Vanke, one of China’s major property developers, said on Friday that the support of the state asset regulator in Shenzhen, South China’s Guangdong Province will help it release liquidity of more than 10 billion yuan ($1.38 billion).
The consumption made during China’s traditional Lantern Festival, which is seen as a conclusion to the two-week celebration of the Chinese Lunar New Year, extended the buying fever seen in the Spring Festival holidays, data from various Chinese platforms showed.
China s three major A-share indexes continued to close higher across the board on Friday trading, with the benchmark Shanghai Composite Index regaining 3,000 points and recovering all losses since the beginning of 2024. Experts said they were mainly boosted by effective support policies to stabilize the stock market and continuous improvement of economic fundamentals.
Multiple Chinese ports reported increased throughput in January, marking a strong start for the year. As an important economic indicator, port operations showcase the robustness of China s production activity and foreign trade, and the ports play a significant role in maintaining the stability of the global supply chain, experts said.
Almost 400 Xinjiang scenic spots offer free admission during the Spring Festival en.people.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.people.cn Daily Mail and Mail on Sunday newspapers.