China’s Hunan reports over 20 pct growth in foreign trade in 2022 on January 22, 2023Central China’s Hunan Province registered robust foreign trade growth in 2022, with an annual increase of 20.2 percent, local customs authorities said. The province’s import and export value surpassed 705.8 billion yuan (about 105 billion U.S. dollars) last year, Changsha Customs revealed at a media briefing on Saturday. Of the total, Hunan’s exports reached nearly […]
Over 17,000 weapons surrendered in year of Australian gun amnesty on January 22, 2023More than 17,000 weapons were surrendered in the first year of Australia’s permanent national firearms amnesty. The federal government on Saturday released the first annual report on the amnesty program, which allows Australians to hand in unregistered, illegal or unwanted weapons without facing punishment, revealing 17,543 weapons were surrendered in the first 12 months. The […]
Cambodia’s banking industry continues to enjoy high growth in 2022 on January 21, 2023Cambodia’s banking industry had continued to enjoy robust growth in both loans and deposits in 2022, according to the annual report of the National Bank of Cambodia (NBC) on Friday. Outstanding loans rose by 21.7 percent year-on-year to 56 billion U.S. dollars as of last year, while customers’ deposits increased by 15.3 percent to 45 […]
China’s development path inspiration for Africa: expert on January 21, 2023China’s development achieved through meticulous planning, the right mindset, and good leadership policies is an inspiration to Africa as the continent gears toward economic development and improved living standards of the population, an expert on China-Africa relations has said. Gerald Mbanda, researcher and publisher on China and Africa made the remarks earlier this week while […]
Malaysia’s leading index remains moderate in November 2022 on January 21, 2023Malaysia’s leading index, a predictive tool used to anticipate economic upturns and downturns in an average of four to six months ahead, remains moderate by recording 110.5 points in November last year, official data showed on Friday. The decrease was due to real money supply, M1, Bursa Malaysia Industrial Index, number of housing units approved, […]
China’s central bank adds liquidity via reverse repos on January 20, 2023China’s central bank continued to inject funds into the financial system through open market operations on Thursday. The People’s Bank of China said on its website that it has conducted 65 billion yuan (about 9.6 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2 percent, and 467 billion yuan of 14-day […]
China’s telecom industry reports steady expansion in 2022 on January 20, 2023China’s telecommunications industry logged steady expansion in 2022, with emerging business and new infrastructure rapidly growing, official data showed. The revenue of firms in the sector topped 1.58 trillion yuan (233.38 billion U.S. dollars), up 8 percent year on year, according to the Ministry of Industry and Information Technology. Of the total, the revenue of […]
Shandong to issue vouchers for automobile consumption on January 20, 2023East China’s Shandong Province will issue more vouchers in the first half of this year to stimulate automobile consumption, the provincial government told a press briefing on Thursday. Vouchers worth 200 million yuan (about 29.55 million U.S. dollars) will be applicable to purchase new energy vehicles, petrol vehicles, and replacement vehicles, said Wang Hongping, deputy […]
China’s consumer services see robust recovery as holiday consumption soars on January 10, 2023As restaurants resume indoor dining and shopping malls reopen following the implementation of China’s optimized COVID response measures, cities across China have returned to their usual hustle and bustle. “On New Year’s Eve, customers started to queue at noon,” said Sha Jingjing, the manager of a hotpot restaurant in Beijing’s Chaoyang district. “We received over […]
China to make monetary policy more effective on January 9, 2023China will make its prudent monetary policy more targeted and effective in order to facilitate the overall recovery and improvement of its economy, a senior official said. In an interview with Xinhua, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, highlighted expanding effective demand and deepening supply-side reform as focuses of the […]