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TOPIC
- The NDRC said it would smooth the way to meet borrowers’ ‘reasonable needs’ in debt swaps, registering dollar bonds and remitting foreign currencies to pay their coupons and interests
- The NDRC also subjected the debtors to a tongue-lashing. Borrowers must ‘optimise their foreign debt structure,’ abide by ‘financial discipline and market regulations’ and ‘strictly use the funds raised in accordance with their stated purposes,’ the NDRC said
The National Development and Reform Commission has added cryptocurrency mining to a list of industries that China wants to abolish.
The National Development and Reform Commission has added cryptocurrency mining to a list of industries that China wants to abolish.
The central government’s moves to rein in sky-high raw material costs have raised questions about excessive price interference and market distortions.
The central government’s moves to rein in sky-high raw material costs have raised questions about excessive price interference and market distortions.
The powerful National Development and Reform Commission has told China’s metal industry it is cracking down on illegal activity, such as hoarding and speculation.
The powerful National Development and Reform Commission has told China’s metal industry it is cracking down on illegal activity, such as hoarding and speculation.
Beijing has ordered Chinese steelmakers to begin scaling back production capacity from June to avoid overcapacity and help the nation meet emissions reductions targets.
Beijing has ordered Chinese steelmakers to begin scaling back production capacity from June to avoid overcapacity and help the nation meet emissions reductions targets.
China ‘indefinitely suspended’ the China-Australia Strategic Economic Dialogue on Thursday amid ongoing tensions between Beijing and Canberra.
China ‘indefinitely suspended’ the China-Australia Strategic Economic Dialogue on Thursday amid ongoing tensions between Beijing and Canberra.
President Xi Jinping says Shanghai and the three neighbouring provinces of Jiangsu, Zhejiang and Anhui will be a model for the implementation of the new economic plan.
President Xi Jinping says Shanghai and the three neighbouring provinces of Jiangsu, Zhejiang and Anhui will be a model for the implementation of the new economic plan.
By the end of this year, non-degradable plastic bags will be banned in places such as supermarkets and shopping malls in major cities, as well as in the country’s ubiquitous food delivery services.
By the end of this year, non-degradable plastic bags will be banned in places such as supermarkets and shopping malls in major cities, as well as in the country’s ubiquitous food delivery services.
The programme, an extension of the 2014 edict by the State Council to accelerate the development of the sports industry, foresees more than 70,000 pitches available for public use by next year.
The programme, an extension of the 2014 edict by the State Council to accelerate the development of the sports industry, foresees more than 70,000 pitches available for public use by next year.
China quietly tightened national security reviews for foreign investments, but it is not clear what criteria it will use and whether international firms can appeal.
China quietly tightened national security reviews for foreign investments, but it is not clear what criteria it will use and whether international firms can appeal.
Liquidation plans for state-owned enterprises in regions including Hebei, Heilongjiang, Henan and Shaanxi underway, but fears this may add to anxieties over unemployment.
Liquidation plans for state-owned enterprises in regions including Hebei, Heilongjiang, Henan and Shaanxi underway, but fears this may add to anxieties over unemployment.
Premier Li Keqiang today signaled that China will push ahead with key fiscal reforms that should eventually allow the country to cut its dependence on the fixed asset investment that currently drives economic growth.
Premier Li Keqiang today signaled that China will push ahead with key fiscal reforms that should eventually allow the country to cut its dependence on the fixed asset investment that currently drives economic growth.
Analysts expect the latest correction in iron ore prices to continue after prices had almost doubled from September last year, which the mainland's top industry policymaker said was partly driven by sellers withholding stock and an "unreasonable" pricing system.
Analysts expect the latest correction in iron ore prices to continue after prices had almost doubled from September last year, which the mainland's top industry policymaker said was partly driven by sellers withholding stock and an "unreasonable" pricing system.