Americans have no money to pay for light. Which utilities are under attack?
The energy crisis in the U.S. is growing, already affecting one in six households. 20 million families across the country simply can't pay their bills.How much are utilities in the...
Depositors are storming Chinese banks. No money back?
Chinese investors come out to mass protests. For example, on July 10, thousands of people came to the branch of the People's Bank of China in Zhenzhou, since their deposits in 4 banks...
Shanghai removes a number of restrictions: retailers' shares have risen in price
Shanghai is the industrial center of China with the world's largest deep-water port in terms of cargo turnover. The closure of the city for a lockdown hit the retail trade hard, so...
The Central Bank of China reduces the reserve rates for banks
The People's Bank of China on Friday decided to reduce the reserve requirements for banks by 0.5 basis points to ensure sufficient liquidity in the financial system, according to the...
China's GDP increased by 18.3% in the first quarter
Data released on Monday by China's statistics office shows that the country's economy continues to recover from the crisis caused by the coronavirus pandemic. According to the results...
China intends to reduce the volume of coal consumption. The maximum amount of carbon dioxide emissions will be reached in 10 years. As for carbon neutrality, its achievement is planned...
CHINA'S SERVICE SECTOR IS RECOVERING AT AN ACCELERATED PACE
The index, which measures business activity in the services sector of the Chinese economy, in March reached the highest level since December last year. According to Caixin/Markit data,...