![]() Although the December reading was not as high as those recorded in the previous two months, the figure was still among the highest over the past decade. The index, better known as the Caixin China services PMI, has been in expansionary territory with readings greater than 50 for eight straight months. The Caixin China General Services Business Activity Index, which gives an independent snapshot of operating conditions in the sector, fell to 56.3 in December from 57.8 the previous month. The new indicators replace the categories of profitability, business growth, asset quality and solvency, the ministry said.Ĭaixin PMI shows China’s services expansion takes a breatherĬhina’s services sector expanded in December at the slowest pace in three months as growth in total new business and new export orders softened, a Caixin-sponsored survey showed Wednesday. Lenders will now be evaluated using four broad criteria: serving national development goals and the real economy, achieving high-quality development, controlling and preventing risks, and improving operational efficiency, according to the document Measures for the Performance Evaluation of Commercial Banks released (link in Chinese) Monday by the Ministry of Finance. The proposal is in line with a master plan announced in June 2020 for transforming the entire province, about twice as big as the San Francisco Bay Area, into a globally influential free trade port.Ĭhina moves performance goal posts for banksĬhina’s state-owned commercial banks face new performance benchmarks as the government encourages them to support the economic and development policies set by leadership of the ruling Communist Party. The draft legislation, which has been reviewed by the National People’s Congress, is open for public comment until Jan. The measure will make the southern island province China’s largest free trade area. NYSE Mulls Going Back to Original Plan to Delist Chinese Telecom SharesĬhina writes Hainan free trade port plan into lawĬhina drafted a law formalizing the free trade port status of Hainan following a pilot program testing a unique national policy of zero tariffs, low tax rates and a simplified tax system. Before the new guidelines were issued, the New York Stock Exchange said Wednesday morning it would proceed with a plan to delist the companies, its second about-face this week. The Treasury guidance is meant to address confusion created by the NYSE’s moves, according to a person familiar with the matter. The Treasury’s Office of Foreign Assets Control (OFAC) issued guidance Wednesday on its website naming China Mobile Ltd., China Telecom Corp. investment in companies tied to China’s military, explicitly naming three telecommunications enterprises that exchanges and indexes must delist by the end of the year. Treasury issued fresh instructions to markets to cut off U.S. Treasury Insists That NYSE Delist 3 Chinese Telecoms "It’s like a gangster who steals while clamoring to protect itself from theft.” “While doing indiscriminate surveillance and stealing secrets, it baselessly accuses other countries." Hua said. monitors its own people everywhere and people from all over the world and steals data, including from its allies,” Hua alleged, according to comments reported by state television service CCTV. “With its technical capabilities, the U.S. Ltd.’s Alipay and Tencent’s WeChat Pay.įoreign Ministry spokesperson Hua Chunying labeled the order “corporate bullying” and “hegemonic” in comments during a regular press conference Wednesday and said it was “hypocritical” to cite national security grounds for the ban. ![]() President Donald Trump that will ban eight Chinese payment platforms, including Ant Group Co. China slams Trump order banning Alipay, WeChat PayĬhina’s foreign ministry blasted an executive order issued by outgoing U.S. ![]()
0 Comments
Leave a Reply. |