China’s central bank adds liquidity via reverse repos on April 30, 2023China’s central bank injected funds into the financial system through open market operations Saturday. The People’s Bank of China said it has conducted 170 billion yuan (about 24.69 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2 percent. The move aims to keep month-end liquidity in the banking system stable, according […]
China expects 120m railway trips around May Day on April 28, 2023About 120 million domestic trips are expected to be made by Chinese railway passengers from April 27 to May 4 around the May Day holiday, said the China State Railway Group Co., Ltd. on Thursday. The estimated figure during the period represents an increase of 20 percent from the 2019 level, the company said. Passenger […]
China holds summit to boost digital development on April 28, 2023The 6th Digital China Summit opened on Thursday in the city of Fuzhou in east China’s Fujian Province. Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of the Publicity Department of the CPC Central Committee, delivered a keynote speech at the opening ceremony. Vice […]
China’s central bank adds liquidity via reverse repos on April 27, 2023China’s central bank injected funds into the financial system through open market operations Wednesday. The People’s Bank of China said it has conducted 89 billion yuan (about 12.95 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2 percent. The move is aimed at keeping stable liquidity in the banking system, according […]
China’s Jiangsu sees GDP up 4.7% in Q1 on April 27, 2023The gross domestic product (GDP) of east China’s Jiangsu Province grew by 4.7 percent year on year in the first quarter of 2023, exceeding 2.9 trillion yuan (about 419.7 billion U.S. dollars), according to the provincial statistical bureau. The added values of Jiangsu’s primary, secondary, and tertiary industries in the first quarter were 63.4 billion […]
Dialogue only viable way out for Ukraine crisis: Xi on April 27, 2023Chinese President Xi Jinping said on Wednesday that dialogue and negotiations are the only viable way out for the Ukraine crisis, and no one wins a nuclear war. He made the remarks while talking to his Ukrainian counterpart, Volodymyr Zelensky, over phone. The two sides exchanged views on China-Ukraine relations and the Ukraine crisis. China […]
Dialogue only viable way out for Ukraine crisis: Xi on April 26, 2023BEIJING: Chinese President Xi Jinping said on Wednesday that dialogue and negotiations are the only viable way out for the Ukraine crisis, and no one wins a nuclear war. He made the remarks while talking to his Ukrainian counterpart, Volodymyr Zelensky, over phone. The two sides exchanged views on China-Ukraine relations and the Ukraine crisis. […]
U.S. agricultural futures fall on April 26, 2023Chicago Board of Trade (CBOT) agricultural futures fell across the board on Monday, led by wheat. The most active corn contract for July delivery fell 7.75 cents, or 1.26 percent, to settle at 6.075 U.S. dollars per bushel. July wheat plunged 16 cents, or 2.38 percent, to settle at 6.57 dollars per bushel. July soybean […]
China’s Jiangsu sees GDP up 4.7% in Q1 on April 26, 2023The gross domestic product (GDP) of east China’s Jiangsu Province grew by 4.7 percent year on year in the first quarter of 2023, exceeding 2.9 trillion yuan (about 419.7 billion U.S. dollars), according to the provincial statistical bureau. The added values of Jiangsu’s primary, secondary, and tertiary industries in the first quarter were 63.4 billion […]
S. Korean banks’ loan delinquency ratio rises in February on April 26, 2023South Korean banks’ loan delinquency ratio rose in February due to higher lending rate, financial watchdog data showed Tuesday. Bank loans overdue at least one month stood at 0.36 percent of the total at the end of February, up 0.05 percentage points from a month earlier, according to the Financial Supervisory Service. The delinquency ratio […]