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Profit growth of China’s major industrial enterprises slowed to 9 percent in November, down 15.6 percentage points from October, amid lingering cost pressure on firms and COVID-19 flare-ups.
China will firmly curb the increase of new “hidden debt” and stabilize the mechanism that settles existing “hidden debt” to guard against systemic financial risks, while speeding up preliminary work for special-purpose bond issues next year, Chinese authorities said, after the tone-setting Central Economic Work Conference last week put a heavy emphasis on economic stability. ...
China will firmly curb the increase of new
Christmas product sellers across China are ramping up production to make a final sprint before the Christmas season, as shipping freight rates have fallen by more than 20 percent in two weeks, Chinese vendors and logistics companies told the Global Times on Sunday.
A dozen centrally-administered state-owned enterprises (SOEs) in various industries have set up a platform for making breakthroughs in auto technologies that are vulnerable to external risks, according to media reports on Thursday.