China s crisis in state pension system, unlock USD 15 3 trl newzealandstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newzealandstar.com Daily Mail and Mail on Sunday newspapers.
By Addison Gong
26 Apr 2021
In this round-up, Beijing decides to leave ‘clean coal’ out of the latest list of eligible projects for green bonds, stock exchanges in Shanghai and Shenzhen plan to tighten approval for bond issuance, and the first batch of public infrastructure real estate investment trusts (Reits) are being reviewed at the two bourses.
China has kept the loan prime rate (LPR), the benchmark lending rate, unchanged for the 12th consecutive month in April. The one year LPR remained at 3.85%, and the five year and above rate stayed at 4.65%, the central bank announced last week.
China’s outbound direct investment (ODI) rose 4.6% year-on-year in the first quarter of 2021 to Rmb206.14bn ($31.8bn), according to the Ministry of Commerce. Non-financial ODI dropped 4.9% to Rmb106.81bn during the same period.
JIN DING/CHINA DAILY
With COVID-19 vaccination programs rolling out in different countries, the global economic and business environment is expected to start improving in the second half of this year. But China has already shown a more apparent growth momentum and is set to lead the economic recovery of Asia and even the world.
In all this, the Guangdong-Hong Kong-Macao Greater Bay Area is expected to play an even more important role in connecting China to the overseas markets.
Recently, China has reached a number of trade agreements, including the Regional Comprehensive Economic Partnership, the largest free trade agreement, and wrapped up negotiations on the EU-China Comprehensive Agreement on Investment.
Greater Bay Area set to lead recovery chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Greater Bay Area set to lead recovery chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.