Aerial photo taken on Dec. 5, 2021 shows the sunrise scenery of the Yangpu international container port at Yangpu economic development zone in south China's Hainan Province. (Xinhua/Pu Xiaoxu)BEIJING, Dec. 15 (Xinhua) -- China's economy continued its recovery momentum in November despite downward pressure, with solid growth in the real economy, official data showed Wednesday.Retail sales of consumer goods in November went up 3.9 percent year on year in November, while value-added industrial output increased 3.8 percent year on year last month, data from the National Bureau of Statistic...
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Han Wenxiu, deputy director of the office of the central financial and Economic Commission, said at the '2021-2022 China economic annual conference' on December 11 that 'stability' is the most prominent keyword of the central economic work conference. Next year's economic work should be 'steady and seek progress while maintaining stability'. All regions and departments should shoulder the responsibility of stabilizing the macro economy. All parties should actively introduce policies conducive to economic stability and carefully introduce policies with contraction ef...
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Financial institutions continued to improve their real estate financing behavior. According to the data released by the people's Bank of China on December 13, the investment in real estate loans by financial institutions continued to grow. At the end of November, the balance of individual housing loans was 38.1 trillion yuan, an increase of 401.3 billion yuan in the current month, an increase of 53.2 billion yuan over October.The scale of real estate loans continued to increase month on month, which was also significantly warmer than the same period in 2020. The reporter learned from the r...
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On the 15th, the central bank officially implemented the second comprehensive RRR reduction in the year.Recently, the central bank announced that it would reduce the deposit reserve ratio of financial institutions by 0.5 percentage points on the 15th (excluding financial institutions that have implemented the 5% deposit reserve ratio).The RRR reduction is the second comprehensive RRR reduction by the central bank in 2021 after July 15, releasing a total of about 1.2 trillion yuan of long-term funds.Better support the real economyOn December 6, when answering reporters' questions, the relev...
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Xinhua news agency, Beijing, December 13 (reporter Wu Yue) - Hu Chunhua, vice premier of the State Council and Chinese leader of the China France high level economic and financial dialogue, and Lemel, French Minister of economy and finance and French leader of the dialogue, CO chaired the Eighth China France high level economic and financial dialogue on December 13.Under the guidance of the two heads of state and with the joint efforts of both sides, China France practical cooperation has made new positive progress, bilateral trade has reached a record high, two-way investment has increased ra...
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