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PBoC Emphasizes Reasonable Liquidity
The People’s Bank of China (PBoC) announced on April 3 that it would cut the reserve requirement ratio (RRR) for medium and small banks by 1 percent.
Government Encourages Production and Consumption
The People’s Bank of China (PBoC) announced on March 13 that it would cut the reserve requirement ratio (RRR) of banks that meet the assessment criteria by 0.5-1 percent as of March 16.
Major Policy Document Targets Prosperous Society Goal
On February 5, China’s central government issued its No.1 document, a guideline for the entire year related to agriculture, farmers and rural areas, referred to in Chinese as the “three rural issues,” or “san nong.”
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Nation Has Installed 130,000 5G Base Stations
According to China’s Minister of Industry and Information Technology Miao Wei, China had built more than 130,000 5G base stations nationwide by the end of 2019.
Foreign Investment Law Comes into Effect
A number of Chinese individuals obtained a business license for the foreign enterprises they have invested in as China’s Foreign Investment Law came into effect as of January 1, 2020.
China Further Opens Markets
China’s National Development and Reform Commission (NDRC), its top economic planning body, released the 2019 Negative List for Market Access on November 22.