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19.09.2024
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Economy

Russians are buying Chinese smartphones

Chinese mobile phones have become very popular among residents of Russia.

The new overland container service will connect China and Russia

"Russian Railways business Asset" has opened a new overland container service from China to Russia.

China begins work on abandoning the US dollar

The Chinese authorities are systematically working to replace the dollar with national currencies.

China will allocate $475.4 billion for the social sphere

China has allocated 3 billion yuan from the central government's budget to strengthen weak links in the field of social security and ensuring people's well-being.

China and Russia may increase trade volumes by 15%

The growth of trade volume between Russia and China may amount to 10-15% by the end of 2022.

The Central Bank of China strengthened the yuan against the dollar to the highest since April 2018

The People's Bank of China (central Bank) on Monday strengthened the renminbi (the official name of the Chinese currency) by 124 basis points, to 6.3222 yuan per dollar.

The inflow of foreign direct investment to China increased by 11.6% in January

In January 2022, the volume of actually used foreign direct investment in mainland China increased by 11.6% year-on-year and amounted to 102.28 billion yuan, the Ministry of Commerce of the People's Republic of China reported on Tuesday.

Semiconductor manufacturer UMC has stopped the operation of the enterprise in China

One of the world's largest semiconductor manufacturers, United Microelectronics Corporation (UMC), suspended the operation of its enterprise in Suzhou (eastern Jiangsu Province) due to suspected coronavirus infection in one of its employees.

Chinese car sales more than doubled in January

In the first month of 2022, 9533 new cars of Chinese brands were sold in Russia. According to experts of the analytical agency "AUTOSTAT", this is 107% more than in January 2021.

The volume of customs tax revenues of the People's Republic of China in 2021 increased by 17.7%

By the end of 2021, the volume of China's customs tax revenues amounted to 2.01 trillion yuan, an increase of 17.7% year-on-year.