China's Guangdong takes lead in new reforms
As China pushes for deeper comprehensive reforms, with over 300 measures unveiled at the third plenary session of the 20th Communist Party of China Central Committee, Guangdong once again leads the charge. It continues to pioneer efforts that reinforce its position as a beacon of innovation, opening up and creativity.
Macro
China's commitment to wider opening up set to boost global economic growth
China, a major contributor to global economic growth, has reiterated its commitment to opening up during a key policy meeting, a move expected to provide much-needed certainty and opportunities to a world that has been mired in sluggish growth for years.
In-depth
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Economic Watch: China's SOEs destock housing inventory, boost market vitality
State-owned enterprises in various regions across China have been purchasing existing housing inventory for trade-in deals recently, with some old homes incorporated into the affordable rental housing plan and tenants already moved in.
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Economic Watch: Science Island epitomizes opening up of China's science and technology
Surrounded by a huge reservoir and dense vegetation, an islet in Hefei, capital of east China's Anhui Province, looks tranquil. Yet it is devoted to something very big, namely nuclear fusion research with the future of humanity in mind.
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Financials
China's central bank adds liquidity via reverse repos, MLF
China's central bank injected liquidity into the banking system through reverse repos and medium-term lending facility on Friday.
China reports robust growth in overseas investment in H1
China reported steady growth in overseas investment in H1 of 2024, official data showed Thursday, indicating the country's broadened engagement in cooperation on the global market.
