Business
China has reiterated that it would not allow banking and insurance institutions to clandestinely divert funds to bourses and the real estate sector amid renewed efforts to curb financial risks and stock market volatility, and home price spurts.
The municipal government of Shanghai has rolled out a series of policy measures this year to stabilize foreign capital, and help businesses engaged in foreign trade cope with economic uncertainties.
China's summer grain output reached a historic high of 142.8 million metric tons this year despite the ongoing global COVID-19 pandemic, the National Bureau of Statistics revealed on Wednesday.
STOCK INDICES
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

 

China is eyeing "new infrastructure" projects to offset the economic impact of the novel coronavirus disease (COVID-19) and boost sustainable growth.
Online orders for non-epidemic prevention products have been on the rise in China as novel coronavirus epidemic levels off.
The coronavirus outbreak is unlikely to shatter China's role in the international supply chain in an increasingly interconnected world economy as the country continues to make headway in containing the virus.
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