Financial institutions should optimize their products and services to help trade companies better hedge against foreign exchange risks and facilitate the use of the renminbi in cross-border settlements, China's three government departments said in a joint notice.
China reported a surplus in its international goods trade in April, data from the State Administration of Foreign Exchange showed on Friday.
Despite weakening economic activity in April amid COVID-19 outbreaks, China is likely to see a gradual recovery in industrial production in the following months with better control of the pandemic and stronger macroeconomic policy support.
Shanghai Composite 2789.25 3.40% 16/03
Shenzhen Composite 10253.28 5.34% 16/03
Hang Seng 23063.57 4.03% 16/03
Nikkei Average 17002.04 2.46% 16/03
Dow Jones 20188.52 12.93% 16/03
Nasdaq 6,904.59 12.32% 16/03


As the world economy struggles with a lingering pandemic and increasing headwinds, China is expected to continue to act as a stabilizer for the global economy with its sound long-term fundamentals.
Two years into his overseas assignment to expand the hydrogen energy business in China, Oh Seung-chan, from the Republic of Korea (ROK), is pleased that his work and life have gone smoothly.
China's new economic development pattern of "dual circulation" is set to get a vital boost as authorities detailed an ambitious plan on how to build a national unified market to enable a more efficient and smooth flow of labor and goods across the country.
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