Archive for ‘stable’

11/03/2020

China unveils new measures to keep foreign trade, investment stable

BEIJING, March 11 (Xinhua) — China will take new measures to keep the foreign trade and investment stable, and help the enterprises tide over difficulties to mitigate the impact of the coronavirus outbreak.

Further steps will be taken to smooth the industrial and capital chain, and promote work and production resumption in coordination, according to a State Council executive meeting chaired by Premier Li Keqiang Tuesday.

Li urged continued efforts to give better play to the role of reloan and rediscount to ensure supply of materials for epidemic prevention and control and support firms in difficulty.

Source: Xinhua

23/02/2020

Daily necessity supplies stable in Hubei, rest of China: official

BEIJING, Feb. 22 (Xinhua) — Supply of daily necessities has been stable in China, including the epidemic-hit Hubei Province, despite the ongoing novel coronavirus outbreak that heavily impacted daily life and factory activities, an official with the Ministry of Commerce said Saturday.

With more Chinese returning to work, more than 95 percent of the chain supermarkets and about 90 percent of the large fast-food chains have opened to customers, Wang Bin with the commerce ministry told a press conference.

Meanwhile, around 80 percent of the chain convenience stores and 80 percent of the large wholesale farm produce markets nationwide have resumed operation, along with many farmers’ markets and grocery stores.

In China’s 50 key wholesale farm produce markets, vegetable transaction volume on Friday jumped 26.4 percent from the beginning of the month, he said.

In contrast, other retailers are getting back to service at a slower pace. For instance, only 50 percent of the department stores and shopping malls have so far opened for business, according to Wang.

For Hubei, especially the provincial capital Wuhan where the epidemic first broke out with the largest number of infections, Wang said while the epidemic did cause some difficulties, the local market is generally stable with stocks of grain, meat and vegetables on the rise.

Local authorities in Wuhan have ordered online purchase, group buying and direct delivery services to provide daily necessities to residents kept indoors by the epidemic.

Up to 80 percent of communities in the city’s central districts are covered by group buying services from shops and supermarkets, he said.

To ensure food price stability in the epidemic-hit Hubei, Wang said the commerce ministry has ordered 150 key food producers, including state-owned food group COFCO and major pork producer Shuanghui, to provide over 600,000 tonnes of food to the region.

For the next stage, Wang said the authorities will work on product circulation, farm product sales and further resumption of wholesale markets to both help farmers sell their produce while ensuring daily supplies for residents amid the epidemic.

Source: Xinhua

10/09/2019

China Focus: Premier Li’s Russia visit to boost bilateral ties

BEIJING, Sept. 9 (Xinhua) — Chinese Premier Li Keqiang’s upcoming visit to Russia will open up broader space for pragmatic cooperation between the two countries in the new era and boost bilateral ties, a Chinese Foreign Ministry official said Monday.

At the invitation of Russian Prime Minister Dmitry Medvedev, Li will pay an official visit to Russia from Sept. 16 to 18 and co-chair the 24th regular meeting between Chinese and Russian heads of government with Medvedev, Vice Foreign Minister Le Yucheng said at a press briefing.

The visit comes as the two countries are embracing the 70th anniversary of the establishment of diplomatic ties and ushering in a new era in their relations.

Noting that the China-Russia relationship has become more mature, stable and tenacious over the past 70 years, Le said it is now a major-country relationship featuring the highest degree of mutual trust, coordination and strategic value.

“China and Russia enjoy solid political mutual trust and firmly support each other on issues concerning core interests and major concerns, while their all-round mutually beneficial cooperation has continued to expand and their interests have been more closely interconnected,” Le said, adding that the bilateral trade volume exceeded 100 billion U.S. dollars for the first time last year.

According to Le, the two countries also have close and effective communication and coordination in international affairs.

The upcoming meeting between the two countries’ heads of government will focus on two major objectives, Le said. The first is to promote the implementation of the major consensus reached by the two countries’ heads of state, deepen the integration of interests and consolidate the material basis of bilateral relations.

The second is to contribute the two countries’ wisdom to and voice their support for safeguarding multilateralism, open economy, and the liberalization and facilitation of trade and investment, Le said.

During the visit, Li will hold talks with Medvedev in St. Petersburg and sign a joint communique of the 24th regular meeting between Chinese and Russian heads of government. Li will also meet with Putin in Moscow

Source: Xinhua

Law of Unintended Consequences

continuously updated blog about China & India

ChiaHou's Book Reviews

continuously updated blog about China & India

What's wrong with the world; and its economy

continuously updated blog about China & India