trillion

State Administration of Foreign Exchange: China’s foreign exchange market totaled 24.67 trillion yuan in transactions in January

Among them, the bank-to-customer market turnover was 3.76 trillion yuan (equivalent to 0.53 trillion U.S. dollars), the inter-bank market turnover was 20.91 trillion yuan (equivalent to 2.94 trillion U.S. dollars); the cumulative spot market turnover was 8.33 trillion yuan (equivalent to 2.94 trillion U.S. dollars). Equivalent to US$1.17 trillion), and…...

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State-owned Assets Supervision and Administration Commission: Central SOEs will achieve operating income of 39.8 trillion yuan in 2023

In terms of investment research, in 2023, central enterprises will complete fixed asset investment (including real estate) of 5.09 trillion yuan, a year-on-year increase of 11.4%, of which strategic emerging industries will complete investment of 2.18 trillion yuan, a year-on-year increase of 32.1%; R&D funding investment 1.1 trillion yuan, exceeding…...

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State-owned Assets Supervision and Administration Commission: R&D investment by central enterprises has exceeded RMB 1 trillion for two consecutive years, and innovation efficiency has been further improved.

The dominant position in scientific and technological innovation has been strengthened. Organize central enterprises to undertake a number of major national scientific and technological tasks and major scientific and technological innovation projects, deeply participate in the construction of the national laboratory system, complete the reorganization of national key laboratories in…...

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All 1 trillion yuan additional government bond issuance projects in 2023 have been released

The National Development and Reform Commission stated that in the next step, in accordance with the decisions and arrangements of the Party Central Committee and the State Council, it will work with relevant departments to urge the acceleration of project construction, speed up the allocation and use of funds, speed…...

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The RRR cut of 0.5 percentage points is implemented to provide the market with long-term liquidity of 1 trillion yuan.

Many industry insiders said that the People’s Bank of China lowered the reserve requirement ratio at this time, which shows the current monetary policy’s efforts to promote inclusive finance and its pursuit of a precise and effective tone. It also releases four signals: first, the signal of loosening monetary policy;…...

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Suzhou focuses on four major industrial innovation clusters and aims to have a total output value exceeding 4 trillion by 2025.

Not content with being a “big manufacturing city”, Suzhou is building an internationally competitive manufacturing city. It recently issued the “Action Plan to Accelerate the Construction of a Strong Manufacturing City”, focusing on innovation in the four major industries of electronic information, equipment manufacturing, biomedicine, and advanced materials. Clusters and…...

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