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Top News In பெய்ஜிங் திருத்துதல் Today - Breaking & Trending Today

Analysis: For Xi and China Evergrande, a delicate balancing act

The crisis at property giant China Evergrande Group poses a $305 billion conundrum for President Xi Jinping: how to impose financial discipline without fuelling social unrest. ....

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UPDATE 1-Chinese city curbs exporters' forex transactions to slow yuan rally -sources

By Reuters Staff
3 Min Read
(Adds response from regulator in paragraph 7 and 8; clarifies curbs as verbal guidance in paragraph 3 and 10)
SHANGHAI/BEIJING, March 12 (Reuters) - Regulators have tightened the screws on foreign exchange transactions in one of China’s main export hubs by restricting conversions of exporters’ dollar earnings, people familiar with the matter said, as authorities seek to rein in a surging yuan.
China has long held a tight grip on its currency due to concerns that excessive volatility could affect capital flows and harm the economy. Unlike other large economies, Beijing does not allow fully unrestricted cross-border money transfers, and foreign currency cannot be freely converted into yuan. ....

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China issues 122\.59mln T in 1st round of oil import quotas \-sources | Hellenic Shipping News Worldwide

China issues 122.59mln T in 1st round of oil import quotas -sources
China has issued the first batch of crude oil import quotas for non-state companies at 122.59 million tonnes in 2021, two sources with knowledge of the matter said on Monday, up 18% from the first round for 2020.
The increase follows the launch of new refining facilities such as the Zhejiang Petrochemical Corp (ZPC) plant in the eastern port city of Zhoushan. The ZPC plant last month started operations at a 200,000 barrel per day (bpd) crude processing unit.
Beijing had said in early November that it would raise the non-state crude oil imports quota for 2021 by 20% to 243 million tonnes. ....

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Fosun Pharma to import 100 mln doses of BioNTech's COVID-19 vaccine to China

Article content
Shanghai Fosun Pharmaceutical Group said on Wednesday that BioNTech SE will supply at least 100 million doses of its COVID-19 vaccine, if approved, to mainland China next year.
China has not announced supply deals with Western drugmakers, which instead have partnered with private companies in the country.
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Fosun Pharma to import 100 mln doses of BioNTech s COVID-19 vaccine to China Back to video
Fosun Pharma will make an initial payment of 125 million euros ($151.84 million) by the end of the year for 50 million doses.
Pfizer and BioNTech’s COVID-19 vaccine has already received approval for emergency use in several countries, including the U.S., UK, and Singapore. ....

United Kingdom , Nikhil Kurian Nainan , Roxanne Liu , Shri Navaratnam , Fosun Pharma , Shanghai Fosun Pharmaceutical Group , Fosun Pharmaceutical Group , Jiangsu Province , Beijing Editing , ஒன்றுபட்டது கிஂக்டம் , நிகில் குரியன் நைனன் , ரோக்ஷ்ண்னே லியூ , திரு நவரட்னம் , பெய்ஜிங் திருத்துதல் ,

UPDATE 1-Fosun Pharma to import 100 mln doses of BioNTech's COVID-19 vaccine to China

UPDATE 2-Fosun Pharma to buy 100 mln doses of BioNTech s COVID-19 vaccine for mainland China
Reuters
12/16/2020
(Adds profit breakdown, other supply deals)
Dec 16 (Reuters) - Shanghai Fosun Pharmaceutical Group Co Ltd on Wednesday said it will buy at least 100 million doses of a COVID-19 vaccine from Germany s BioNTech SE for use in mainland China next year, if the vaccine receives approval.
The Chinese government has not announced supply deals with Western drugmakers, which instead have partnered local firms.
Fosun said it will be entitled to 60% of annual gross profit from sales of doses that it will make from imported bulk ingredients, and 65% of profit from sales of doses imported ready for use. ....

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