The level of air pollutants in Beijing’s air fell to a level deemed safe by China’s national standards in January, according to the city’s environmental protection bureau. This is the first time the Chinese capital’s air quality has achieved this monthly target. The average level of PM2.5—small particles that are hazardous to health—in Beijing’s air […]
Category: Brief
Chinese ride-hailing giant Didi Chuxing has signed partnership deals with 12 auto companies to provide marketing support for their car-sharing services and electric vehicles, the Financial Times reports. The deals are mainly with major Chinese auto makers such as Geely, Changan and BYD but also include foreign companies like Kia and the Renault-Nissan Alliance, which owns Mitsubishi. […]
China’s foreign exchange reserves rose for the 12th consecutive month in January, hitting the highest level since October 2016, Bloomberg reports. Figures released yesterday from the People’s Bank of China show that reserves grew US$21.5 billion in January to reach US$3.16 trillion. This has been partly attributed to the strengthening of the yuan last month, which stands at its […]
The Minister for Industry said in a statement on Wednesday that China intends to meet its target for reducing steel production capacity two years earlier than its target, Reuters reports. China, the world’s top steel producer, is continuing a several-year plan to reduce excess output in the industry by 150 million tonnes by 2020. This […]
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Jobless total set to soar
A think-tank under the Ministry of Labour and Social Security has forecast that China's unemployment could rise by 30 per cent a year over the next few years. An expert at the ministry's human resource research institute said that the unemployment rate – which only measures urban residents – could jump to 7 per cent […]