BEIJING (China Daily/ANN): New forms of consumption will inject strong impetus into forming the "dual-circulation" development paradigm, and China should accelerate the development of new consumption based on new business forms during the 14th Five-Year Plan (2021-25) period, according to a senior economist.
Chief Executive Carrie Lam Cheng Yuet-ngor Speaking to China Daily in an exclusive interview.- China Daily
HONG KONG (China Daily/ANN): Carrie Lam Cheng Yuet-ngor, chief executive of the Hong Kong Special Administrative Region, lashed out on Tuesday at some foreign politicians for applying double standards, saying they value the security of their own nation but belittle China s legitimate security concerns, especially in the city of Hong Kong.
Lam asked why Hong Kong should not have safeguards on national security when jurisdictions all over the world have multiple laws to safeguard their own national security. Are they suggesting that the safety of Hong Kong people is of lesser significance and importance to the people of Hong Kong than the US citizens in American society? she told reporters before the Executive Council meeting.
BEIJING (China Daily/ANN): An Italian was found to have been infected with Covid-19 in November 2019, making her "patient zero" of the coronavirus outbreak in Italy, which has been one of the deadliest in Europe.
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Visitors check out a promotional video for China Construction Bank loan products during a financial expo in Beijing in October. - China Daily
BEIJNG (China Daily/ANN): Macroeconomic observers see China maintaining a moderate and consistent monetary policy this year.
They also expect more targeted incentives to boost growth of key sectors and shore up weak links.
Among the beneficiaries of such a policy will be the private sector, small businesses and technology firms as the country pursues high-quality development, they said.
Peng Wensheng, chief economist with China International Capital Corp, said in an interview on Thursday that while the country s economy is robustly bouncing back toward pre-Covid-19 levels, a comparatively relaxed monetary environment is still needed to effectively cope with the evolving coronavirus impact and help more businesses stay afloat.
Shoppers buy fruit at a supermarket in Hangzhou, Zhejiang province.- China Daily]
BEIJING (China Daily/ANN): China s factory-gate inflation is likely to turn positive soon as the economic recovery gains more traction, after the country s producer price index dropped by the slowest rate in 11 months in December, experts said on Monday.
The fall in the PPI, which measures factory-gate prices, narrowed to an 11-month low of 0.4 percent on a yearly basis in December, compared with a 1.5 per cent decline a month earlier, the National Bureau of Statistics said on Monday.
On a monthly basis, the PPI rose by 1.1 per cent last month, notching the fastest growth level in four years and rose by 0.6 percentage point from November, the NBS said.