[The 14th Five-Year Plan Central Enterprises Invested 260 billion Yuan in Tibet]The State-owned Assets Supervision and Administration Commission of the State Council yesterday (17th) held a central enterprise assistance work conference for Tibet. During the 13th Five-Year Plan period, central enterprises invested a total of 134.2 billion yuan in Tibet and implemented 9900 industrial projects. By the end of 2020, there were 170 branches of central enterprises in Tibet with total assets of 212.8 billion yuan and 20,000 employees, including 13,000 ethnic minority employees. During the "14th Five-Year Plan" period, central enterprises will invest more than 260 billion yuan in Tibet, and will also invest 2.2 billion yuan in free aid in Tibet. Editor/Xu Shengpeng
On February 28, 2026, the security risks in the Middle East continued to rise, with the United States, the United Kingdom, France, and others withdrawing non essential personnel from Iran and Israel, and multiple countries issuing travel bans. The Chinese Ministry of Foreign Affairs reminds citizens not to travel to Iran temporarily and to evacuate personnel in Iran as soon as possible. Regional tensions have pushed up international energy prices, and global market risk aversion has intensified.Editor/Bian Wenjun
The People's Bank of China announced that from March 2, 2026, the foreign exchange risk reserve ratio for forward foreign exchange sales business will be reduced from 20% to 0. This move will significantly reduce the cost of currency hedging for foreign trade enterprises, support the stable development of the real economy, promote the smooth operation of the foreign exchange market, and release the policy intention of stabilizing foreign trade and expectations.Editor/Bian Wenjun