20220131 China News
Source: | Author:eacham | Published time: 2022-01-31 | 853 Views | Share:

01

As the Feb 1 Lunar New Year draws near, one tradition for the Chinese people is to purchase nianhuo, the special goods consumers buy to celebrate the festive occasion. Given the steady upgrades in consumption this year, consumers increasingly have healthier and higher-end choices.

 

02

China aims to initially build a unified electricity market system by 2025 to enable optimized power resource allocation in a wider scope and improve the stability and flexibility of the power system, according to guidelines released Friday.

 

03

Chinese financial regulators published new rules on overseas lending by domestic banks to facilitate the use of renminbi in such business and fend off risks in cross-border capital use on Saturday. A unified policy framework that covers overseas loans in both renminbi and foreign currencies will be established, according to the document jointly released by the People's Bank of China and the State Administration of Foreign Exchange.

 

04

China will definitely maintain its charm as a favorite investment destination for multinationals, thanks to the country's continuous drive of opening-up, global business leaders and economists said on Saturday. Given that China is further expanding market access and pursuing high-quality growth, the country will bring more exciting business opportunities to global companies, and the only question left will be how to seize these golden chances, they said.

 

05

The total number of China-Europe freight train trips has exceeded 50,000 as a cargo train left the southwestern city of Chengdu on Saturday, according to China State Railway Group Co Ltd. The value of goods transported by the cargo service skyrocketed from $8 billion in 2016 to $74.9 billion in 2021, an increase of more than 9 times, said the company.

 

06

East China's Zhejiang Province reported 22 confirmed local COVID-19 cases from Friday to 2 pm Saturday, all in the provincial capital Hangzhou, authorities told a press briefing on Saturday. Since the lastest resurgence of COVID-19, the province has registered a total of 44 confirmed local cases, all in Hangzhou.

 

07

The COVID-19 pandemic has transformed how people celebrate the most important festival in China. Once described as "the earth's largest population migration", the Spring Festival vacation has a new normal－uncovering local excitement as people stay put rather than undertaking long journeys for traditional family reunions.






Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham


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