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Top related persons:
That's - 1 Zhao Chenxin - 1 Goldman Sachs - 1 Morgan Stanley - 1 Zhao - 1 Bruce Pang - 1 Fu Jinling - 1 Fu - 1
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Qingzhou Weifang City Shandong Province China oversupply Beijing JLL People's Bank of China
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Visual China - 1 Getty - 1 BEIJING - 1 National Development - 1 Reform Commission - 1 CNBC - 1 Analysts - 1 People's Bank of - 1

Search resuls for: "Zhao Chenxin"


5 mentions found


☆ China's policy to boost demand by $700 billion will have a 'bigger and bigger' impact, official says
  + stars: | 2024-04-12 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
Vcg | Visual China Group | Getty ImagesBEIJING — China's latest policy to boost demand will soon have a greater effect on growth, a top official at the economic planning agency told reporters Thursday. "We believe this work will achieve bigger and bigger results," he said in Mandarin, translated by CNBC. He noted that equipment upgrades account for 9% to 10% of total GDP. 'Strong' central government fiscal supportIn terms of fiscal funding for those upgrades, Zhao said the central government would provide "strong support." Part of the equipment upgrade and consumer trade-in policy also focuses on improving standards for the kinds of products that can be used.
Persons: That's, Zhao Chenxin, Goldman Sachs, Morgan Stanley, Zhao, Bruce Pang, Fu Jinling, Fu, Francoise Huang, We're, JLL's Pang, Shan Zhongde Organizations: Visual China, Getty, BEIJING, National Development, Reform Commission, CNBC, Analysts, People's Bank of, Allianz Trade, Ministry of Industry, Information Technology, Ministry of Housing, Ministry of Commerce, State Administration, Market, China's Ministry of Commerce, Industry, Global Locations: Qingzhou, Weifang City, Shandong Province, China, oversupply, Beijing, JLL, People's Bank of China
☆ China's green loans exceed $3.2 trln, central bank chief says
  + stars: | 2023-03-29 | by ( ) www.reuters.com   time to read: +1 min
BOAO, China, March 29 (Reuters) - China's outstanding green loans currently exceed 22 trillion yuan ($3.2 trillion), accounting for about 10% of the country's total loan balance, People's Bank of China Governor Yi Gang said on Wednesday. Separately, China's green bonds have hit more than 2.5 trillion yuan, Yi said at the Boao Forum in southern China's Hainan province. "Achieving carbon neutrality requires 'carrots and sticks'," Yi said, adding that a central bank incentive mechanism, which provides commercial banks with loans with interest rates as low as 1.75%, could be equated to a "carrot". To support carbon emission reduction, the central bank has lent more than 300 billion yuan via a relending tool which has helped banks to make 600 billion yuan in loans to green projects. The central bank said in January it would keep the relending tool in place until the end of 2024.
☆ China delayed the release of key economic data to avoid distraction amid the Communist Party Congress, not to conceal data, analysts say
  + stars: | 2022-10-18 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +4 min
China delayed the release of key economic data, including third-quarter GDP, scheduled for this week. The postponement of the data — GDP in particular — has raised speculation that the numbers are deliberately being hidden. "Beijing just wants everyone and the media coverage to focus on the Congress, not on economic data." While delays in monthly statistical data release are indeed "quite unusual," they are not unprecedented, according to Zhuang. However, it's the first time Beijing is delaying GDP data release.
☆ China showed 'significant' Q3 rebound but faces challenges-state planner
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, Oct 17 (Reuters) - China's economy showed a significant recovery in the third quarter and employment is generally stable, said an official at China's economic state planner on Monday, but the economy still faces many challenges and difficulties. The comments come as the world's second-largest economy has grappled with stringent COVID-19 curbs and a deepening property crisis. "The improvement of the Chinese economy will be consolidated as the effects of macro policies continue to be released," said Zhao Chenxin, deputy head of the National Development and Reform Commission, at a news conference. China will unswervingly promote the opening up of its markets and give greater space for economic development in Hong Kong and Macau, Zhao added. Register now for FREE unlimited access to Reuters.com RegisterReporting by Liangping Gao and Kevin Yao; Editing by Christopher Cushing and Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.
☆ China's new growth goals require a change for attracting foreign investors, official says
  + stars: | 2022-10-17 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +2 min
BEIJING — A Chinese official confirmed Monday a shift in the country's growth goals and indicated things will change for foreign investment. "We also face a new situation for attracting foreign investment," he said. China relied heavily on foreign investment for its initial surge of growth in the 1990s to early 2000s when new government policies allowed greater foreign access to the market after decades of closure. Looking ahead, Zhao said Monday that China would encourage foreign investment in advanced manufacturing, higher-quality services, high-tech, energy conservation and environmental protection. He also noted specific support for such investment in the central, western and northeastern parts of China.
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