also stressed the need for enterprises in strained industries to postpone the payment of pension insurance, as well as stabilize jobs and strengthen employment training.The meeting noted that, despite the current complexity and uncertainty both at home and abroad, the country's overall economic indicators generally remain within a reasonable range.Citing the increasing downward pressure from...
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Developing Asia's economy is forecast to grow by 5.2 percent this year and 5.3 percent in 2023, according to an Asian Development Bank (ADB) report released on Wednesday.The Asian Development Outlook (ADO) 2022, the Manila-based bank's flagship annual economic publication, says gross domestic product (GDP) in the region will expand 'on continued recovery in domestic demand and solid exports.'In 2021, developing Asia's economy rebounded by 6.9 percent, but the report says the recovery is still 'largely incomplete in most regions.'The report predicts inflation to rise...
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By 2025, the total annual water consumption in China will be controlled within 640 billion cubic meters.The 'World Water Day' and 'China Water Week' in 2022 have just passed, and the concept of protecting water resources has become increasingly popular. It is the source of water life, the key to production and the foundation of ecology. Making good use of water resources is the meaning of accelerating the formation of a green and low-carbon production lifestyle. In recent years, China has promoted the management of total water resources, scientific allocation, overall conservat...
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Xinhua News Agency, Beijing, April 1 (Reporter Pan Jie) Recently, the reporter learned from the World Bank that the Executive Board of the World Bank has approved two loans totaling 700 million dollars to China, including 380 million dollars to help China cope with water shortage and ecosystem degradation in the Yellow River Basin, and 320 million dollars to help green agriculture and rural development in southwest China.In an announcement, the World Bank said that the $380 million World Bank loan to cope with the water shortage in the Yellow River Basin will be matched with more than $1.1 bil...
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BEIJING, March 31 (Xinhua) -- China will raise the retail prices of gasoline and diesel from Friday, the country's top economic planner said on Thursday.The prices of gasoline and diesel will both increase by 110 yuan (about 17.33 U.S. dollars) per tonne in the seventh consecutive upward adjustment since the end of last year, according to the National Development and Reform Commission.Under the current pricing mechanism, when international crude oil prices change by more than 50 yuan per tonne and remain at that level for 10 working days, the prices of refined oil products such as gasoline...
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