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PBOC Conducts RMB 385.7 Billion 7-Day Reverse Repo Operations on August 13

According to the PBOC website, to maintain reasonably ample liquidity in the banking system, the People's Bank of China conducted RMB 385.7 billion of reverse repo operations on August 13, 2024, through fixed-rate, quantity-based tenders.

2024-08-13
Multiple Local Governments Cancel "Price Caps" on New Homes, Property Market Pricing Gradually Market-Oriented

According to statistics from the China Index Academy, since the beginning of this year, cities such as Shenyang, Lanzhou, Zhengzhou, and Ningde have explicitly ceased implementing sales price guidance for newly built commercial housing, effectively canceling sales price caps. Cities including Yangjiang, Zhuhai, and Wuhu have also optimized their price-cap policies, for example by shortening the interval for adjusting recorded prices and removing floor price-differential restrictions.

2024-08-13
Annual Water Volume Scheduling Completed, Yellow River Achieves 25 Consecutive Years Without Flow Interruption

In the 2023-2024 annual period, the Ministry of Water Resources fully implemented the Yellow River Protection Law and the Regulations on Yellow River Water Volume Scheduling, earnestly practiced the "Four Waters and Four Determinations" principle, adopted multiple measures and precise policies, and continuously strengthened unified scheduling of Yellow River water volume. Overcoming unfavorable conditions such as below-normal runoff, it successfully completed all scheduling targets, strongly supporting ecological protection and high-quality development in the Yellow River Basin. The Ministry of Water Resources approved and issued on schedule the Allocation of Available Water Consumption of the Yellow River from July 2023 to June 2024 and the Non-Flood Season Water Volume Scheduling Plan, prepared monthly and ten-day water volume scheduling schemes on a rolling basis, scientifically dispatched key reservoirs such as Xiaolangdi, achieved multi-objective coordinated scheduling, and promptly announced

2024-08-13
"Super Chassis" Boosts Enterprise Development, "Flying" into the New Track of Low-Altitude Economy

Currently, many places are pooling efforts to develop the low-altitude economy. In Jianhu County, Yancheng, Jiangsu, many enterprises are also proactively innovating and seeking change, integrating into the low-altitude economy industrial chain to promote industry development.

2024-08-12
How to Plan for the "15th Five-Year Plan"?

The Political Bureau of the CPC Central Committee, at its meeting on July 30, emphasized the need to conduct preliminary research and planning for the "15th Five-Year Plan." Since last December, the National Development and Reform Commission has launched preliminary research on the "15th Five-Year Plan." This spring, relevant ministries and commissions as well as provinces, autonomous regions, and municipalities have successively released research topics for the "15th Five-Year Plan," soliciting project undertakers from society, with most completion deadlines set before the end of this year.

2024-08-12
World's Largest Single-Capacity Floating Offshore Wind Platform Departs Guangzhou by Towing

The "Mingyang Tiancheng," the world's largest single-capacity floating offshore wind platform, departed as a complete unit from the dock basin of the Longxue shipyard of CSSC Huangpu Wenchong Shipbuilding Co., Ltd. in Guangzhou on the 11th under escort by local maritime authorities, and was safely towed to the waters of the Pearl River Estuary. It will subsequently proceed to the Yangjiang Qingzhou IV offshore wind farm for installation.

2024-08-12
China Completes and Delivers Its Largest Internationally Built Offshore Oil and Gas Platform

On August 12, the Mazan oil and gas gathering and transportation platform, the heaviest international offshore oil and gas platform ever built by China, was completed and delivered in Qingdao, Shandong Province. Its completion marks a breakthrough in China's construction technology for large offshore oil and gas equipment.

2024-08-12
National Development and Reform Commission: Better Meet the Public's Demand for Quality, Affordable Services at Their "Doorsteps" and "Downstairs"

The State Council Information Office held a press conference on August 9 to brief on the Opinions on Promoting High-Quality Development of Service Consumption and to answer questions from journalists.

2024-08-12
China's NEV Production and Sales Both Up Over 20% in July

Data released by the China Association of Automobile Manufacturers on the 9th shows that China's new energy vehicle (NEV) production and sales maintained rapid growth in July, reaching 984,000 and 991,000 units respectively, up 22.3% and 27% year on year. NEV sales accounted for 43.8% of total new vehicle sales.

2024-08-12
Behind These Iconic Moments at the Paris Olympics Is 'Made in China'

From 80% of the Olympic mascot 'Phryge' to 1 million official Olympic silicone wristbands; from judo mats embedded with 'smart chips' to table tennis tables equipped with color lighting systems... As the Paris Olympics rage on, 'Made in China' products are too numerous to count both on and off the field, and many of them come from the small city of Leling in Shandong Province.

2024-08-12
Accelerating the Building of a Financial Powerhouse to Help Advance Chinese Modernization

Finance is the lifeblood of the national economy and bears on the overall situation of Chinese modernization. General Secretary Xi Jinping pointed out that "looking back on the development of China's financial sector since reform and opening up, resolving the difficulties that affect and constrain the development of the financial sector requires deepening reform." The "Decision" of the Third Plenary Session of the 20th CPC Central Committee made major arrangements for deepening the reform of the financial system. In order to thoroughly study and understand the spirit of the Third Plenary Session of the 20th CPC Central Committee, our reporter interviewed Wang Jiang, Executive Deputy Director of the Central Financial Commission Office and Executive Deputy Secretary of the Central Financial Work Commission.

2024-08-09
Continuously Deepening National Defense and Military Reform

The Resolution of the Central Committee of the Communist Party of China on Further Comprehensively Deepening Reform and Advancing Chinese Modernization, adopted at the Third Plenary Session of the 20th Central Committee of the Communist Party of China, incorporates the continuous deepening of national defense and military reform into the overall plan for further comprehensively deepening reform. This fully reflects the great importance the Party Central Committee with Comrade Xi Jinping at its core attaches to national defense and military development, and demonstrates its resolve, will, and far-sighted considerations in accelerating national defense and military modernization through reform and innovation. We must thoroughly study and implement the decisions and arrangements of the Party Central Committee and Chairman Xi, take Xi Jinping Thought on Strengthening the Military as our guide, thoroughly implement the strategy of strengthening the military through reform, promote high-quality development of national defense and military development, and strive to achieve the centenary goal of the People's Liberation Army.

2024-08-09

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