【双语财讯】我国将增发1万亿元特别国债
1 year, 1 month ago

【双语财讯】我国将增发1万亿元特别国债

China Daily  

中央财政将在今年四季度增发2023年国债10000亿元，增发的国债全部通过转移支付方式安排给地方，集中力量支持灾后恢复重建和弥补防灾减灾救灾短板，整体提升我国抵御自然灾害的能力。 A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. China has decided to issue 1 trillion yuan of special treasury bonds during the fourth quarter, expanding budgeted fiscal deficit rates to around 3.8 percent for the year, up from 3 percent. 根据全国人大常委会10月24日表决通过的这一方案，增发的国债全部通过转移支付方式安排给地方。 Around 500 billion yuan is planned to be utilized within the year, while the remaining half trillion yuan will be used next year. 今年拟安排使用5000亿元，结转明年使用5000亿元。 According to the finance ministry, the funds raised will be mostly used in eight areas including reconstruction after disaster, flood prevention and management projects, and natural disaster emergency response capacity improvement projects. 财政部表示，下一步将及时启动国债发行工作，确保如期完成国债发行任务。 It will also ensure smooth transfer payment work and strengthen regulation so that the funds will be used as planned, the ministry said.

 payment  funds  ministry  trillion  transfer  双语财讯我国将增发1万亿元特别国债  yuan  raised  planned  used  work

History of this topic

Experts see expansionary moves ahead
1 week, 3 days ago

Experts see expansionary moves ahead

China Daily  

A view of Shanghai's Pudong New Area. China may roll out unprecedented expansionary moves in macroeconomic adjustments next year after a top-level meeting signaled a significant shift of mindset in prioritizing the expansion of domestic demand amid external uncertainties, policy researchers and economists said. Measures in the pipeline may include the highest official projected deficit ratio on record, a sharp …

Policy support driving V-shaped recovery in Q4, experts say
Top News
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, …

Policy support driving V-shaped recovery in Q4, experts say
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, the ongoing round of …

Policy support driving V-shaped recovery in Q4, experts say
Top News
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, …

Policy support driving V-shaped recovery in Q4, experts say
Top News
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, …

Policy support driving V-shaped recovery in Q4, experts say
Top News
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

By Zhou Lanxu | chinadaily.com.cn | Updated: 2024-11-20 14:59 The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities …

Policy support driving V-shaped recovery in Q4, experts say
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, …

China’s 10-year bond yields drop amid $1.4 billion debt refinancing program, more stimulus awaited
1 month, 2 weeks ago

China’s 10-year bond yields drop amid $1.4 billion debt refinancing program, more stimulus awaited

Live Mint  

Yield for China's benchmark 10-year bonds have slid to their lowest in over a month after the government announced its 10 trillion yuan or $1.4 billion worth debt refinancing programme, Bloomberg reported. China's Debt Refinancing Programme — The Details The announcement was made after the National People’s Congress Standing Committee meeting on November 8, to “underwhelmed” reactions, as per the …

China approves $840B plan to refinance local government debt, boost slowing economy
1 month, 2 weeks ago

China approves $840B plan to refinance local government debt, boost slowing economy

Associated Press  

BEIJING — China on Friday approved a 6 trillion yuan plan to help local governments refinance their mountains of debt, in the latest push to rev up growth in the world’s second largest economy. Finance minister Lan Fo’an estimated that the hidden debt of local governments was 14.3 trillion yuan at the end of 2023. Lan said 2 trillion yuan …

China economy: Beijing approves $1.4 trillion debt package in latest measure to boost flagging growth
1 month, 2 weeks ago

China economy: Beijing approves $1.4 trillion debt package in latest measure to boost flagging growth

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — China has approved a 10 trillion yuan plan to bolster its ailing economy by allowing local governments to refinance their debt, unveiling additional stimulus measures to counter a potentially …

China leverages fiscal toolbox to consolidate economic growth
1 month, 2 weeks ago

China leverages fiscal toolbox to consolidate economic growth

China Daily  

China has appropriately enhanced the intensity of the proactive fiscal policy so far this year, utilizing a combination of policy tools, including ultra-long special treasury bonds and tax and fee reductions to promote its sustained economic recovery. Some 700 billion yuan of funds raised via the ultra-long special treasury bonds have been allocated to support the implementation of major national …

China to unveil massive debt swap program to avert economic crisis
2 months, 1 week ago

China to unveil massive debt swap program to avert economic crisis

China Daily  

China is considering a massive debt swap program worth trillions of yuan to address its economic challenges. The program will focus on alleviating debt pressures facing local governments, boosting corporate performance, and stabilizing the regulatory environment. The central government plans to increase the debt limit by a large scale at once and replace the hidden debt of local governments, without …

每日一词|绿色金融债券 green financial bonds
4 months ago

每日一词|绿色金融债券 green financial bonds

China Daily  

国家开发银行日前成功发行120亿元3年期绿色金融债券，发行利率1.63%。截至目前，国开行已累计发行绿色金融债券1890亿元。 China's National Development Bank, a key policy bank, has successfully released 12 billion yuan in the form of three-year green financial bonds, with an issuance rate of 1.63 percent. The NDB has now reached a cumulative total of 189 billion yuan in terms of issued green financial bonds. 【知识点】 绿色金融债券是金融机构法人依法在银行间债券市场发行的、募集资金用于支持绿色产业项目并按约定还本付息的有价证券。绿色金融债券的推出，为金融机构通过债券市场筹集资金支持环保、节能、清洁能源、清洁交通等绿色产业项目创新了筹资渠道，有利于增加绿色信贷特别是中长期绿色信贷的有效供给，是建设绿色金融体系的一项重要举措，对于提高经济绿色化程度、推进我国生态文明建设、促进经济社会可持续发展具有积极意义。 【重要讲话】 完善支持绿色发展的财税、金融、投资、价格政策和标准体系，发展绿色低碳产业，健全资源环境要素市场化配置体系，加快节能降碳先进技术研发和推广应用，倡导绿色消费，推动形成绿色低碳的生产方式和生活方式。 Fiscal, taxation, financial, investment, and pricing policies …

每日一词|绿色金融债券 green financial bonds
4 months ago

每日一词|绿色金融债券 green financial bonds

China Daily  

国家开发银行日前成功发行120亿元3年期绿色金融债券，发行利率1.63%。截至目前，国开行已累计发行绿色金融债券1890亿元。 China's National Development Bank, a key policy bank, has successfully released 12 billion yuan in the form of three-year green financial bonds, with an issuance rate of 1.63 percent. The NDB has now reached a cumulative total of 189 billion yuan in terms of issued green financial bonds. 【知识点】 绿色金融债券是金融机构法人依法在银行间债券市场发行的、募集资金用于支持绿色产业项目并按约定还本付息的有价证券。绿色金融债券的推出，为金融机构通过债券市场筹集资金支持环保、节能、清洁能源、清洁交通等绿色产业项目创新了筹资渠道，有利于增加绿色信贷特别是中长期绿色信贷的有效供给，是建设绿色金融体系的一项重要举措，对于提高经济绿色化程度、推进我国生态文明建设、促进经济社会可持续发展具有积极意义。 【重要讲话】 完善支持绿色发展的财税、金融、投资、价格政策和标准体系，发展绿色低碳产业，健全资源环境要素市场化配置体系，加快节能降碳先进技术研发和推广应用，倡导绿色消费，推动形成绿色低碳的生产方式和生活方式。 Fiscal, taxation, financial, investment, and pricing policies …

Foreign holdings of Chinese bonds see net increase of $20b in July
4 months, 1 week ago

Foreign holdings of Chinese bonds see net increase of $20b in July

China Daily  

BEIJING - The net increase in foreign holdings of domestic bonds stood at $20 billion in July, soaring 1.4 times from the previous month, data from China's State Administration of Foreign Exchange showed Thursday. Foreign investors were still highly motivated to allocate RMB assets as cross-border capital flow improved in July, it said. China's foreign trade also continued to grow …

China revs up fiscal policy support to spur economic recovery
4 months, 3 weeks ago

China revs up fiscal policy support to spur economic recovery

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. BEIJING - China is making efforts to step up its fiscal policy support and ensure the implementation of established policies, aiming to consolidate its economic recovery as rising external headwinds weigh on growth. The country will strengthen its fiscal policy to ensure the economy sustains its recovery momentum, …

每日一词|研发经费投入 Research and Experimental Development (R&D) spending
4 months, 3 weeks ago

每日一词|研发经费投入 Research and Experimental Development (R&D) spending

China Daily  

国务院国资委称，今年1月至6月，地方国资委监管企业研发经费投入2495.7亿元，同比增长10.4%。 State-owned enterprises supervised and administered by local governments in China reported a 10.4 percent rise in R&D spending that amounted to 249.57 billion yuan in the first half of 2024, according to the State-owned Assets Supervision and Administration Commission of the State Council. 2024年7月13日，施工人员在“鲲鹏号”盾构机内检查管片拼装精度。图片来源：新华社 【知识点】 R&D是英文Research and Experimental Development的缩写，中文译为“研究与试验发展”，简称“研发”。研究与试验发展（R&D）经费指统计年度内全社会实际用于基础研究、应用研究和试验发展的经费支出，包括实际用于研究与试验发展活动的人员劳务费、原材料费、固定资产购建费、管理费及其他费用支出。研究与试验发展（R&D）经费投入，简称研发经费投入。 研究与试验发展经费及其投入强度，是国际上广泛使用的、衡量一个国家或地区自主创新投入规模及水平的重要指标。随着创新驱动发展战略深入实施，研发经费及其投入强度已成为监测我国科技创新能力的核心指标，在宏观决策管理中发挥着越来越重要的作用。 据国务院国资委介绍，“十三五”期间中央企业研发投入年均增长14.5%，过去两年研发投入均超过万亿元，在航天、深海、能源、交通等领域取得了一批标志性成果，在关键材料、核心元器件等领域实现重大突破。 国务院国资委数据显示，各地国资委监管企业经营发展有序推进，1月至6月实现营业总收入19.2万亿元、利润总额8267.8亿元，完成固定资产投资2.9万亿元，存量资产有效盘活，重点领域风险防范有力有效；科技创新能力加快提升，研发经费投入2495.7亿元，同比增长10.4%。 【重要讲话】 深化科技体制改革，深化科技评价改革，加大多元化科技投入，加强知识产权法治保障，形成支持全面创新的基础制度。 We will deepen structural scientific …

China to step up fiscal policy implementation to spur economic recovery: official
4 months, 3 weeks ago

China to step up fiscal policy implementation to spur economic recovery: official

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. The country will issue the ultra-long special treasury bonds in a timely manner and make good use of the funds raised from the bond sales, Lin Zechang, of the Ministry of Finance, told a press conference. Lin said that the country will also speed up the issuance …

每日一词|研发经费投入 Research and Experimental Development (R&D) spending
4 months, 3 weeks ago

每日一词|研发经费投入 Research and Experimental Development (R&D) spending

China Daily  

国务院国资委称，今年1月至6月，地方国资委监管企业研发经费投入2495.7亿元，同比增长10.4%。 State-owned enterprises supervised and administered by local governments in China reported a 10.4 percent rise in R&D spending that amounted to 249.57 billion yuan in the first half of 2024, according to the State-owned Assets Supervision and Administration Commission of the State Council. 2024年7月13日，施工人员在“鲲鹏号”盾构机内检查管片拼装精度。图片来源：新华社 【知识点】 R&D是英文Research and Experimental Development的缩写，中文译为“研究与试验发展”，简称“研发”。研究与试验发展（R&D）经费指统计年度内全社会实际用于基础研究、应用研究和试验发展的经费支出，包括实际用于研究与试验发展活动的人员劳务费、原材料费、固定资产购建费、管理费及其他费用支出。研究与试验发展（R&D）经费投入，简称研发经费投入。 研究与试验发展经费及其投入强度，是国际上广泛使用的、衡量一个国家或地区自主创新投入规模及水平的重要指标。随着创新驱动发展战略深入实施，研发经费及其投入强度已成为监测我国科技创新能力的核心指标，在宏观决策管理中发挥着越来越重要的作用。 据国务院国资委介绍，“十三五”期间中央企业研发投入年均增长14.5%，过去两年研发投入均超过万亿元，在航天、深海、能源、交通等领域取得了一批标志性成果，在关键材料、核心元器件等领域实现重大突破。 国务院国资委数据显示，各地国资委监管企业经营发展有序推进，1月至6月实现营业总收入19.2万亿元、利润总额8267.8亿元，完成固定资产投资2.9万亿元，存量资产有效盘活，重点领域风险防范有力有效；科技创新能力加快提升，研发经费投入2495.7亿元，同比增长10.4%。 【重要讲话】 深化科技体制改革，深化科技评价改革，加大多元化科技投入，加强知识产权法治保障，形成支持全面创新的基础制度。 We will deepen structural scientific …

每日一词|研发经费投入 Research and Experimental Development (R&D) spending
4 months, 3 weeks ago

每日一词|研发经费投入 Research and Experimental Development (R&D) spending

China Daily  

国务院国资委称，今年1月至6月，地方国资委监管企业研发经费投入2495.7亿元，同比增长10.4%。 State-owned enterprises supervised and administered by local governments in China reported a 10.4 percent rise in R&D spending that amounted to 249.57 billion yuan in the first half of 2024, according to the State-owned Assets Supervision and Administration Commission of the State Council. 2024年7月13日，施工人员在“鲲鹏号”盾构机内检查管片拼装精度。图片来源：新华社 【知识点】 R&D是英文Research and Experimental Development的缩写，中文译为“研究与试验发展”，简称“研发”。研究与试验发展（R&D）经费指统计年度内全社会实际用于基础研究、应用研究和试验发展的经费支出，包括实际用于研究与试验发展活动的人员劳务费、原材料费、固定资产购建费、管理费及其他费用支出。研究与试验发展（R&D）经费投入，简称研发经费投入。 研究与试验发展经费及其投入强度，是国际上广泛使用的、衡量一个国家或地区自主创新投入规模及水平的重要指标。随着创新驱动发展战略深入实施，研发经费及其投入强度已成为监测我国科技创新能力的核心指标，在宏观决策管理中发挥着越来越重要的作用。 据国务院国资委介绍，“十三五”期间中央企业研发投入年均增长14.5%，过去两年研发投入均超过万亿元，在航天、深海、能源、交通等领域取得了一批标志性成果，在关键材料、核心元器件等领域实现重大突破。 国务院国资委数据显示，各地国资委监管企业经营发展有序推进，1月至6月实现营业总收入19.2万亿元、利润总额8267.8亿元，完成固定资产投资2.9万亿元，存量资产有效盘活，重点领域风险防范有力有效；科技创新能力加快提升，研发经费投入2495.7亿元，同比增长10.4%。 【重要讲话】 深化科技体制改革，深化科技评价改革，加大多元化科技投入，加强知识产权法治保障，形成支持全面创新的基础制度。 We will deepen structural scientific …

【双语财讯】美国联邦政府债务规模突破35万亿美元大关
4 months, 3 weeks ago

【双语财讯】美国联邦政府债务规模突破35万亿美元大关

China Daily  

据福克斯商业频道29日报道，美国财政部网站当日发布的最新数据显示，美国联邦政府债务规模已突破35万亿美元大关。 The U.S. national debt surpassed $35 trillion for the first time in the nation's history on Monday as the federal government continues to accumulate debt at a record-setting pace. 就在几个月前，美国联邦政府债务规模在今年初达到34万亿美元，在2023年9月突破33万亿美元。相比之下，40年前，美国债务徘徊在9070亿美元左右。 "Just last month the Congressional Budget Office warned Americans that debt held by the public is on its way to a new record share of the economy in three …

Intensifying policy implementation helps stabilize growth and expectation
5 months ago

Intensifying policy implementation helps stabilize growth and expectation

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. Latest statistics show that up to now, all the 15,000 projects funded by such bonds have been launched, a sign of China's strengthened macro-regulation to play the role of government investment in boosting the economy. Restoring and expanding demand is the key to sustained economic recovery while …

【双语财讯】我国去年新增5个“千亿县” 总数达到59个
6 months ago

【双语财讯】我国去年新增5个“千亿县” 总数达到59个

China Daily  

据赛迪方略研究数据，2023年，新增千亿县5个，千亿县总数达到59个。新增的5个千亿县有2个（平湖市、宁海县）来自浙江，另外3个来自中西部，分别是新疆库尔勒市、河南巩义市、陕西府谷县。 A staff member monitors the control system at a workshop of the Suzhou Qingyue Optoelectronics Technology Co Ltd in Kunshan, Jiangsu province, on May 15, 2024. China adds five new counties with GDP exceeding 100 billion yuan in 2023, bringing the total to 59, according to data from market research firm CCID Consulting, ThePaper reported on Wednesday. 这59个千亿县的GDP总量达到9.6万亿元，占全国比重达到7.6%，同比提升0.4个百分点。 Kunshan's …

Ultra-long special treasury bonds can promote quantitative growth
6 months ago

Ultra-long special treasury bonds can promote quantitative growth

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. The Ministry of Finance recently, for the first time, issued 50-year ultra-long special treasury bonds, with a total issue of 35 billion yuan. In order to make up the gap of fiscal revenue and expenditure, it is necessary to increase the issuance of government bonds, …

Ultra-long special treasury bonds can promote quantitative growth
6 months ago

Ultra-long special treasury bonds can promote quantitative growth

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. The Ministry of Finance recently, for the first time, issued 50-year ultra-long special treasury bonds, with a total issue of 35 billion yuan. In order to make up the gap of fiscal revenue and expenditure, it is necessary to increase the issuance of government bonds, …

China issues 50-year special treasury bonds worth 35 bln yuan
6 months, 1 week ago

China issues 50-year special treasury bonds worth 35 bln yuan

China Daily  

BEIJING -- China on Friday issued another batch of ultra-long special treasury bonds with a total value of 35 billion yuan. The 50-year ultra-long special treasury bonds, the first of its kind this year, were issued at the Beijing Stock Exchange with a nominal interest rate of 2.53 percent. Previously, four batches of ultra-long special treasury bonds have been issued …

China's financing activities remain steady
6 months, 1 week ago

China's financing activities remain steady

China Daily  

This undated file photo shows an exterior view of the People's Bank of China in Beijing, capital of China. China's financing activity remained lukewarm as the increment in aggregate social financing — the total amount of financing to the real economy — stood at 14.8 trillion yuan in the first five months of 2024, down by 2.52 trillion yuan compared …

【双语财讯】专家：发行超长期国债有助于刺激内需 支撑经济持续向好
7 months, 1 week ago

【双语财讯】专家：发行超长期国债有助于刺激内需 支撑经济持续向好

China Daily  

财政部将于5月17日起发行1万亿元超长期特别国债，到11月中旬发行完毕。专家表示，发行超长期国债将有助于稳定预期、刺激内需并支撑经济持续向好。 Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. 根据财政部5月13日发布的消息，1万亿元超长期特别国债将于5月17日首发，到11月中旬发行完毕，包括20年期、30年期和50年期。 "The ultra-long bond issuance marks the introduction of a new policy tool that will be vital for supporting the government's investment in key projects, which will give full play to the crucial role of government investment in shoring up economic growth," said Zhang …

【双语财讯】专家：发行超长期国债有助于刺激内需 支撑经济持续向好
7 months, 1 week ago

【双语财讯】专家：发行超长期国债有助于刺激内需 支撑经济持续向好

China Daily  

财政部将于5月17日起发行1万亿元超长期特别国债，到11月中旬发行完毕。专家表示，发行超长期国债将有助于稳定预期、刺激内需并支撑经济持续向好。 Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. 根据财政部5月13日发布的消息，1万亿元超长期特别国债将于5月17日首发，到11月中旬发行完毕，包括20年期、30年期和50年期。 "The ultra-long bond issuance marks the introduction of a new policy tool that will be vital for supporting the government's investment in key projects, which will give full play to the crucial role of government investment in shoring up economic growth," said Zhang …

Special bonds aim to promote demand, growth
7 months, 1 week ago

Special bonds aim to promote demand, growth

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. "The ultra-long bond issuance marks the introduction of a new policy tool that will be vital for supporting the government's investment in key projects, which will give full play to the crucial role of government investment in shoring up economic growth," said Zhang Liqun, a …

China's new budget book reveals fiscal priorities for 2024
9 months, 1 week ago

China's new budget book reveals fiscal priorities for 2024

China Daily  

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. Greater fiscal input The ultra-long special treasury bonds to be issued over each of the next several years, along with other arrangements including budget deficits, special-purpose bonds, preferential tax and fee policies as well as government subsidies, mark the country's strengthened fiscal …

Country's development potential continues to be released
9 months, 1 week ago

Country's development potential continues to be released

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. In the first two months of this year, the total value of China's exports was $528.01 billion, up 7.1 percent year-on-year, and the total value of its imports was $402.85 billion, an increase of 3.5 percent compared with the same period last year. China's exports to the …

Fiscal moves to bolster recovery
9 months, 2 weeks ago

Fiscal moves to bolster recovery

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. At a news conference on Wednesday on the sidelines of the ongoing annual session of the national legislature, Lan Fo'an, minister of finance, said work will be done to expand fiscal expenditure appropriately to ensure sufficient funding for major national strategic tasks, markedly increase …

Increase in fiscal revenue result of and boost to solid recovery
10 months, 2 weeks ago

Increase in fiscal revenue result of and boost to solid recovery

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. In 2023, the national fiscal revenue exceeded 21 trillion yuan, an increase of 6.4 percent from the previous year. In 2023, the Chinese government's tax revenue was 18,113 billion yuan, an increase of 8.7 percent year-on-year, among which the value-added tax was 6,933.2 billion …

China weighs more stimulus, considers $139 billion of special bonds: Report
11 months, 1 week ago

China weighs more stimulus, considers $139 billion of special bonds: Report

Live Mint  

China is considering 1 trillion yuan of new debt issuance under a special sovereign bond plan - which will be only the fourth such sale in the past 26 years, according to a Bloomberg report. In that case, Beijing took the unusual step of raising 2023’s fiscal deficit ratio to about 3.8 per cent of gross domestic product — an …

【双语财讯】三季度我国银行办理非现金支付1326.19万亿元
11 months, 4 weeks ago

【双语财讯】三季度我国银行办理非现金支付1326.19万亿元

China Daily  

中国人民银行发布数据显示，三季度，全国银行共办理非现金支付业务1455.22亿笔，金额1326.19万亿元，同比分别增长14.01%和3.92%。中国人民银行相关人士介绍，三季度，我国支付体系运行平稳，银行账户数量、非现金支付业务量、支付系统业务量等总体保持增长。 Photo / Xinhua Non-cash payments handled by Chinese banks continued steady growth in the third quarter of 2023, data from the central bank showed. 中国人民银行（以下简称“央行”）发布数据显示，2023年第三季度，我国银行办理非现金支付业务量稳步增长。 Non-cash payments hit 1326.19 trillion yuan during the period, up 3.92 percent year on year, according to a report from the People's Bank of China. 报告称，电子支付在非现金支付中占比最大，金额为858.34万亿元。 A closer look at data for electronic payment …

China allocates 2nd batch of funds raised by 1-trillion-yuan additional govt bonds
1 year ago

China allocates 2nd batch of funds raised by 1-trillion-yuan additional govt bonds

China Daily  

This aerial photo taken on Nov 8, 2023 shows a view of Hongze Lake in Huai'an, East China's Jiangsu province. BEIJING -- China has allocated the second batch of funds raised by the issuance of an additional 1-trillion-yuan of government bonds for flood control and other projects. The National Development and Reform Commission, the country's top economic planner, said Saturday …

First batch of projects to be supported with additional treasury bonds unveiled
1 year ago

First batch of projects to be supported with additional treasury bonds unveiled

China Daily  

China has issued a budget for the first batch of projects to use funds raised through the additional 1 trillion yuan of sovereign bonds announced in October, China Daily learned from the Ministry of Finance. Totaling 237.9 billion yuan, the budgeted amount was issued recently and will be allocated as subsidy funds to three areas: 107.5 billion yuan for post-disaster …

Panda bonds to help RMB expand footprint
1 year ago

Panda bonds to help RMB expand footprint

China Daily  

A view of the Huangpu River in Shanghai. Increased interest in panda bonds, spurred by China's low interest rates and supportive policies, will help promote the internationalization of the renminbi, experts said on Monday. The low interest rate in China is an incentive for international institutions to issue panda bonds, said Ethan Wang, head of investment strategy for wealth management …

【双语财讯】我国将增发1万亿元特别国债
1 year, 1 month ago

【双语财讯】我国将增发1万亿元特别国债

China Daily  

中央财政将在今年四季度增发2023年国债10000亿元，增发的国债全部通过转移支付方式安排给地方，集中力量支持灾后恢复重建和弥补防灾减灾救灾短板，整体提升我国抵御自然灾害的能力。 A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. China has decided to issue 1 trillion yuan of special treasury bonds during the fourth quarter, expanding budgeted fiscal deficit rates to around 3.8 percent for the year, up from 3 percent. 根据全国人大常委会10月24日表决通过的这一方案，增发的国债全部通过转移支付方式安排给地方。 Around 500 billion yuan is planned to be utilized within the …

上半年人民币贷款增加15.73万亿元
1 year, 5 months ago

上半年人民币贷款增加15.73万亿元

China Daily  

中国人民银行发布的最新数据显示，今年上半年，我国人民币贷款增加15.73万亿元，同比多增2.02万亿元。 File photo shows a bank staff member counts 100-yuan banknotes at the Beijing Branch of the Bank of Communication in Beijing, capital of China. China's yuan-denominated loans rose by 15.73 trillion yuan in the first half of the year, central bank data showed Tuesday. 上半年净投放现金789亿元。 Total new social financing in the first half of the year amounted to 21.55 …

2022年全国住房公积金发放个人住房贷款逾一万亿元
1 year, 6 months ago

2022年全国住房公积金发放个人住房贷款逾一万亿元

China Daily  

2022年，全国住房公积金各项业务运行平稳，住房公积金缴存额31935.05亿元，发放个人住房贷款247.75万笔、11841.85亿元。截至2022年底，个人住房贷款率达78.94%。 A view of Beijing's CBD area on Aug 19, 2022. China issued over 1.18 trillion yuan worth of mortgage loans from the housing provident fund in 2022, benefitting more home buyers, official data showed Thursday. 住房和城乡建设部、财政部、中国人民银行6月8日联合发布的《全国住房公积金2022年年度报告》显示，2022年住房公积金制度惠及面进一步扩大，发放个人住房贷款超1.18万亿元。 The interest rates on these loans are 0.9 to 1.35 percentage points lower than the benchmark loan prime rate, which is estimated to …

三月金融数据超预期 信贷投放靠前发力
1 year, 8 months ago

三月金融数据超预期 信贷投放靠前发力

China Daily  

我国首季金融统计数据4月11日出炉，一季度我国新增人民币贷款创新高。专家认为，一季度金融支持靠前发力，信贷呈现供需两旺态势，有助于巩固拓展向好势头，进一步推动经济运行持续整体好转。 A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. China's new yuan-denominated loans hit a record high of 10.6 trillion yuan during the first quarter of the year, up 2.27 trillion yuan from a year ago, central bank data showed Tuesday. 其中，3月份人民币贷款增加3.89万亿元，同比多增7497亿元。 The M2 increased 12.7 percent year on year to 281.46 trillion yuan at the …

三月金融数据超预期 信贷投放靠前发力
1 year, 8 months ago

三月金融数据超预期 信贷投放靠前发力

China Daily  

我国首季金融统计数据4月11日出炉，一季度我国新增人民币贷款创新高。专家认为，一季度金融支持靠前发力，信贷呈现供需两旺态势，有助于巩固拓展向好势头，进一步推动经济运行持续整体好转。 A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. China's new yuan-denominated loans hit a record high of 10.6 trillion yuan during the first quarter of the year, up 2.27 trillion yuan from a year ago, central bank data showed Tuesday. 其中，3月份人民币贷款增加3.89万亿元，同比多增7497亿元。 The M2 increased 12.7 percent year on year to 281.46 trillion yuan at the …

双语速览！极简版政府工作报告来了
1 year, 9 months ago

双语速览！极简版政府工作报告来了

China Daily  

3月5日，李克强总理向十四届全国人大一次会议作政府工作报告，要点如下： 一、过去一年和五年工作回顾 过去一年： 全年国内生产总值增长3% Gross domestic product of the year grew by 3 percent. 粮食产量连年稳定在1.3万亿斤以上 Annual grain output remained steady at over 650 million metric tons for several consecutive years. 二、今年发展主要预期目标 国内生产总值增长5%左右 GDP growth of around 5 percent; 城镇新增就业1200万人左右 around 12 million new urban jobs; 居民消费价格涨幅3%左右 CPI increase of around 3 percent; 粮食产量保持在1.3万亿斤以上 grain output of over 650 million metric …

每日一词∣绿色债券 green bonds
1 year, 9 months ago

每日一词∣绿色债券 green bonds

China Daily  

China Development Bank on Wednesday issued 15 billion yuan worth of green bonds to global investors to support the ecological protection of the Yangtze River. 3月1日，国家开发银行面向全球投资人成功发行150亿元“长江大保护及绿色发展”专题“债券通”绿色金融债券。 2022年4月10日拍摄的瞿塘峡景色（无人机照片）。（图片来源：新华社） 【知识点】 绿色债券指募集资金专门用于支持符合规定条件的绿色产业、绿色项目或绿色经济活动,依照法定程序发行并按约定还本付息的有价证券,包括但不限于绿色金融债券、绿色公司债券、绿色企业债券、绿色债务融资工具和绿色资产支持证券。我国绿色债券市场自2015年正式启动以来一直蓬勃发展，2017年、2018年均为发行量第二大国家，占比约为20%，仅次于美国。2021年4月份，中国人民银行、国家发展改革委、证监会联合印发《绿色债券支持项目目录（2021年版）》，科学准确地界定了绿色项目的范围，为我国绿色债券发展提供了稳定框架和灵活空间。2022年，绿色债券标准委员会发布《中国绿色债券原则》，标志着国内统一、国际接轨的中国绿色债券标准正式建立，对推动绿色债券市场高质量发展具有重要意义。 国家开发银行本次发行的债券所募集资金将主要优先用于长江沿江地带城市轨道交通项目、污水处理及管网项目、水生态治理项目、农村人居环境整治项目、河湖湿地保护修复项目等绿色项目。根据测算，相关项目建成后预计可实现年减排二氧化碳2.52万吨，节约标准煤1.2万吨。 【重要讲话】 完善支持绿色发展的财税、金融、投资、价格政策和标准体系，发展绿色低碳产业，健全资源环境要素市场化配置体系，加快节能降碳先进技术研发和推广应用，倡导绿色消费，推动形成绿色低碳的生产方式和生活方式。 Fiscal, taxation, financial, investment, and pricing policies and systems of standards will be improved to support green development. We will accelerate the R&D, promotion, and application of advanced …

中国经济表现在全球仍然突出
1 year, 10 months ago

中国经济表现在全球仍然突出

China Daily  

在三年抗击新冠肺炎疫情斗争中，中国在经济发展和疫情防控方面取得了突出成绩，其作为世界经济增长重要动力源的地位得到巩固。 In its three-year-long fight against COVID-19, China posted outstanding results in economic development and epidemic control, reinforcing its status as a leading engine for the global economy. 中国民生银行首席经济学家温彬表示，今年国内需求升温将推动中国经济好转，预计全年GDP增速约为5.5%。 Aside from the overall economic growth, China also made significant headway in maintaining consumer price stability, guaranteeing food and energy security, and improving people's livelihoods. 中国现已成为140多个国家和地区的主要贸易伙伴，2022年货物贸易进出口总值同比增长7.7%，连续六年位居世界第一。 Brighter outlook 更加光明的前景 Recently, multiple …

China's property sector support fails to lure bond investors
2 years ago

China's property sector support fails to lure bond investors

Hindustan Times  

The battered bonds of Chinese property developers are showing tentative signs of a rebound after Beijing's measures to support the cash-strapped sector, but long-term investors are keeping away until they see signs of a deeper recovery. High-yield dollar-denominated bonds of companies such as Powerlong Real Estate Holdings and Country Garden Holdings have rallied since late November, cheered by the Chinese …

四大行加大逆周期信贷投放力度 稳定经济增长
2 years, 3 months ago

四大行加大逆周期信贷投放力度 稳定经济增长

China Daily  

中国四大国有商业银行近日举行2022年中期业绩发布会。今年上半年，四大行通过加大信贷投放力度，主动进行逆周期调节，大力支持了实体经济的发展。 A bank employee answers queries on loan products at a factory in Haian, Jiangsu province, in April. XU JINGBAI/FOR CHINA DAILY China's four largest State-owned commercial banks－the Big Four－will step up countercyclical credit extension in the second half to help stabilize economic growth and continue to optimize their credit structures by allocating more financial resources to key fields and …

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