More than 100,000 buyers from 215 countries and regions have already registered to come to the 134th session of the China Import and Export Fair, commonly known as the Canton Fair, the Global Times learned from the China Foreign Trade Center, the organizer of the Canton Fair.
Authorities in mainland China were rushing to quell rumours of imminent war with Taiwan in an attempt to prevent "unpredictable consequences." The rumour mill began to churn after the Ministry of Commerce (Mofcom) encouraged families on Tuesday (Nov 2) to stockpile essentials. Text notifications claiming to be from the People's Liberation Army (PLA) and asking reservists to be prepared for.
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.
In this round-up, the Chinese economy rebounds at a fast pace from a year ago when the Covid-19 pandemic hit, regulators vow to manage hidden debt risks at local governments, and two existing shareholders agree to pump $250m into Luckin Coffee.