http://en.xfafinance.com us-en Xinhua Finance Agency desdev@vip.qq.com http://en.xfafinance.com/html/Industries/Technology/2024/1009083.shtml Xinhua Finance Agency Technology Tue, 27 Aug 2024 06:17:45 +0800 http://en.xfafinance.com/html/Industries/Technology/2024/1009083.shtml LOS ANGELES, Aug. 26 (Xinhua) -- SpaceX is targeting Tuesday to launch a new mission featuring first-ever commercial spacewalk.

Four civilians are set to launch on the mission, dubbed Polaris Dawn, which is scheduled to lift off at 3:38 a.m. Eastern Time Tuesday from NASA's Kennedy Space Center in Florida.

This will be the first human spaceflight for the crew, consisting of Mission Pilot Kidd Poteet, Mission Specialist Sarah Gillis, and Mission Specialist and Medical Officer Anna Menon.

During their multi-day mission to orbit, the crew and Dragon spacecraft will endeavor to reach the highest Earth orbit ever flown since the Apollo program and participate in the first-ever commercial spacewalk, according to SpaceX.

They will also conduct 36 research studies and experiments from 31 partner institutions designed to advance both human health on Earth and during long-duration spaceflight, and test Starlink laser-based communications in space, according to SpaceX. ]]> http://en.xfafinance.com/html/Industries/Real_estates/2024/1008242.shtml Xinhua Finance Agency Real Estate Fri, 23 Aug 2024 12:43:34 +0800 http://en.xfafinance.com/html/Industries/Real_estates/2024/1008242.shtml BEIJING, Aug. 23 (Xinhua) -- China is advancing reforms in its real estate sector by promoting the sale of properties upon completion, signaling a shift from the traditional pre-sale model, according to the housing authority on Friday.

This new approach is being implemented for some new real estate development projects, with land transfers requiring properties to be sold only upon completion, said Dong Jianguo, vice minister of housing and urban-rural development.

Several regions across China have already launched projects using this new sales model, Dong said at a press conference.

Experts said the measure, which is part of broader efforts to stabilize the housing market, is expected to mitigate risks associated with unfinished projects. ]]> http://en.xfafinance.com/html/Industries/Energy/2024/1007878.shtml Xinhua Finance Agency Energy Thu, 22 Aug 2024 10:25:44 +0800 http://en.xfafinance.com/html/Industries/Energy/2024/1007878.shtml BEIJING, Aug. 22 (Xinhua) -- China's electricity consumption, a key barometer of economic activity, recorded robust expansion in July, according to the official data released on Thursday.

Power use climbed 5.7 percent year on year to 939.6 billion kilowatt-hours (kWh) last month, according to the National Energy Administration's data.

Specifically, power consumed by primary and secondary industries went up 1.5 percent and 5 percent year on year, respectively. The tertiary sector power consumption went up 7.8 percent.

China's residential power use in July registered a 5.9 percent increase from the same period last year, hitting 172.7 billion kWh.

In the first seven months of this year, the country's power use climbed 7.7 percent to nearly 5.6 trillion kWh, the data showed.

The Chinese economy has demonstrated resilience with stronger growth momentum in July, navigating through downside risks as more pro-growth policies have kicked in.

Last month, a broad range of key indicators maintained steady expansion, with production and demand on the rise, overall employment remaining stable, and new growth drivers building up. ]]> http://en.xfafinance.com/html/Industries/Consumer_Products_and_Services/2024/1007559.shtml Xinhua Finance Agency Consumer Products and Services Wed, 21 Aug 2024 10:23:29 +0800 http://en.xfafinance.com/html/Industries/Consumer_Products_and_Services/2024/1007559.shtml MACAO, Aug. 21 (Xinhua) -- Visitor arrivals in China's Macao increased 9.5 percent year-on-year to 3,021,189 in July, which also represents a rise of 18.4 percent month-on-month, according to Macao's Statistics and Census Service on Tuesday.

The data showed that the Chinese mainland remained a main source of visitors, with 2,183,397 arrivals, a 14.3 increase year-on-year. Meanwhile, visitors from China's Hong Kong decreased 10.9 percent year-on-year, and those from China's Taiwan rose 29.5 percent.

According to the data, international visitors rose 33.3 percent year-on-year to 172,983 in July, 75.5 percent of the July 2019 figure. ]]> http://en.xfafinance.com/html/Industries/Finance/2024/1007346.shtml Xinhua Finance Agency Finance Tue, 20 Aug 2024 10:34:15 +0800 http://en.xfafinance.com/html/Industries/Finance/2024/1007346.shtml BEIJING, Aug. 20 (Xinhua) -- China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.35 percent Tuesday, unchanged from the previous month.

The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 3.85 percent, according to the National Interbank Funding Center. ]]> http://en.xfafinance.com/html/Industries/Finance/2024/1007331.shtml Xinhua Finance Agency Finance Tue, 20 Aug 2024 10:01:59 +0800 http://en.xfafinance.com/html/Industries/Finance/2024/1007331.shtml BEIJING, Aug. 20 (Xinhua) -- China's central bank conducted 149.1 billion yuan (20.9 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent Tuesday. The move aims to keep liquidity reasonable and ample in the banking system, the central bank said. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. ]]> http://en.xfafinance.com/html/Industries/Finance/2024/1007100.shtml Xinhua Finance Agency Finance Mon, 19 Aug 2024 10:48:58 +0800 http://en.xfafinance.com/html/Industries/Finance/2024/1007100.shtml BEIJING, Aug. 19 (Xinhua) -- China's central bank conducted 52.1 billion yuan (7.3 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent Monday.

The move aims to keep liquidity reasonable and ample in the banking system, the central bank said.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. ]]> http://en.xfafinance.com/html/Industries/Technology/2024/1006423.shtml Xinhua Finance Agency Technology Fri, 16 Aug 2024 14:01:27 +0800 http://en.xfafinance.com/html/Industries/Technology/2024/1006423.shtml NEW DELHI, Aug. 16 (Xinhua) -- Indian Space Research Organisation (ISRO) Friday successfully launched its third and final developmental flight, Small Satellite Launch Vehicle (SSLV)-D3, carrying Earth Observation Satellite EOS-08, officials said.

The SSLV-D3 lifted off from the launch pad of Sriharikota, off the Bay of Bengal coast located in the southern Indian state of Andhra Pradesh at 9:17 a.m. (local time).

"The third developmental flight of SSLV is successful. The SSLV-D3 placed EOS-08 precisely into the orbit," ISRO in a brief statement posted on social media said. "This marks the successful completion of ISRO/DOS's SSLV Development Project. With technology transfer, the Indian industry and New Space India Limited will now produce SSLV for commercial missions." ]]> http://en.xfafinance.com/html/Industries/Finance/2024/1006369.shtml Xinhua Finance Agency Finance Fri, 16 Aug 2024 09:57:09 +0800 http://en.xfafinance.com/html/Industries/Finance/2024/1006369.shtml BEIJING, Aug. 16 (Xinhua) -- China's central bank conducted 137.8 billion yuan (19.28 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent Friday.

The move aims to keep liquidity reasonable and ample in the banking system, the central bank said.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. ]]> http://en.xfafinance.com/html/Industries/Technology/2024/1005557.shtml Xinhua Finance Agency Technology Tue, 13 Aug 2024 12:26:21 +0800 http://en.xfafinance.com/html/Industries/Technology/2024/1005557.shtml WASHINGTON, Aug. 12 (Xinhua) -- An underground reservoir of water may reside beneath the surface of Mars, according to new research released on Monday.

This water, estimated to be located approximately 7 to 12 miles (11.5 to 20 km) below the Martian crust, is hidden within cracks in underground rocks. The volume of water present is substantial enough to potentially form a global ocean on Mars.

The findings are based on seismic measurements from NASA's Mars InSight lander, which used a seismometer to detect Mars' interior between 2018 and 2022.

The water on Mars is believed to have transiently existed on the planet's surface over 3 billion years ago when Mars had rivers, lakes, and oceans, according to planetary scientist Vashan Wright of the University of California, San Diego's Scripps Institution of Oceanography, lead author of the study published in the journal Proceedings of the National Academy of Sciences.

However, as Mars' atmosphere thinned, it is thought to have lost its surface water. The new findings suggest that the water has seeped into Mars' crust.

"Understanding the Martian water cycle is critical for understanding the evolution of the climate, surface and interior," Wright said. ]]> http://en.xfafinance.com/html/Industries/Finance/2024/1005532.shtml Xinhua Finance Agency Finance Tue, 13 Aug 2024 10:54:50 +0800 http://en.xfafinance.com/html/Industries/Finance/2024/1005532.shtml BEIJING, Aug. 13 (Xinhua) -- China's central bank conducted 385.7 billion yuan (about 53.96 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent Tuesday.

The move aims to keep liquidity reasonable and ample in the banking system, the central bank said.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. ]]> http://en.xfafinance.com/html/Industries/Finance/2024/1005292.shtml Xinhua Finance Agency Finance Mon, 12 Aug 2024 11:22:48 +0800 http://en.xfafinance.com/html/Industries/Finance/2024/1005292.shtml BEIJING, Aug. 12 (Xinhua) -- China's central bank conducted 74.5 billion yuan (10.43 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent Monday.

The move aims to keep liquidity reasonable and ample in the banking system, the central bank said.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. ]]> http://en.xfafinance.com/html/Industries/Finance/2024/1005261.shtml Xinhua Finance Agency Finance Mon, 12 Aug 2024 10:04:54 +0800 http://en.xfafinance.com/html/Industries/Finance/2024/1005261.shtml BEIJING, Aug. 12 (Xinhua) -- China's current account surplus was 94.1 billion U.S. dollars in the first half (H1) of the year, official data showed Friday.

The current account surplus to gross domestic product ratio stood at 1.1 percent from January to June, remaining within a reasonable range, according to Wang Chunying, deputy head of the State Administration of Foreign Exchange.

Of the total, the surplus under trade in goods amounted to 288.4 billion dollars during the period, the second-highest level of all time, Wang said.

Wang attributed the growth in goods trade to the country's steady economic performance, the development of new quality productive forces, and the recovery of external demand.

In terms of trade in services, the country saw a deficit of 122.9 billion dollars during the period. Particularly, the tourism sector's deficit rose by 37 percent year on year to 103.2 billion dollars.

The sector's incomes and expenditures increased by 43 percent and 37 percent, respectively, driven by a surge in both inbound and outbound travels, according to Wang.

Despite complex and volatile external environment, Wang said that as China continues to advance high-quality development, deepen reforms at all fronts and sustain a steady economic recovery, it will maintain an equilibrium in its balance of payments. ]]> http://en.xfafinance.com/html/Industries/Finance/2024/1004673.shtml Xinhua Finance Agency Finance Thu, 08 Aug 2024 12:20:37 +0800 http://en.xfafinance.com/html/Industries/Finance/2024/1004673.shtml BEIJING, Aug. 8 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 6.4 basis points to 1.681 percent Thursday.

The seven-day rate rose 5.5 basis points to 1.763 percent, the one-month rate edged down 0.2 basis points to 1.805 percent, and the one-year rate dropped 0.6 basis points to 1.917 percent.

Shibor is a simple, no-guarantee, wholesale interest rate calculated by arithmetically averaging all the interbank RMB lending rates offered by the price quotation group of 18 commercial banks with a high credit rating, with the four highest and four lowest quotations excluded. ]]> http://en.xfafinance.com/html/Industries/Finance/2024/1004650.shtml Xinhua Finance Agency Finance Thu, 08 Aug 2024 10:48:56 +0800 http://en.xfafinance.com/html/Industries/Finance/2024/1004650.shtml BEIJING, Aug. 8 (Xinhua) -- China's central bank conducted 7.1 billion yuan (about 993.6 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent Thursday.

The move aims to keep liquidity reasonable and ample in the banking system, the central bank said.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. ]]> http://en.xfafinance.com/html/Industries/Finance/2024/1003827.shtml Xinhua Finance Agency Finance Mon, 05 Aug 2024 10:49:11 +0800 http://en.xfafinance.com/html/Industries/Finance/2024/1003827.shtml BEIJING, Aug. 5 (Xinhua) -- China's central bank conducted 670 million yuan (about 94 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent Monday.

The move aims to keep liquidity reasonable and ample in the banking system, the central bank said.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. ]]> http://en.xfafinance.com/html/Industries/Finance/2024/1002836.shtml Xinhua Finance Agency Finance Wed, 31 Jul 2024 11:44:11 +0800 http://en.xfafinance.com/html/Industries/Finance/2024/1002836.shtml BEIJING, July 31 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 14.3 basis points to 1.782 percent Wednesday.

The seven-day rate dropped 4.2 basis points to 1.772 percent, the one-month rate edged down 0.4 basis points to 1.835 percent, and the one-year rate dropped 0.6 basis points to 1.96 percent.

Shibor is a simple, no-guarantee, wholesale interest rate calculated by arithmetically averaging all the interbank RMB lending rates offered by the price quotation group of 18 commercial banks with a high credit rating, with the four highest and four lowest quotations excluded. ]]> http://en.xfafinance.com/html/Industries/Finance/2024/1002155.shtml Xinhua Finance Agency Finance Mon, 29 Jul 2024 10:43:01 +0800 http://en.xfafinance.com/html/Industries/Finance/2024/1002155.shtml BEIJING, July 29 (Xinhua) -- China's central bank conducted 301.57 billion yuan (about 42.29 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent Monday.

The move aims to keep liquidity reasonable and ample in the banking system at the end of this month, the central bank said.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.


  ]]> http://en.xfafinance.com/html/Industries/Consumer_Products_and_Services/2024/1001618.shtml Xinhua Finance Agency Consumer Products and Services Fri, 26 Jul 2024 09:45:59 +0800 http://en.xfafinance.com/html/Industries/Consumer_Products_and_Services/2024/1001618.shtml BEIJING, July 26 (Xinhua) -- More than 32.4 billion inter-regional trips were made in China during the first half (H1) of 2024, up 7.4 percent from one year earlier, data from the Ministry of Transport showed on Friday. ]]> http://en.xfafinance.com/html/Industries/Finance/2024/1001350.shtml Xinhua Finance Agency Finance Thu, 25 Jul 2024 10:24:07 +0800 http://en.xfafinance.com/html/Industries/Finance/2024/1001350.shtml BEIJING, July 25 (Xinhua) -- China's central bank injected liquidity into the banking system through reverse repos and medium-term lending facility (MLF) on Thursday.

The People's Bank of China conducted 235.1 billion yuan (about 33 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent.

A total of 200 billion yuan was also injected into the market via the MLF, which will mature in one year at an interest rate of 2.3 percent.

The move aims to keep liquidity reasonable and ample in the banking system, the People's Bank of China said in a statement.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.






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