Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. [Photo/Agencies] China has strived to optimize the allocation of its financial resources over the past four months so as to better support critical national strategic tasks and guarantee people’s basic livelihoods, data from the Ministry of Finance showed on … Continue reading China optimizes financial resources to benefit the people’s livelihoods
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Investments forecast to hit profits at Toyota
Toyota showcases its electric car at the second China International Import Expo in November. [Photo by Li Fusheng/China Daily] Toyota Motor forecast a 20 percent profit decline in the current financial year on Wednesday, citing looming investment in both its suppliers and strategy after it delivered blockbuster fourth-quarter earnings. Despite the leaner forecast, the results … Continue reading Investments forecast to hit profits at Toyota
Govt policies to aid banking sector, BOC says
A view of the booth of Bank of China during an expo in Fuzhou, Fujian province. CHEN BIN/FOR CHINA DAILY The central government’s supportive policies are expected to gradually improve business sentiment, boosting domestic demand and laying a solid foundation for the steady development of the banking industry, Bank of China said. The bank’s operating income … Continue reading Govt policies to aid banking sector, BOC says