China to issue record treasury bonds

CHINA plans to sell a record amount of treasury bonds in 2022, while keeping overall interest rates of the issuance lower, as the country adopts a proactive policy to stabilize economic growth, a senior official at the finance ministry said.

China will provide liquidity support for treasury bond issuance, and will also attract more long-term foreign investors into the world’s second-biggest bond market, said Wang Xiaolong, director of the Treasury Department at the Ministry of Finance.

China, other RCEP members’ trade hits US$1.72tr

IMPORTS and exports between China and the other 14 members of the Regional Comprehensive Economic Partnership (RCEP) totaled 10.96 trillion yuan (US$1.72 trillion) in the first 11 months of this year, according to Chinese customs data.

The figure accounts for 31 percent of China’s total foreign trade value, the General Administration of Customs (GAC) said Wednesday. The country has taken steps to further facilitate trade with the other RCEP members, including familiarizing companies with relevant import and export procedures and advancing the mutual recognition of Authorized Economic Operators with five RCEP members, the GAC said.

Huawei’s support boosts digital literacy in Africa

SHENZHEN-BASED telecom firm Huawei has ramped up training and mentorship targeting African women and girls in order to boost their digital skills and enhance their employability in the industries of the future.

Huawei said in a statement issued in Nairobi, the Kenyan capital, Wednesday that it was committed to bridging gender divide on digital skills across the Sub-Saharan African region. Through its flagship program dubbed “Seeds for the Future,” Huawei has partnered with African governments to offer specialized Information and Communication Technology training to women and girls.

Beijing raises NEV quota in car plate allocation

BEIJING Municipality will raise the quota of new-energy vehicles (NEVs) in the new car license plate allocation next year, authorities announced Wednesday.

The city will allocate 100,000 new car plates in 2022, and the quota for NEVs will be increased from 60,000 to 70,000, according to the municipal office for car quota allocation management. The quota for traditional fuel cars will be reduced from 40,000 to 30,000.