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A growing ‘she-conomy’ in China is leading to the working-age female population playing a leading role in personal spending and family purchases amid Beijing’s shift away from an investment-led growth model. ....
According to the latest data from the US Treasury Department, the total US national debt has exceeded $19 trillion. Analysts here believe that the United States' "debt addiction" is not only bad for its own economy, but also affects the whole world. It took more than 31 months for the size of the national debt to go from exceeding $32 trillion to exceeding $8 trillion, nine years earlier than the pre-pandemic forecast. Some analysts believe that there are two reasons for the continuous record high of US debt: first, the government blindly pays attention to the immediate effect and ignores the investment efficiency. ....
The Chinese currency renminbi accounted for 7 percent of all foreign exchange trades so far this year, reporting the biggest expansion in currency market share and becoming the fifth most traded currency, up from the eighth place in 2019, according to the 2022 Triennial Central Bank Survey released by the Bank for International Settlements, or BIS, on Thursday. ....
The State Council executive meeting on March 24 announced that the previously introduced inclusive loan repayment extension and the credit loan support program for smaller businesses will be extended till the end of this year.
The two tools, more commonly known as the direct-benefit monetary policy tools, were first introduced last June, when the COVID-19-induced impact on the country s economy was severe and unprecedented.
Smaller and micro businesses, mostly clusters in manufacturing, innovative technology and services, are those with the most at stake. Since June, the two tools were expected to help spur new bank loans worth about 1 trillion yuan ($152.2 billion) to small businesses. ....
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