Tuesday, May 18, 2021
Tags Novel coronavirus

Tag: Novel coronavirus

COVID-19 Spurs Foreign Companies to Accelerate China Investment Ambitions

The spread of the COVID-19 pandemic may be having the unexpected effect of spurring foreign companies to accelerate their plans to expand...

Chinese Industrial Profits Rise 6.0% YoY in May

China's large-scale industrial enterprises have just posted their first year-on-year (YoY) profit rise following the economic impacts of the COVID-19 pandemic.

Urban Unemployment in China Edges Down to 5.9% in May

China has seen a slight diminution in its urban unemployment levels as its economy gradually recuperates from the impacts of the COVID-19...

Outbound Chinese Foreign M&A Deals Plunge Since COVID-19, Inbound Levels Still Robust: Rhodium Report

A new report from the Rhodium Group on mergers and acquisition (M&A) trends in relation to China highlight a plunge in outbound...

Sinopharm Says Test Subjects for World’s First COVID-19 Inactivated Vaccine All Produced High Concentrations of Antibodies

Chinese state-owned pharmaceutical giant Sinopharm has hailed the success of trials of its COVID-19 inactivated vaccine, pointing to the production of high-concentrations...

China’s Ministry of Finance Says Budget Revenues to Fall 7.3% YoY Due to COVID-19

The Ministry of Finance (MOF) says that the Chinese central government's budget revenues are on track to drop by over 7% in...

Beijing Cancels over 800 Flights Following New COVID-19 Outbreak

The Chinese capital has imposed a mass cancellation on transportation to and from the city following a recent outbreak of COVID-19 infections....

Chinese Finance Ministry to Issue USD$9.88 Billion in Anti-Coronavirus Special Sovereign Bonds

China's Ministry of Finance (MOF) plans to issue a total of 70 billion yuan (approx. USD$9.88 billion) in a third round of...

Chinese GDP Will Need to Grow 3% in 2020 to Satisfy Employment Targets Post-COVID-19: Zhu Min

One of China's leading economists says that the country will need to maintain GDP of growth of up to 3% this year...

BlackRock Sees China’s Economy Resuming “Near-trend Growth” by End of 2020

Analysts from US investment giant BlackRock expect the Chinese economy to achieve a rapid convalescence from the impacts of the COVID-19 pandemic...

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China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...