U.S. President Biden signed the Fiscal Responsibility Act on June 2, 2023, officially ending the debt crisis – for now. The act agrees to restrict spending on civilian duties in exchange for a suspens
Tag: net
New Development Bank issues 8.5-bln-yuan bond on China Interbank Bond Market
SHANGHAI, May 29 (Xinhua) — The New Development Bank (NDB) has issued an RMB-denominated bond of 8.5 billion yuan (about 1.2 billion U.S. dollars) on the China Interbank Bond Market, the bank announc
China\’s recovery drives Asian economy
MA XUEJING/CHINA DAILY
The stress in the global banking system is leading some to draw parallels with the last banking crisis. There are, of course, clear differences around the nature of the banking
Village in E China\’s Jiangsu intensifies Party-building efforts to advance rural revitalization
With six Communist Party of China (CPC) branches, Jiangxiang village in east China\’s Jiangsu Province is becoming a model for rural revitalization through Party building.Photo shows villas for village
Chinese banking sector\’s net external assets at 166.5 bln USD
BEIJING, March 30 (Xinhua) — China\’s banking sector had 1.5186 trillion U.S. dollars of external financial assets and 1.3522 trillion dollars of external liabilities at the end of 2022, resulting in
Chinese dairy giant Mengniu sees net profit rise 11.6 pct in 2022
HOHHOT, March 30 (Xinhua) — Chinese dairy giant Inner Mongolia Mengniu Dairy (Group) Co., Ltd. said that its net profit reached 5.4 billion yuan (about 783.9 million U.S. dollars) in 2022, marking an
China\’s PICC reports rise revenue, net profit in 2022
BEIJING, March 28 (Xinhua) — The People\’s Insurance Company Group of China (PICC), China\’s leading insurer, registered an increase in revenue and net profit in 2022.The business revenue of the insure
China Mobile net profit up 8 pct in 2022
BEIJING, March 23 (Xinhua) — China Mobile, one of the country\’s leading telecommunication operators, reported net profit growth of 8 percent year on year in 2022.The company\’s net profit was 125.46 b
Fishermen mark 2023 first fish harvest in Zhejiang
Fishermen draw a huge net, marking the harvest of the year on Qiandao Lake in Hangzhou, east China\’s Zhejiang Province, March 8, 2023. (Photo: China News Service/Wang Jiancai)More than 20 fishermen ha
New proposals at two sessions seek to safeguard China’s online literature
Shielding creativityOne of the main forces of Chinese culture going global, online literature now faces some problems thanks to its rapidly growing market share. However, the situation may change. Dur