Economy The Central Bank of China lowered the yuan to the dollar to a new low from June 30, 2020
The People's Bank of China (central Bank) on Tuesday lowered the renminbi (the official name of the national currency) by 424 points, to 7.0722 per dollar.  China's non-financial investments abroad increased by 5.8% in January-August%
China's direct non-financial investments abroad in January-August amounted to $75 billion, an increase of 5.8% year-on-year.  Russia and China are working on 79 investment projects worth over $160 billion
The trade representative of the Russian Federation in China, Alexey Dakhnovsky, said that the largest investment projects fall on the spheres of agriculture, mining and processing of minerals, infrastructure construction and industry.  Mutual trade turnover between Russia and China may approach $170 billion
Also, at the same time, major projects are being implemented, said Maxim Reshetnikov, Minister of Economic Development of the Russian Federation.  The convention against tax evasion has entered into force in China
This document is part of the international tax reform of the Group of Twenty.  China has developed a nanomaterial to neutralize SARS-CoV-2
The relevant studies were carried out jointly by specialists from the Shenzhen Institute of Advanced Technologies at the Chinese Academy of Sciences, the National Center for Nanoscience and Technology, the Institute of High Energy Physics and the Kunming Institute of Zoology.  China Eastern Airlines suffered losses of $2.7 billion in January-June 2022
China's second largest airline, China Eastern Airlines, suffered losses of 18.73 billion yuan ($2.7 billion) in the first half of this year, which is 259.75% more than in the same period of 2021.  China in 2022 increased the supply of means of transport to the Russian Federation by 150% across the land border
In January-July, China increased by about 150% year-on-year the supply of new vehicles (TS) to Russia through the Kraskino-Hunchun border checkpoint.  China has resumed production of type 052D destroyers
China has resumed mass production of Type 052D missile destroyers.  China has purchased more energy resources of the Russian Federation in five months than in 2021
According to the agency, from March to July 2022, China purchased oil, gas and coal from Russia in the aggregate amount of $35 billion. |
Materials of NIA "Federation" Information Agency were used, certificate IA No. FS77-54328 of 29 May 2013, issued by the Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (ROSKOMNADZOR)
