Month: May 2019

Multiple channels needed to keep job market healthy

The Chinese government has accorded priority to achieving stable and expanding employment among its six stabilization tasks. The importance of stable employment has also been highligh ted in this year’s Government Work Report. And the State Council, China’s Cabinet, recently established the Emp loyment Work Leading Group headed by Vice-Premier Hu Chunhua to deal with […]

a socialist economy with Chinese characteristics … we are q

ite mixed, very dynamic and very open as well.” Liu said that according to statistics, about 80 percent of Chinese employees were employed b y private enterprises, and 80 percent of Chinese exports were done by private companies. Asked how the US businesses operate in China with the risk of their intellectual property rights b […]

Any speculative activities to short the RMB will suf

The RMB’s daily trading reference, or the central parity for onshore trading, has been stabilized ar ound 6.89 per dollar for eight days from May 20, and market watchers said market-oriented depreciation pressure was losing steam. Yi Gang, the central bank governor, has said several times that the PBOC has ceased dir ect intervention in […]

The US Treasury removed India from the watch list, whil

Chinese authorities have not used the exchange rate in prior easing cycles to support growth, and they are unlikely to do so now, as this could pose mac roeconomic stability risk,” said Andrew Fennell, lead sovereign analyst for China at Fitch Ratings. The world’s second-largest economy maintained its foreign exchange reserves at $3.095 trillion at […]

Wu Hongwei, a researcher of China-Russia relation

s at the Chinese Academy of Social Sciences, said bilateral cooperation plays a prominent role in guaranteeing world peace and security at a time when the global situation is clouded by tensions and turmoil. The two countries share the same position in promoting a more stable and multipolar world, Wu said, adding that they ha […]

The country will allow overseas investors to trade more

types of onshore commodity futures contracts without registering a Chinese entity, and will continuously improve the relate d rules, Lu Dongsheng, an official with the China Securities Regulatory Commission, told a forum on Tuesday Lu also announced other measures to develop China’s commodity fut ures market, such as accelerating the launch of ricThe Shanghai Futures […]