BEIJING, May 16 (Xinhua) Despite the recent rise in China consumer price index (CPI), the country has the favorable conditions to keep prices stable with its
SECOND TERM. Photo taken on Nov. 22, 2021 shows the U.S. Federal Reserve in Washington, D.C., the United States. U.S. President Joe Biden on Monday announced that he intends to nominate Jerome Powell for a second term as Federal Reserve chairman and Lael Brainard as vice chair. (Photo by Ting Shen/Xinhua) WASHINGTON - United States President Joe Biden on Monday announced that he intends to nominate Jerome Powell for a second term as Federal Reserve chairman, and Lael Brainard as vice chair. "Chair Powell has provided steady leadership during an unprecedentedly challenging period, including the biggest economic downturn in modern history and attacks on the independence of the Federal Reserve," a White House statement said. The Republican Fed chair, whose four-year term expires in February, is backed by Republican lawmakers and Treasury Secretary Janet Yellen, but has drawn criticism and opposition from some progressive Democrats due to Fed officials' controversial stock tr
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1st LD-Writethru: China moves to keep commodity prices stable
Xinhua
24 May 2021, 18:49 GMT+10
BEIJING, May 24 (Xinhua) Chinese authorities have admonished key enterprises in the bulk commodity sector to rein in market irregularities and keep commodity prices stable, according to the National Development and Reform Commission (NDRC). The NDRC, together with other four relevant government departments, reminded enterprises with market influence in sectors such as iron ore, steel, copper and aluminum at a Sunday meeting to run in accordance with laws and regulations and keep the market prices in order. Industry associations such as the China Iron and Steel Association and the China Nonferrous Metals Industry Association also attended the meeting.