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Securities Firm Seized Amid Dismantling of Tomorrow Holding Goes on the Block
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The week in review: PBoC publishes digital renminbi white paper, seven regulators visit Didi for cybersecurity review, Beijing extends Tomorrow group units takeover timeline
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Central SOEs bask in H1 profit glory By ZHONG NAN in Beijing and LIU MINGTAI in Changchun | CHINA DAILY | Updated: 2021-07-15 07:12 A high-speed train production line of China Railway Rolling Stock Corp in Qingdao, Shandong province. [Photo/Xinhua]
For the first time in history, half-yearly net profits of centrally administered State-owned enterprises, or central SOEs, exceeded 1 trillion yuan ($155 billion) in the first half of this year.
Net profits soared by 133.3 percent year-on-year to 1.02 trillion yuan on combined revenues of 17.1 trillion yuan, up 28.2 percent year-on-year, data from the State Council s State-owned Assets Supervision and Administration Commission, or SASAC, showed late on Tuesday.
Globalizing Leninist Institutions: Trends in Overseas Party Building
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By Addison Gong
14 May 2021
In this round-up, China records the lowest population growth in decades, the pace of credit expansion moderates, and a surge in the country’s factory gate prices adds to global inflation concerns.
China’s population hit 1.412bn last year, up from 1.4bn in 2019 and an increase of 72.06m from 2010, according to the National Bureau of Statistics (NBS). The average annual growth rate was 0.53% for the past decade, slower than the 0.57% recorded for the 2000-2010 period. Those aged 60 or above made up 18.7% of the population, which was 5.44 percentage points higher compared to 2010. The male to female ratio was 51.24 to 48.76.