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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Xinhua News Agency, Beijing, April 25 (Reporter Wu Yu) On the 25th, the first RRR cut this year officially landed, releasing about 530 billion yuan of long-term funds. This will help strengthen the ability of financial institutions to allocate funds and increase support for the real economy.The People's Bank of China announced on 15th that it decided to reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on April 25th, 2022 (excluding financial institutions that have already implemented the 5% deposit reserve ratio). On this basis, for city commercial banks...
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BOAO, Hainan, April 24 (Xinhua) -- Three years into the pandemic, when it is imperative for the world to reboot the sluggish economy, China has made headway in digitizing the economy to dynamic growth, according to experts and enterprises.China fronts the world in the development of the digital economy, according to Qian Kun, senior vice president and general manager of Qualcomm Technology Licensing (QTL) China. He made the remark at the Boao Forum for Asia (BFA) Annual Conference 2022.He envisioned that the global digital economy will rank in at 1.3 billion U.S. dollars in 2035, while China w...
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BEIJING, April 24 (Xinhua) -- China is actively incorporating its long-standing employment-first approach into its pro-growth measures to help cushion the economy against potential impacts from heightened uncertainties. China's surveyed urban unemployment rate stood at 5.5 percent in the first quarter of this year, up 0.1 percentage points from the same period last year, data from the National Bureau of Statistics (NBS) showed. China's employment has remained generally stable since the beginning of this year thanks to its employment-first policy and ever-increasing support fo...
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