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BEIJING - President Xi Jinping has underlined the need to combine top-level design and public opinions in compiling the 14th Five-Year Plan.
BEIJING - The outstanding aggregate financing to the real economy (AFRE) reached 280.07 trillion yuan (.54 trillion) at the end of September, up 13.5 percent year-on-year, according to the People's Bank of China. Specifically, outstanding RMB loans to the real economy hit 168.26 trillion yuan, up 13.2 percent year-on-year and outstanding foreign currency-denominated loans to the real economy (RMB equivalent) were 2.35 trillion yuan, up 7.7 percent year-on-year. Outstanding entrusted loans registered 11.13 trillion yuan, down 5.1 percent year-on-year, and outstanding trust loans were 7.03 trillion yuan, down 8.5 percent year-on-year. Outstanding undiscounted bankers' acceptances recorded 3.9 trillion yuan, up 18.7 percent year-on-year. Outstanding corporate bonds registered 27.39 trillion yuan, up 20.6 percent year-on-year and outstanding government bonds reached 44.46 trillion yuan, increasing 20.2 percent year-on-year. Outstanding domestic equity of non-financial firms amounted to 7.97 trillion yuan, increasing 10 percent year-on-year. By structure, outstanding RMB loans to the real economy accounted for 60.1 percent of the total AFRE at the end of September, decreasing 0.1 percentage points year-on-year.
BEIJING -- As China's first National Day holiday since the outbreak of COVID-19 epidemic witnessed a heightened public willingness to travel, the potential of domestic demand continued to be unleashed, serving as an important force for sustaining the economic recovery.
BEIJING -- China continues to expect rain in the south, while a cold front will sweep across most parts of the country starting Tuesday, the national observatory said Sunday.
BEIJING - The Belt and Road Initiative is spurring myriad business activities and trade in Northwest China's Shaanxi province. The province's role in the Initiative is also growing.