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ARTICLE China Focus: Leisure industry to drive economic development in post-pandemic era

BEIJING, April 22 (Xinhua) -- The prospects of the global leisure industry were extensively discussed by experts and officials at the six-day Pinggu World Leisure Conference that concluded Wednesday i...

ARTICLE China Development Bank to offer 300 bln yuan in loans for innovation in 2021-2025

BEIJING, April 7 (Xinhua) -- The China Development Bank, one of the country's policy banks, has pledged to beef up its financial support for scientific and technological innovation during the 14th...

ARTICLE Chery recalls 82,867 vehicles in China

BEIJING, April 11 (Xinhua) -- Chery Automobile Co. has decided to recall 82,867 vehicles from the Chinese market starting April 15, according to the country's highest quality authority. The rec...

ARTICLE China to further cut corporate costs

BEIJING, May 10 (Xinhua) -- China will further cut taxes and fees to boost the vitality of market entities, the country's top economic planner said Tuesday. China will mobilize financial resour...

ARTICLE China Life Insurance reports premium income growth in 2020

BEIJING - China Life Insurance Company Limited, one of the country's biggest insurers, posted premium income growth in 2020. The company's premium income totaled approximately 604.67 billio...

ARTICLE China's duty-free market expands amid overseas consumption return

BEIJING, April 15 (Xinhua) -- China's duty-free market has been gathering steam with overseas consumption flowing back to the home market due to the impact of the COVID-19 pandemic. China's...

ARTICLE Record cold weather in China sends power demand through the roof

...Beijing had the coldest day since 1966 on January 7. Since January 4, eleven provincial grid systems in China have seen peak power load hitting historic highs, according to China's St...

ARTICLE China's central bank conducts 10 bln yuan of reverse repos

BEIJING, May 13 (Xinhua) -- China's central bank Thursday conducted 10 billion yuan (about 1.55 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system....

ARTICLE China's overnight Shibor interbank rate decreases Wednesday

BEIJING, July 28 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 17.8 basis points to 2.092 percent Wed...

ARTICLE China's central bank conducts 10 bln yuan of reverse repos

BEIJING, March 30 (Xinhua) -- China's central bank Tuesday conducted 10 billion yuan (about 1.52 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system...