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News Brief

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.

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.

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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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.

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’s National Development and Reform Commission (NDRC), its top economic planning body, released the 2019 Negative List for Market Access on November 22.