NDRC in July approved eight fixed-asset investment projects worth 236.8 billion yuan .
As of July 31, China had issued most of the 3.45 trillion yuan in special bonds earmarked for infrastructure, Luo Guosan, an official at the NDRC’s infrastructure development department told the same news conference. That was part of the 2022 annual special bond quota of 3.65 trillion yuan. China is stepping up spending on infrastructure projects to prop up the flagging economy, which has been hobbled by strict COVID-19 restrictions, a troubled property market and weak consumption.
Infrastructure investment grew 7.4 percent in the first seven months of the year from the same period a year earlier, data from the statistics bureau showed on Monday. “Youth employment has been under greater pressure this year due to overlap of structural, cyclical and seasonal factors,” Yuan also said.The employment situation remained fragile. Official data on Monday showed that the nationwide survey-based jobless rate eased slightly in July from June, while youth unemployment stayed stubbornly high, reaching a record 19.9 percent in July.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippines, China agree to resume negotiations on 3 major railway projects - BusinessWorld OnlineTHE PHILIPPINES and China have agreed to resume negotiations on three major railway projects, the Department of Transportation (DoTr) said on Sunday. READ:
Source: bworldph - 🏆 9. / 68 Read more »
Nearly 6,000 glaciers in China have disappeared due to global warmingAlmost 6,000 glaciers in the Qinghai-Tibet Plateau, also known as the Tibetan Plateau in China, have reportedly disappeared in the past 50 years as the region saw a temperature spike because of global warming. Scientists reported that 5,956 miniature alpine glaciers have disappeared in the region out of the 34,578 glaciers they discovered 50 years ago, while 25,901 glaciers have shrunk dramatically, according to Sixth Tone. The continued melting of the plateau’s glaciers has also brought safety concerns – such as natural disasters like floods and mudslides caused by heavy rainfall, snowfall or rocks – to the nearby area.
Source: YahooPH - 🏆 22. / 51 Read more »
China announces patrols to protest US senator’s Taiwan visit - BusinessMirrorChina’s military said it held fresh patrols around Taiwan to “fight back” against another US congressional visit less than two weeks after House Speaker Nancy Pelosi traveled to Taipei. The patrols and exercises conducted in the “sea and air space around Taiwan” on Monday provided a “resolute response and stern deterrence to US-Taiwan collusion,” Chinese
Source: BusinessMirror - 🏆 19. / 59 Read more »
Should We Be Freaked About the New Virus Found in China?Frank Rumpenhorst/AFP via GettyA new virus, Langya henipavirus, is suspected to have caused infections in 35 people in China’s Shandong and Henan provinces over roughly a two-year period to 2021.It’s related to Hendra and Nipah viruses, which cause disease in humans. However, there’s much we don’t know about the new virus—known as LayV for short—including whether it spreads from human to human.Here’s what we know so far.How sick are people getting?Researchers in China first detected this new vir
Source: YahooPH - 🏆 22. / 51 Read more »
US lawmakers arrive in Taiwan amid China tensionsThe de facto United States embassy says the officials will meet with senior Taiwan leaders to discuss relations, regional security, and trade, among others
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Mazda Wants To Be Less Dependent On China | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Source: carguideph - 🏆 16. / 63 Read more »