15 June 2021 – In the five months ended May, there were 18,497 foreign-invested companies newly formed in China, showing a 48.6% growth over a year ago and 12.4% growth over the same time of 2019. There were wired-in or actual-use of foreign investments of RMB481 billion in China, an increase of 35.4% over a year ago and 30.3% growth over the comparable period of 2019. 

9 June 2021 – Starting from 15 June, the required reserve ratio of foreign exchange deposits at financial institutions in mainland China will be raised 2%, i.e. lifting from the current ratio of 5% to 7%. 

10 May 2021 - National Development and Reform Commission (NDRC) and the People’s Bank of China (PBOC) have displayed to the public, on their websites, the names of those refusing to accept Renminbi (RMB) banknotes and cash in the course of business. There were 24 groups fined RMB500 to RMB500,000 each for refusing to take RMB cash during the six months from October 2020 to March 2021. Most of them were carparks, tourist sites, public service organizations, real estate and even insurance companies. 

2 May 2021 - China will temporarily scrap import tariffs put on pig iron, crude steel, re-cycled iron and steel materials, and ferrochrome starting from 1 May. At the same time, export taxes on ferrochrome, pure pig iron and ferrosilicon will be raised sharply.

Summer Bees - Photo courtesy of China General Nuclear Power Corp. 9 June 2021

Summer Breeze - Photo courtesy of China General Nuclear 9 June 2021