The People’s Bank of China (PBoC) announced on the first day of 2020 that it would reduce the reserve requirement ratio (RRR), the cash amount that financial institutions must hold as reserves at the central bank – excluding financial companies, financial lease companies and automobile finance companies – by 0.5 percent as of January 6, a move analysts estimated would help release more than 800 billion yuan (US$114.3b) on the market.
Economist Bai Chongen calls on policymakers to allow market players to have more say in improving the business environment to suit modern needs
Macao seeks to diversify its economy and take on a new role under the Bay Area Plan as its reliance on the casino industry comes into question
More of China’s local railway companies are adjusting the prices of high-speed rail tickets based on demand and traffic, a move expected to propel market-oriented reforms across the country’s rail network
Challenged by an economic slowdown and an ongoing trade war with the US, China doubles down on its advancements in digital technology, from 5G to blockchain
Official data showed that China’s CPI (consumer price index), an index of inflation, rose by 3.8 percent in October compared to the same month in 2018, the highest year-on-year growth in the last seven years.