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In the past month, the top 100 developers reported total property sales of 750.8 billion yuan ($117.9 billion), down 3.4% from October, a report released by consultancy China Real Estate Information Corp. The sales of the top 100 property developers plunged 37.6% year-on-year by value, marking the fifth successive month of decline. Property sales in China fall for fifth straight monthĬhina’s real estate market continued to flounder in November. The CSRC and domestic regulators have always been open to Chinese companies choosing overseas listing locations and fully respect their choice when it is in accordance with laws and regulations, the spokesperson said. The spokesperson of the China Securities Regulatory Commission (CSRC) did not elaborate on the progress or the issues. Regulators regarding some key issues on cross-border cooperation on audits of U.S.-traded Chinese companies, according to a spokesperson’s statement (link in Chinese) Sunday. On talks over company auditsĬhina’s top securities watchdog said progress has been made with U.S. The central bank said in the statement announcing the cut that it will maintain a stable monetary policy, keep liquidity reasonably ample, coordinate macroeconomic policy between this year and the next, and support small and midsize companies, green development, and scientific and technological innovation.Ĭhina’s securities watchdog says it’s making progress with U.S. The weighted average RRR of financial institutions will fall to 8.4%, according to the PBOC (link in Chinese). The People’s Bank of China (PBOC) said Monday it will lower financial institutions’ reserve requirement ratio (RRR) by 50 basis points, or half a percentage point, on Dec.
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PBOC to free up $188 billion for lending to businesses with new reserve requirement cutĬhina’s central bank will cut the amount of cash lenders need to keep in reserve, injecting about 1.2 trillion yuan ($188 billion) into the financial system to support the real economy and stabilize companies’ financing costs. The PBOC says it will lower financial institutions’ reserve requirement ratio by 50 basis points Dec. Three Chinese firms begin producing Russian vaccine to boost global supply There are three main concerns about omicron: Is it more contagious and pathogenic than delta? Will it replace delta as the dominant strain? Will existing vaccines and drugs become ineffective? Concerns over the newest coronavirus variant have triggered global panic, sending stock markets and oil prices plunging, forcing countries to close borders and restrict travel again, putting existing vaccines and drugs to the test, and posing new challenges for both the zero-tolerance and coexistence pandemic strategies.
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9 in South Africa, the virus has spread to at least 23 countries across four continents. Less than four weeks after the omicron variant was found Nov. Cover Story: The dangling sword of omicronĪs the world still struggles to contain the fast-moving delta version of the Covid-19 virus, a new, even more easily-spreading variant is disrupting efforts to return to normal.
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