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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2022
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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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The Internet sector of Hong Kong stocks ushered in a rebound! On March 17th, the Hang Seng Internet Technology Industry Index rose 8.41%. In terms of individual stocks, Baidu Group rose by 16.20%, JD.COM Group by 15.85%, Meituan by 12.29%, Alibaba by 12.46% and Tencent Holdings by 6.27%.The collective rise of Internet giants is closely related to the special meeting held by the Financial Stability and Development Committee of the State Council on March 16th. The meeting proposed that, with regard to the platform economic governance, relevant departments should improve the established plan acco...
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BEIJING, March 17 (Xinhua) -- Chinese policymakers have sent a clear signal to perk up the economy and stabilize the capital market amid a complex external environment and global uncertainties.The shot in the arm came from a State Council meeting held Wednesday, which urged concrete actions to bolster the economy in the first quarter, noting that monetary policy should take the initiative to cope with the situation, and new loans should maintain an appropriate growth.The meeting of the financial stability and development committee also made policy announcements on issues of market concern. The...
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