Xinhua
23 May 2020, 09:29 GMT+10
BEIJING, May 23 (Xinhua) -- Here are the highlights of China's business news from the past week:
-- FISCAL REVENUE
China's fiscal revenue fell by 14.5 percent year on year in the January-April period, extending the previous month's decline as the country continued to contain the COVID-19 epidemic while increasing tax relief to mitigate its impact on the economy.
The pace of decline quickened from a fall of 14.3 percent in the first quarter of the year and a 9.9 percent decrease in the first two months.
The country's fiscal revenue in the first four months of the year amounted to 6.21 trillion yuan (about 875.11 billion U.S. dollars), according to data released by the Ministry of Finance Monday.
-- HOME PRICES
China continued to see a generally stable housing market in April, with home prices in 70 major cities showing milder month-on-month increases, official data showed on Monday.
New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- showed month-on-month growth of 0.2 percent in April, unchanged from a month earlier, according to data from the National Bureau of Statistics.
The country's second-tier cities saw a month-on-month increase of 0.5 percent in new home prices, up 0.2 percentage points from the previous month, while third-tier cities witnessed a month-on-month rise of 0.6 percent in new home prices, compared with a 0.2-percent increase reported in March.
-- FOREX SETTLEMENT
China's commercial banks saw a net forex settlement surplus of 104.7 billion yuan in April, the country's forex regulator said on Friday.
Forex purchases by banks stood at 1.11 trillion yuan in April, while sales reached 1 trillion yuan, data from the State Administration of Foreign Exchange showed.
In particular, the amount of forex settlement and sales by banks for customers stood at 974.4 billion yuan and 889.5 billion yuan respectively, with a settlement surplus of 84.9 billion yuan.
The amount of foreign exchange settlement and sales for banks themselves stood at 137.1 billion yuan and 117.3 billion yuan respectively, with a settlement surplus of 19.8 billion yuan.
Get a daily dose of Breaking Property News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.
More InformationLONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
Federal officials, then-Governor of Indiana Eric Holcomb, union leaders, company representatives, and dozens of guests assembled at...
Mumbai (Maharashtra) [India], June 30 (ANI): The top 7 cities recorded around 1,89,570 units sold between January and June 2025 --...
SEOUL, June 30 (Xinhua) -- South Korea's industrial output fell for the second successive month due to negative effects of U.S. tariffs...
SEOUL, June 26 (Xinhua) -- South Korea's real wage, adjusted for inflation, rose for the second successive month in April, labor ministry...
SEOUL, June 26 (Xinhua) -- Sentiment among South Korean businesses over economic conditions worsened in four months due to geopolitical...
LOS ANGELES (AP) - The latest sign of trouble in the U.S. housing market: A pickup in home purchase agreements falling through before...