Economy


Electricity use powers 11% in May

China’s electricity consumption, a key gauge of economic activity, rose 11.4 percent year on year to 553.4 billion kilowatt hours in May amid a resilient economy, official data showed yesterday....

June 21, 2018, Thursday


China to raise income tax threshold

CHINA is considering raising the personal income tax threshold to 5,000 yuan (US$772) per month — 60,000 yuan a year — from the current 3,500 yuan, according to a draft amendment. The draft was submitted ...

June 20, 2018, Wednesday


Yuan set to play bigger global role in future

FOREIGN exchange reserve managers have become more optimistic about the yuan and predict bigger global influence of the Chinese currency in the coming years, a private survey showed. Surveyed institutions ...

June 19, 2018, Tuesday


Physical indicators give glimpse of positive changes in economy

While China’s May economic data suggested overall economic resilience, a glimpse into the physical indicators may provide more details of the changes taking place in the economic picture....

June 18, 2018, Monday


Steady growth on economy into 2018

China’s manufacturing activity edged down in December, official data showed yesterday, but largely maintained momentum despite curbs on heavy industry aimed at taming the country’s chronic air pollution. The ...

June 18, 2018, Monday


China economy stable as reform sustains growth

China’s economy enjoyed steady growth in May, largely due to solid industrial output and investment in the manufacturing sector....

June 15, 2018, Friday


Fed hikes rates in shift from previous policies

The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the US central bank’s shift from policies used to battle the 2007-2009 financial ...

June 15, 2018, Friday


PBOC injects funds via reverse repos at flat rates

CHINA’S central bank continued to inject liquidity into the financial system via open market operations, with rates flat despite an interest rate hike in the US. The People’s Bank of China pumped 150 ...

June 15, 2018, Friday


Economy steadies with faster structural change

DURING the first five months, total power generation in China went up more than 10 percent from the same period in 2017. The rising output of power plants signals a steady economy. Apart from the robust ...

June 13, 2018, Wednesday


New yuan loans total US$180b in May

Chinese banks extended 1.15 trillion yuan (US$179.7 billion) in new yuan-denominated loans in May, edging down from 1.18 trillion yuan in April, central bank data showed yesterday.The figure was 40.5 ...

June 13, 2018, Wednesday




 

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