China Business Now: Recent Episodes
Yenna
Welcome to China Business Now, a 3-minute digest of what happened in China's business sector, presented by 21st Century Business Herald.
China on May 30 sent three astronauts to its Tiangong space station, putting a civilian into orbit for the first time as it pursues plans to send a crewed mission to the Moon by the end of the decade.
https://m.21jingji.com/article/20230530/herald/202a16688165d13a9700d1864a1063ed.html
C919, China's self-developed large passenger aircraft developed by Commercial Aircraft Corporation of China (COMAC), completed its inaugural commercial flight from Shanghai to Beijing on May 28, creating a milestone in China's aviation industry, which aims to compete with global players such as Boeing.
https://m.21jingji.com/article/20230529/herald/eca2aa9e66268d6b26450ff8df5b4834.html
According to the World Economic Forum (WEF), deepfake videos are increasing at an annual rate of 900%, and recent technological advances have even made it easier to produce them. Tech talk aside. For ordinary people, what can we do to avoid being victim of AI-related scams?
https://m.21jingji.com/article/20230526/herald/e42029b882e3b6b1905dd083a16141f2.html
China's banks will continue to provide better support to the real economy by extending more loans and increasing credit lines, especially in key and weak areas.
https://m.21jingji.com/article/20230427/herald/c70e9a37ad3e02bea647826efd90116b.html
China’s credit expanded faster than expected in March, a sign that the central bank’s moves to unleash more long-term liquidity into the economy and support bank lending is fueling investment activity.
https://m.21jingji.com/article/20230412/herald/f7e33ea2fec06aa26e4cc48c708bed05.html
China's consumer inflation eased last month, data released on Tuesday showed, while producer prices remained in deflation.
The consumer price index (CPI) rose by 0.7% in March from a year earlier, down from 1% growth in February, hitting the slowest pace since September 2021, according to the National Bureau of Statistics (NBS).
https://m.21jingji.com/article/20230411/herald/cae4c35ce4344aba8a6c10cebc2a5635.html
China’s stock market had its busiest day for initial public offerings (IPOs) in 16 months, with 10 companies spring by at least 40% as they started trading for the first time in Shanghai and Shenzhen.
https://m.21jingji.com/article/20230410/herald/2bbe13f8bcc3350dcb8118890f30b673.html
China holds the high-profile CDF offline, highlighting economic recovery and cooperation.
https://m.21jingji.com/article/20230327/herald/ab74bc2dc300c2ee1554f3196fb03211.html
Chinese Premier Li Qiang stressed that China will put the focus of economic development on the real economy, with more efforts to boost advanced and high-end manufacturing, during an inspection tour in Central China's Hunan Province.
https://m.21jingji.com/article/20230323/herald/7112cca31335fa20d86c4eaa7f3d14cf.html
Guangdong issued a second batch of nine policy measures to bolster market confidence, rev up economic vitality, and support the high-quality development of business entities.
https://m.21jingji.com/article/20230321/herald/b957ae7852718126b0746bf1c3b384e0.html
The People's Bank of China (PBOC) announced to cut the reserve requirement ratio (RRR) for financial institutions by 0.25 percentage points to 7.6%, effective March 27. It is expected to release about 530 billion yuan in long-term liquidity into the financial market.
https://m.21jingji.com/article/20230320/herald/406ef304deeda9129985dc9d2efe7fd7.html
China’s home prices rose in February for the first time in 18 months, a sign that government efforts to stabilize the property market are starting to pay off.
https://m.21jingji.com/article/20230316/herald/e15787b7f04d164ed864d0913fb2d556.html
China’s economic performance showed a steady recovery in the first two months of 2023, with production and demand improving significantly, boosting national confidence that a roughly 5% GDP growth rate target for the whole year remains achievable.
https://m.21jingji.com/article/20230315/herald/2724e00e3507268f87f035806fccde45.html
The expansion of eligible shares under the Stock Connect program of the Chinese mainland and the Hong Kong SAR capital markets officially started on March 13, marking a milestone in the high-level institutional opening-up of China's capital market.
https://m.21jingji.com/article/20230314/herald/3693ade0376c7def9a63ca10d2c0424f.html
Li Qiang made his first appearance as Chinese newly-elected Premier at the two sessions press conference. Voicing full confidence in the prospects of China's economy, Li stressed the importance of the people-centered development philosophy and pledged to focus efforts on promoting high-quality development.
https://m.21jingji.com/article/20230313/herald/4ec389f8a54e03cd6f6fd3e00a660b0e.html
China is set to accelerate efforts to attract and utilize more foreign investment this year, as outlined in the latest Government Work Report at the ongoing two sessions.
The report recommended several measures to achieve this goal, including expanding market access, opening up the modern services sector, ensuring national treatment and improving services for foreign-funded companies, and facilitating the launch of landmark foreign-funded projects.
https://m.21jingji.com/article/20230309/herald/2f4a259dd70fa08f5e7a4475e10c163d.html
China on Tuesday unveiled a sweeping reform plan for a slew of state institutions, with a focus on restructuring the Ministry of Science and Technology and establishing a national financial regulatory administration, underscoring the country's intensifying efforts to bolster its scientific-technology capabilities and economic and financial security amid growing external uncertainties.
https://m.21jingji.com/article/20230308/herald/bbac2b6f42d6ee1f1202266887773134.html
China's leadership has vowed to unswervingly consolidate and develop the public sector and unswervingly encouraging, supporting, and guiding the development of the non-public sector in China.
https://m.21jingji.com/article/20230307/herald/a3f8ec66ff7acd84aa925c6b3f715069.html
China set its GDP growth target at about 5% for 2023, reflecting the country’s confidence in a nationwide economic recovery after claiming a decisive victory against the COVID-19 epidemic, while also balancing against global economic volatility and geopolitical uncertainty.
https://m.21jingji.com/article/20230306/herald/7d2b31689799bef840e177979484b4aa.html
2023 is the first year after the 20th CPC National Congress, which is widely seen as the opening year for China to execute the new blueprint, and also a key year of hard work, laying the foundation for a decade of economic and social development in the country. While markets are worried about a slowdown in Western economies, China's growth is poised to pick up this year.
https://m.21jingji.com/article/20230303/herald/8c3340d061e14b637f310f555985b8ba.html
China will "fully" promote the research and development of 6G as well as other cutting-edge technologies this year, including humanoid robots, the metaverse and quantum technology, to better support the construction of a modern industrial system.
https://m.21jingji.com/article/20230302/herald/608eb55e30bcb617fe59529785a3b052.html
The official gauges of China’s factory, services and construction activities rebounded strongly in February, shaking off the impact of Covid after Beijing reopened the economy late last year.
China’s official manufacturing purchasing managers index rose to 52.6 in February from January’s 50.1. The result marks the highest reading since April 2012, when it hit 53.5, and well exceeds the 50.5 expected by economists.
https://m.21jingji.com/article/20230301/herald/00c8cbecc0899e2e6594912940f88f8c.html
China unveils blueprint for propelling digital development through 2035.
https://m.21jingji.com/article/20230228/herald/a03f66b1c6fc9f71136f25eff770b851.html
The Hong Kong Exchanges and Clearing (HKEX) will allow tech companies with no earnings or profit to list after a rule change in March, said Christopher Hui, secretary for financial services and the treasury of HKSAR.
https://m.21jingji.com/article/20230227/herald/af1625b55b81f882c024233b6aa92276.html
The central authorities on Monday unveiled the closely watched “No. 1 central document" for this year, which pledged to advance the national strategy of rural vitalization and accelerate modernization in rural regions.
https://m.21jingji.com/article/20230214/herald/6d3ef1dd9e3c029ac665185c1bdd720f.html
China’s new yuan-denominated loans soared to a new monthly record in January, showing that the Chinese economy is recovering quickly.
https://m.21jingji.com/article/20230213/herald/1c1e438861cb335aaf7fd50f688c2213.html
South China economic powerhouse Guangdong Province is gearing up efforts to woo international investors by reaching out to Hong Kong in a latest policy introduction tour, as exchanges in business and trade in the Greater Bay Area accelerated.
https://m.21jingji.com/article/20230209/herald/09f9b5d584e88275252b715fede704f4.html
Chinese state-owned real estate companies restarted overseas bond issuances in January after five months of suspension, paving the way for a rebound of the industry as more companies are expected to follow suit.
https://m.21jingji.com/article/20230208/herald/b08e62133f4c4f62680d6a312f6e4210.html
China's AI giant Baidu confirmed plans to roll out a ChatGPT-style service, triggering an immediate rally in its Hong Kong-listed shares that surged 18 percent on Tuesday morning. The Beijing-based company has named its own version of AI-based chatbot Ernie Bot, which it plans to officially launch in March after completing internal testing.
https://m.21jingji.com/article/20230207/herald/687df98c1af57b3321d0b7106b340235.html
Chinese travel agencies are preparing for the resumption of outbound group tour services starting from Monday, with the first batch of tourists set out for countries including Thailand and Laos, after the Ministry of Culture and Tourism announced on January 20 that China would roll out a pilot program to resume outbound group travel services to 20 countries starting from Monday.
https://m.21jingji.com/article/20230206/herald/e4fefb50d27079412a1c1fb0aed5d5ea.html
China will broaden the registration-based initial public offering system and include no trading limit on the first five trading days for new listings.
https://m.21jingji.com/article/20230202/herald/006e8f137d4556bf3b11d81b8c053188.html
As China established a dynamic mortgage rate adjustment mechanism for first-time home buyers, more and more cities cuts the interest rates of housing loans after the spring festival.
https://m.21jingji.com/article/20230201/herald/7f1ee1a4af5a85912dcd0b7358fc020f.html
China’s factory and services activity bounced back in January in the first sign of economic recovery after Beijing optimized its Covid response. The official manufacturing purchasing managers’ index (PMI) rose to a four-month high of 50.1, up from 47 in December, according to the National Bureau of Statistics (NBS), returning to expansion territory for the first time since September 2022.
https://m.21jingji.com/article/20230131/herald/54f81f9bc8fbcebae44d5f9205474fe6.html
China's southern economic powerhouse of Guangdong must harness "high-quality development" if it is to overcome risks and its limits on growth, while “lying flat" - a reference to giving up - was not an option and the only way to respond to external competition and uncertainties was to modernise and aim for quality.
https://m.21jingji.com/article/20230130/herald/9152a70ef49fb4a00e699f276287a232.html
China’s Ministry of Industry and Information Technology (MIIT) issued a total of 15 measures to further stabilize growth and adjust structure of small and medium-sized enterprises (SMEs).
To further stabilize the growth and expectations, the ministry rolled out seven initiatives including financing support, expanding demand as well as ensuring supply and stabilizing prices of bulk raw materials, vowing to stimulate the vitality and confidence of market players.
https://m.21jingji.com/article/20230116/herald/981605f52f3a2371901cd4afdfcf9e4e.html
China's consumer price index, a main gauge of inflation, grew by 1.8% year-on-year in December, up from 1.6% in November, the National Bureau of Statistics said on Thursday. The country's full-year consumer inflation rose by 2% year-on-year, according to the National Bureau of Statistics.
China's new yuan-denominated loans totaled 21.31 trillion yuan in 2022, up 1.36 trillion yuan year-on-year. In December alone, new yuan loans stood at 1.4 trillion yuan, up 266.5 billion yuan year on year, according to the People's Bank of China (PBOC).
Local governments in China are setting annual growth targets of above 5% this year, mapping out their economic blueprints amid expectations of a notable rebound.
Of the 24 cities with GDP of more than 1 trillion yuan last year, eleven had released GDP targets for 2023, aiming at increases of between 5% and 7%.
China has decided not to include Pfizer’s oral Covid-19 drug Paxlovid in the national medical insurance catalog because of its high price.
China has dropped quarantine requirements for all passengers arriving from outside of the country’s borders starting on January 8, 2023, in a major step toward opening up the country’s borders that have been largely shut for the last three years.
China will work harder next year to coordinate its pandemic response and socioeconomic development, comprehensively intensify reform and opening-up, boost market confidence and expand domestic demand.
https://m.21jingji.com/article/20221208/herald/4376c0af728c38e10cee688c0e27d070.html
Banks in multiple Chinese cities such as Guangzhou, Shanghai, Beijing, Chongqing and Zhengzhou have launched deferred mortgage repayment services recently to ease the pressure on home buyers who have been impacted by the COVID-19 epidemic, with a maximum extension of 12 months, reports said on Monday.
https://m.21jingji.com/article/20221206/herald/45225a1412d085854ef64abdc15489b5.html
At least a dozen cities across China have eased COVID-19 restrictions in recent days, with Shenzhen in Guangdong Province becoming the last metropolis to scrap tests for public transport and most indoor areas.
Many other first- and second-tier cities, including Shanghai, Guangzhou, Shenzhen, Tianjin, Chengdu, Zhengzhou, and Wuhan, also optimized similar anti-Covid mobility policies. Hospitals in many cities are also starting to accept walk-in patients without a recent PCR test.
https://m.21jingji.com/article/20221205/herald/ac0dd614efd653c359e7b62b011270d1.html
China will use timely cuts in banks' reserve requirement ratio (RRR), which is the amount of cash that banks must hold as reserves, alongside other monetary policy tools, to keep liquidity reasonably ample.
https://m.21jingji.com/article/20221124/herald/cfa1d45af2f058328c2471a5581a7425.html
China's cross-border capital flows are stable and there is great potential for global capital to be allocated, given the international appeal of yuan financial assets.
https://m.21jingji.com/article/20221123/herald/91d27a81f8cb44627179698d6b7e0820.html
China's financial regulators on Monday stressed the need for facilitating financing for the real estate sector at the Annual Conference of Financial Street Forum 2022, as more financial support would be in the pipeline to stabilize the sector.
https://m.21jingji.com/article/20221122/herald/b3706b3718c7db6b26d150f246a22d0d.html
FIFA World Cup opens in Doha, Qatar, with Chinese elements seen in and out of the stadium.
China Railway Construction Corporation designed and built one of the Qatar World Cup's main stadiums, Lusail Stadium, which is the largest and most advanced one among professional soccer stadiums built by Chinese enterprises. In addition, Chinese firm Unilumin is the provider of the LED big screen for the World Cup.
The Al-Qasar 800-megawatt photovoltaic plant designed and built by the Power Construction Corporation of China has been put into operation, providing green energy to the World Cup. China Energy Engineering Corporation and China Gezhouba Group took part in building the super large impounding reservoir, offering clear drinking water to the World Cup.
https://m.21jingji.com/article/20221121/herald/1e97dfa803e5457e396698a7da76485b.html
China's economy has maintained the recovery trend in October with steady growth in industrial production and investment, while consumption was still weak amid pressures from renewed COVID-19 outbreaks.
https://m.21jingji.com/article/20221115/herald/71cc35f83b12dbe65447cb8c74a09139.html
Chinese e-commerce platforms saw sales jump 13.7% to 1.1 trillion yuan over the course of this year’s Double 11 shopping festival. Gross merchandise volume at e-commerce sites such as Alibaba’s Tmall marketplace, JD.com, and Pinduoduo, rose 2.9% to 934 billion yuan between Oct. 24 and Nov. 11 from a year ago. The GMV for livestreaming e-commerce platforms, including Douyin, Diantao, and Kuaishou, soared 146% to 181.4 billion yuan. For the first time since the first Double 11 in 2009, Tmall and JD did not disclose their GMVs for the annual retail extravaganza.
https://m.21jingji.com/article/20221114/herald/bc98548cc0af8567a53650d789cd0823.html
China's inflation fell to its slowest pace in seven months, in October, due to a high comparison base and softer consumer demand. The country's consumer price index, a main gauge of inflation, rose by 2.1% year-on-year in October, a seven-month low, down from 2.8% in September.
https://m.21jingji.com/article/20221109/herald/fc67afabe0fedd8bc70390700689c056.html
China's top economic planner on Monday issued 21 measures to support the private investment, saying that it would further support the participation of private investment in key infrastructure projects, science and innovation.
https://m.21jingji.com/article/20221108/herald/90d9601ee5a2b313ba63670db1d47648.html
China's foreign trade rose 9.5% year-on-year in the first 10 months of the year, maintaining steady operation characterized by close regional cooperation and an increasingly diversified international market layout.
https://m.21jingji.com/article/20221107/herald/f8f4f2a00c1f0fc7c4af7128f3536250.html
China's newly established financial stability fund, its deposit insurance fund and other industry security funds shall not be used as the go-to bailout option while the country is dealing with financial risks.
https://m.21jingji.com/article/20221103/herald/eb8866476458b80040acbbee3e5b728d.html
China's central bank governor Yi Gang said on Wednesday that the potential growth rate of the Chinese economy will remain within a reasonable range and the yuan will remain stable against a basket of currencies, adding that structural reform will continue to fuel China's economic growth.
https://m.21jingji.com/article/20221102/herald/364d004b55c4b46c16d73ad25df4e1ab.html
China’s Ministry of Finance announced 14 measures on Monday to support the city of Shenzhen, South China’s Guangdong Province, to explore innovative fiscal and taxation policies that will facilitate high-quality economic development and technological breakthroughs, and further accommodate its role as a pilot demonstration area of socialism with Chinese characteristics.
https://m.21jingji.com/article/20221101/herald/1df1be1e941bf8e3e3f86a1748ec7154.html
China's official manufacturing Purchasing Managers' Index (PMI) fell into contraction in October. The official PMI came in at 49.2 October, down 0.9 percentage points from September, due to frequent outbreaks of COVID-19 in the country and economic recovery needs further consolidation.
https://m.21jingji.com/article/20221031/herald/9370a0b4c7007335c85548571a58aa03.html
Profits at China's industrial firms shrank at a faster pace, slip 2.3% in first 9 months of 2022, amid pressures from high costs and a grimmer, more complicated international situation.
https://m.21jingji.com/article/20221027/herald/78261346558d939cb1a99066de60313e.html
China will introduce a consumption tax for vaping devices from November, as part of a series of measures the government has taken in the past year to bring the burgeoning new sector more in line with that of traditional tobacco products.
https://m.21jingji.com/article/20221026/herald/a33550f634dacccacd3f24de4ea7e555.html
Major Chinese e-commerce platforms have fired their opening salvos for the Singles' Day shopping festival with enticing incentives for both consumers and merchants, as the world's second-largest economy gears up for the annual buying spree.
https://m.21jingji.com/article/20221025/herald/60a886b581befdb6fdae754f9aac8a8a.html
China's gross domestic product grew by 3.9 percent year-on-year in the third quarter, up from 0.4 percent in the second quarter, posting a steady rebound despite factors beyond expectations.
https://m.21jingji.com/article/20221024/herald/268a318212046fb32a103013a9f6b303.html
China's National Development and Reform Commission unveiled a basket of policies to further propel the economy from urging construction projects to boost NEVs consumption.
https://m.21jingji.com/article/20220920/herald/2e550ef26a791039275a4b411a75e97a.html
The 19th China-ASEAN Expo has witnessed a new record of deals signed on the event. A total of 267 projects on investment and cooperation have been inked at the expo, with a total value of 413 billion yuan, representing a 37 percent year-on-year growth.
https://m.21jingji.com/article/20220919/herald/f51919b9bfc0db69cd7492efbeb70065.html
China will continue to defer tax payments for smaller manufacturers as part of efforts to revive economic activity.
https://m.21jingji.com/article/20220915/herald/9a31f3b536e8b7529f2af47f9d5c8e5c.html
Chinese Premier Li Keqiang has stressed the need for efforts to ensure the implementation of policy measures to stabilise economic growth, employment and prices, while calling for more policies to drive up consumption.
https://m.21jingji.com/article/20220914/herald/2f981bddc070a05f36a4ceff74bb727b.html
China saw 73.41 million domestic tourist visits during the three-day Mid-Autumn Festival holiday. Domestic tourism revenue generated during the period totalled 28.7 billion yuan, a fall of 22.8 percent year-on-year. The trip number over the three-day break dropped by 16.7 percent year-on-year.
https://m.21jingji.com/article/20220913/herald/9ad949da7a73558fc359fd7395766fe9.html
China's foreign trade of goods jumped 10.1 percent year on year to 27.3 trillion yuan during the first eight months of the year. From January to August, exports rose 14.2 percent year on year to 15.48 trillion yuan, while imports increased 5.2 percent from a year ago to 11.82 trillion yuan.
https://m.21jingji.com/article/20220907/herald/1c5dd05f46365b135bc6d09b4c87cd66.html
The People's Bank of China (PBOC), the country's central bank, announced on Monday that it would lower financial institutions' foreign exchange reserve requirement ratio (RRR) by 2 percentage points to 6 percent, to help financial institutions' ability to use foreign exchange funds.
https://m.21jingji.com/article/20220906/herald/7d4ec99393a65b3943a503bb5eeaad43.html
Big Chinese banks see slowing mortgage issuance in the first half. Three reasons were cited in the lenders’ financial statements: active risk control by the banks; the impact of the Covid-19 pandemic; and the decline in the real estate sector’s demand for credit.
https://m.21jingji.com/article/20220905/herald/d306beed10888c5fb123dfddf2eed569.html
China will take further steps to foster an enabling business climate and lower government-imposed transaction costs, to continuously ease the burden on market players and unleash their vitality.
https://m.21jingji.com/article/20220901/herald/fe6c8b0668c0d888a4c5199a7b499a79.html
China’s official manufacturing Purchasing Managers’ Index (PMI) in August rebounded slightly from last month’s level to stand at 49.4.
https://m.21jingji.com/article/20220831/herald/d181a9d9f22105ae6420f49baab1cd33.html
The People’s Bank of China fixed the Chinese yuan at 6.8802 per US dollar on August 30, after the yuan further softened to around 6.92 on Monday, hitting a fresh two-year low, as the dollar's unusual strength amid the Federal Reserve's policy tightening prompted other major currencies to devaluate.
https://m.21jingji.com/article/20220830/herald/cdb71516b02324fd614de2d5005e5c7b.html
China and US reached a milestone audit deal, paving way to halt the tide of US delistings by Chinese firms.
https://m.21jingji.com/article/20220829/herald/75efaf0c33390c5efafd015ac8081041.html
According to the China Luxury Consumption Behavior Report 2022 data at the University of International Business and Economics, young millennial account for the highest proportion of consumers in both online and offline consumption and are the mainstay of current luxury consumption. Younger Gen-Z accounted for 24.7% of online consumers. Data from the second-hand luxury resale platform Plum showed that more than 70% of its users were born after 1990.
https://m.21jingji.com/article/20220826/herald/aa398795d8bb291f0f34644a89e7f7f9.html
China's State Council unveiled 19 policy measures that add up to over 1 trillion yuan, specifically aimed at various economic challenges such as extreme weather and the troubled housing market, in the latest effort to boost the recovery of the world's second-largest economy that's grappling with record-setting heat waves, sporadic COVID-19 outbreaks and falling market sentiment.
https://m.21jingji.com/article/20220825/herald/56d120a444ba52c595689306d2d8b55b.html
Amid heat waves in Southwest China's Sichuan Province that have caused an ongoing energy shortage, forcing the province to curb industrial power use for more than one week, Sichuan's coal-fired plants have been firing on all cylinders and generating power over designed capacity, as a national effort to combat a rare drought goes into full play.
https://m.21jingji.com/article/20220824/herald/aa65aac185b6a25e04c26fb6d109ae87.html
China’s central bank called on major financial institutions to take the lead in keeping credit growth stable with the nation’s economy at a critical moment.
https://m.21jingji.com/article/20220823/herald/e101ae71f0a463da430fc9d9e7bc1ecb.html
China cuts mortgage reference rates by 15 bps to 4.3% to inject confidence in real estate market.
https://m.21jingji.com/article/20220822/herald/923e630feaf02b9e11d10c9ef69c7ea4.html
Chinese premier Li Keqiang stresses seeking new impetus for recovery and reiterates commitment to opening-up during his visit to Shenzhen.
https://m.21jingji.com/article/20220818/herald/e89295c80ca64dc7296d1c40a1c67050.html
Chinese Premier Li Keqiang called on six provincial level economic powerhouses to take the lead to stabilise the economy, as a greater sense of urgency is needed to strengthen the foundations for recovery, after China's July economic data showed continued recovery but with minor fluctuations.
https://m.21jingji.com/article/20220817/herald/6595b93beb68316a9d7b1a05154e3c72.html
China’s real estate market softened again last month, ending a two-month recovery, as home sales almost halved from June and prices in second- and third-tier cities fell, and national real estate development investment saw a year-on-year decline.
https://m.21jingji.com/article/20220816/herald/0a357a4b6137b2bfb52a4fa5c0ee84e5.html
China released its main economic indicators for July, maintaining growth momentum from June as the world's second-largest economy is on track for a strong economic recovery amid government stimulus, but a lower-than-expected expansion pace signals headwinds linked to global uncertainty and sporadic COVID-19 flare-ups.
https://m.21jingji.com/article/20220815/herald/c47a1cd5e380dfd3859ba79f816fb4e7.html
China’s central bank said inflation may exceed 3% in some months, pledging to avoid massive stimulus and excessive money printing.
https://m.21jingji.com/article/20220811/herald/422890697b9287d032d5a94dc9420aae.html
China’s consumer price index (CPI) hit a two-year high of 2.7 percent year-on-year growth in July amid steady food price rises and seasonable factors.
https://m.21jingji.com/article/20220810/herald/7ba143ba96e8c95b18578281b27638ed.html
China's Ministry of Transport issued draft guidelines that encourage the use of autonomous cars in taxi services under certain conditions, in a move to help accelerate the commercialisation of self-driving vehicles. The ministry said in the draft guidelines that it encourages the use of self-driving vehicles to provide taxi services under simple and relatively controllable conditions.
https://m.21jingji.com/article/20220809/herald/481cc02304a1c8ba1d12b68dd074912c.html
China's foreign trade maintained double-digit growth in July at 16.6% year-on-year, underscoring the resilience of China's giant export machine and bucking market fears of a slowdown due to cooling global consumer demand amid high inflation as well as growing geopolitical uncertainties.
https://m.21jingji.com/article/20220808/herald/f26a189483ae42b4f379b8619e23dcbd.html
Amid the rebound in China's economy and the high temperatures seen globally in recent weeks, China's electricity consumption has been growing rapidly. From July 12 to 15, power use across the country repeatedly hit new highs. On July 15, the highest power load reached 1.26 billion kilowatts, and the daily power generation reached 28.5 billion kilowatt-hours. China’s energy regulator vowed on July 27 to ensure power supply and said it would not cut power during peak usage periods in summer.
https://m.21jingji.com/article/20220728/herald/938100ed07b3049ad6b185cd93ad2532.html
Profits at China's industrial firms bounced back to growth in June, bolstered by the resumption of activity in major manufacturing hubs. Profits in June grew 0.8 percent from a year earlier, rebounding from a 6.5 percent decline in May, helped by a recovery in industrial and supply chains from disruptions caused by the pandemic.
https://m.21jingji.com/article/20220727/herald/91eb6c1d7f239fef8c31dc8a4d662462.html
The 2nd consumer product expo in Hainan offers golden opportunities to global companies and shows China’s stable rebound in consumption.
https://m.21jingji.com/article/20220726/herald/10c19419801fa260ac072708f644887d.html
On July 25, at 10:03 am (Beijing Time), the Shenzhou XIV astronauts opened the hatch door of Wentian, the first lab module of China's space station, and entered the module, according to the China Manned Space Agency. It was the first time the Chinese astronauts had entered the lab module in orbit.
https://m.21jingji.com/article/20220725/herald/c800eac9b1429845e7f6cdf2c4e67d53.html
China has introduced a raft of policies to entice consumers to open up their wallets and help businesses survive and thrive. As the latest example of Chinese cities' efforts to boost spending after a ferocious wave of COVID flare-up, Beijing started a large-scale promotional campaign by issuing about 100 million yuan ($14.83 million) worth of dining consumption coupons to local customers. According to media report, more than 70,000 catering businesses participated in the campaign, including fast food outlets, hotpot restaurants, bakeries, beverage vendors and other shops. Many popular online food delivery platforms like Meituan and ele.me participated in the event too.
https://m.21jingji.com/article/20220722/herald/dca18e4bb8933cf793a85c4bd92769a8.html
Chinese Premier Li Keqiang has ruled out the option of resorting to large-scale stimulus or excessive liquidity in pursuing an overly high target for economic growth this year. Speaking during the World Economic Forum (WEF) Special Virtual Dialogue with Global Business Leaders, Li said that China can accept both a higher or lower economic growth rate, as long as it can maintain relatively sufficient employment and ensure household incomes grow and prices are stable.
https://m.21jingji.com/article/20220721/herald/189dc57c252b805490fada59155cd42d.html
China's industrial output jumped 3.4% annually in the first half of 2022, data from the Ministry of Industry and Information Technology (MIIT) showed on Tuesday. During the January-June period, high-tech manufacturing saw a 9.6-percent increase from the first six months last year, significantly higher than other industries.
https://m.21jingji.com/article/20220720/herald/eaab463fd27027547e554a442a1e9a93.html
Guangdong's major economic indicators achieved positive growth in the first half of the year as a slew of stimulus measures has been implemented, with total GDP expanding 2 percent year-on-year to reach 5.95 trillion yuan.
https://m.21jingji.com/article/20220719/herald/82db9f3d12b53a8db11b0b5784ef2d9f.html
Chinese banking and insurance regulator makes fresh pledge to deal with the risks associated with five rural banks in Henan and Anhui provinces in accordance with laws and regulations, as well as to ensure financial services for the delivery of home projects.
https://m.21jingji.com/article/20220718/herald/9acb8fcfbbf907bd7402809e26c6bf3f.html
China's central bank will make reasonable use of policy tools and further encourage financial institutions to reduce corporate financing costs, and will continue to formulate monetary policy mainly based on domestic factors.
https://m.21jingji.com/article/20220714/herald/2f8c5755c5e372c596e56845d80e8613.html
China's foreign trade recovery continued in the first half of 2022, with the country's total imports and exports expanding 9.4 percent year-on-year, underlying a steady overall economic rebound amid the government's policy package to stabilise the economy while putting COVID-19 flare-ups under control through targeted measures.
https://m.21jingji.com/article/20220713/herald/760686b38d967b0e9fa8d58634a9de2c.html
China's new yuan loans came in at 2.81 trillion yuan ($418.89 billion) in June, beating previous market estimates, central bank data showed on Monday, as a flurry of pro-growth measures were rolled out to anchor the economy toward a brisk turnaround.
https://m.21jingji.com/article/20220712/herald/60f5abddbe9da49d0c262cc196f1d0b4.html
China's June CPI rose 2.5 percent year-on-year, expanding from 2.1 percent in May, but was unchanged month-on-month. Experts said consumer inflation came in slightly higher than market expectations, warning of pressures from rising pork prices, imported inflation risks and a gradual pickup in demand.
https://m.21jingji.com/article/20220711/herald/c6762f0112f337f320fde01394ce2505.html
China is looking to extend a tax exemption for new electric vehicles (NEVs) as part of efforts to encourage car purchases.
https://m.21jingji.com/article/20220707/herald/c02a52f2b82ae2f3bc3af319e4080efc.html
The Bank of China believes the Chinese economy will see improvements in the second half, while the world is facing further slow down and high inflation.
https://m.21jingji.com/article/20220706/herald/6bb80aa347499889acaf026896dd7360.html
China’s top economic planner said it will take measures to prevent rapid pork-price increases when it deems appropriate, following steady gains the past three months for the key component of consumer inflation.
https://m.21jingji.com/article/20220705/herald/2fb5a5952f2f7f92f2623a6b916945da.html
Hong Kong’s stock market is taking a step forward in cross-border integration with its mainland counterparts by inaugurating the trading of exchange-traded funds (ETFs).
Starting on July 4, global fund managers will be able to buy into 83 ETFs with a combined value of about 600 billion yuan on the Shanghai and Shenzhen exchanges through the Stock Connect program. Meanwhile, China’s onshore traders will be able to access four Hong Kong-based products.
https://m.21jingji.com/article/20220704/herald/552418100accc9cadae9ea714c79aa96.html
The ice cream industry in China is growing at a fast pace in recent years. From 2015 to 2021, the market expanded over 90% to 160 billion yuan. Representing the high-end ice cream brands which first show up on the internet, Zhongxuegao sold 800-million-yuan worth of frozen treats in 2021, doubling the sales volume year-on-year. As of May, the industry's rising star has sold out 220 million bars this year.
Over the past years, the increasing price and the booming new releases of ice cream have proved the potential and innovation of the industry in China, as the younger generation are shifting their consumption appetite.
https://m.21jingji.com/article/20220701/herald/13e7741ee6e080a7be363ebf513b194e.html
China’s economic recovery continued in June, with activity in both the manufacturing and services sectors expanding for the first time since February.
https://m.21jingji.com/article/20220630/herald/8781b050677b8105dd51be5f4d7bb09b.html
The PBOC has pledged to step up support for the slowing economy, but analysts say the room to ease policy could be limited by worries about capital outflows, as the US Federal Reserve raises interest rates.
In response to a question about the yuan’s recent depreciation, PBOC’s governor Yi Gang said China has a flexible and market-determined exchange rate system using a basket of currencies as reference. The yuan has strengthened against the US dollar by 25 percent over the past two decades and even more in real terms, he said.
https://m.21jingji.com/article/20220628/herald/6b2091f529fc9cd5aa2a0a59276c0195.html
To encourage summer tourism, nearly 500 scenic spots across China have announced free tickets or discounts for special groups, such as students and medical workers, in a bid to revive tourism, after COVID-19 flare-ups in many Chinese cities were contained.
https://m.21jingji.com/article/20220627/herald/5b47c8c694905615dca91e634a1f5da7.html
The coming July and August have carried the ambition of China's movie industry to recover completely as the accumulated 1.2 billion yuan in June is far behind the total of 7.4 billion yuan in 2021. However, the sign of recovery beginning with Jurassic World 3 has injected confidence into the industry nearly in pause for three months. With more films coming, chances for the summer box office to boom in 2022 remain.
https://m.21jingji.com/article/20220624/herald/ba1ba8601e92892577dc2aca39fb6cd8.html
China is increasing support to boost car consumption. To further unleash the potential of automobile consumption, the government should invigorate the secondhand auto market, support the consumption of new-energy vehicles (NEVs), improve policies on parallel car imports, and support the construction of parking lots.
https://m.21jingji.com/article/20220623/herald/983c715c009278ce2712ff211a312016.html
China's Ministry of Finance and Ministry of Education jointly issued a notice to standardize the management for utilizing the Lottery Public Welfare Fund to support the innovation and entrepreneurship oriented education for college students, as the nation is ramping up efforts to promote youth employment.
https://m.21jingji.com/article/20220622/herald/048de411ea76e5df2f1c836551037536.html
The 14th summit of BRICS, an emerging-market group that includes Brazil, Russia, India, China and South Africa, will be held this week in virtual format under the theme of "Foster High-quality BRICS Partnership, Usher in a New Era for Global Development" under China's chairmanship.
https://m.21jingji.com/article/20220621/herald/779401d7991969819fbaebe0104af111.html
Major Chinese e-commerce platforms have reported record sales during this year's just-ended “618” shopping festival, which ran for the past 18 days and concluded on June 20, shrugging off concerns that consumer demand is "faltering" amid the continuous impact of the epidemic and a decline in retail trade for three months.
https://m.21jingji.com/article/20220620/herald/a1cb206089fa17fe6df3b25ac870c4a9.html
China's home prices continued to fall for a ninth month in May, though the pace of decline slowed, showing a still fragile real estate demand.
https://m.21jingji.com/article/20220616/herald/54c1b06ef62c7a624e650604306bc641.html
China's May industrial production expanded 0.7 percent year-on-year, reversing a drop of 2.9 percent in April, indicating strong signs of rebound and resilience of the world's second-largest economy after Omicron flare-ups dealt a heavier-than-expected blow to major economic activities last month.
https://m.21jingji.com/article/20220615/herald/9f8b25f8f8a9279e11a30047fe8c211d.html
China will establish and improve the transfer payment system and gradually increase the scale of general transfer payments prioritising underdeveloped areas, the guideline said, adding that local governments will appropriately strengthen the construction of education, science and technology research, social security, food security, as well as major infrastructure projects.
https://m.21jingji.com/article/20220614/herald/7642c1257d5afa2ccc4a115071313760.html
The bilingual hosts, provided by the live commerce platform Oriental Selection owned by the New Oriental Education, has recently gained popularity with more than 1.3 million fans participating in three days, making live-streaming with cultural connotations a trend in China.
https://m.21jingji.com/article/20220613/herald/d30f201339630d337dee50c6545ec388.html
After a period far beat market expectations, China's export growth rate is to reach 16.9 percent in May amid the waning impact of the pandemic on logistics, production and custom clearance. In May, China's exports stood at $308.25 billion, up by 16.9 percent on a yearly basis, significantly rebounding from the 3.9 percent growth rate in April.
https://m.21jingji.com/article/20220609/herald/5c6883513a0fb23b00841967acbfd6fa.html
China's foreign exchange reserve rose in May after a four-month decline, as the values of financial assets in major countries stayed mixed with the US Dollar Index falling slightly, but the long-term solid fundamentals of the Chinese economy will continue to support the overall stability of the nation's foreign exchange reserve.
https://m.21jingji.com/article/20220608/herald/72ab90ed1849f37b9717c6e7cda09b40.html
China's national college entrance examination, or gaokao, was held on June 7 and 8 on hot summer days. This year also marks the 45th anniversary of the resumption of the gaokao system. The number of examinees of gaokao hit a record high in 2022. According to the Ministry of Education, the number of applicants for this year’s national college entrance exam has reached 11.93 million, an increase of 1.15 million over last year, or up by over 10 percent.
https://m.21jingji.com/article/20220607/herald/b63b5b32d62cf80f24fa1300509a45bd.html
China raked in 25.82 billion yuan in revenue from domestic tourism during the Dragon Boat Festival holiday.
https://m.21jingji.com/article/20220606/herald/3a851686fc9864e3e219ee4b838b9805.html
Chinese provinces resume inter-provincial group tours ahead of holiday to boost tourism.
https://m.21jingji.com/article/20220602/herald/b1e668444e698bfdeb4d9275c6abed44.html
Shanghai fully restores the normal order of production and living across the city starting today. Shopping malls, convenience stores, pharmacies and other commercial outlets are resuming offline business in an orderly manner, with the total visitor flow capped at 75 percent of the maximum capacity. The same requirements also being implemented at cultural and tourism venues, stadiums and A-level tourist attractions.
https://m.21jingji.com/article/20220601/herald/d0b9de97d37337e1f7cd55a7d701359c.html
China's cabinet released 33 measures including increasing government procurement support for small and medium-sized enterprises, enhancing the support of financial institutions for infrastructure construction and major projects and promoting bulk consumption such as automobiles and home appliances, vowing to stabilize the national economy during the second quarter.
https://m.21jingji.com/article/20220531/herald/cdb736ea1aa962bdad7b10d1e9e1b6a0.html
Shanghai authorities sent a clear signal of economic stabilisation by rolling out a total of 50 stimulus measures to support the local economy, with a focus on business resumption and employment stabilisation, as the city inches toward a full recovery from the most severe COVID-19 outbreak.
https://m.21jingji.com/article/20220530/herald/4edbb4fc5c49542737a840e6dad4a8f7.html
Chinese Premier urged local governments to seize the time window and bring economy back on track at an unprecedented meeting.
https://m.21jingji.com/article/20220527/herald/b112962e3e35f61598687873f4ed9a47.html
Chinese authorities have pledged to increase credit issuance and enhance financial support for key businesses and fields as the economy’s downward pressure continues to increase and market entities are struggling.
https://m.21jingji.com/article/20220525/herald/86392a8dafb293ba68984090e44a4697.html
China rolled out a broad package of 33 measures to support businesses and stimulate demand, as it seeks to ensure that the economy returns to a normal track and offset the damage from Covid lockdowns.
http://www.21jingji.com/article/20220524/herald/854cba89400dd230ea3ca8f1585c9aee.html
China's stable economic growth is of great significance to global recovery, and "what happens in China, of course, has (a) huge impact on the rest of the world, and vice versa," World Economic Forum (WEF) President Borge Brende said in a recent interview.
http://www.21jingji.com/article/20220523/herald/273846f0ab2b11029c94f01c31b28fac.html
Chinese Premier Li Keqiang called on local officials to increase the sense of urgency and take as many feasible new measures as possible in May to keep the economy operating in a reasonable range, during a meeting in southwest China's Yunnan Province on Wednesday, while vowing that the country will safeguard employment and people's livelihood by means of stabilizing market entities.
https://m.21jingji.com/article/20220519/herald/40bd38097d24eb4907316431bcbd3ebb.html
China will support the sound and sustainable development of the digital economy and support digital enterprises to list in domestic and overseas capital markets, offering a major boost for internet companies that are facing a complex development environment.
http://www.21jingji.com/article/20220519/herald/3b799ff6653aa91d11194ac470c60855.html
A total of 36 Chinese cities introduced policies to support the property market within the first 15 days in May, according to incomplete statistics, indicative of policy relaxation to shore up home sales.
https://m.21jingji.com/article/20220517/herald/26548565979c9d33cc18635bf77a40b9.html
China's April industrial production contracted by 2.9 percent year-on-year, while retail sales were down 11.1 percent, as effects of Omicron flareups' disruptions on the economy further deteriorated.
https://m.21jingji.com/article/20220516/herald/768d6c4746288a187687bcadfbb66d40.html
China’s economic growth hit 114 trillion yuan last year, while CO2 emissions per unit of GDP fell by 34 percent over the past decade.
https://m.21jingji.com/article/20220512/herald/a5c837a5eeb0b0e8ea52fe649aa05d35.html
China’s central bank vows to use multiple policy tools and prioritise stability in complex and uncertain environment. All monetary policy tools will be leveraged to keep reasonable and ample liquidity, and to strengthen the stability of growth in credit, the bank said, adding that it will maintain the basic stability of the macro leverage ratio.
https://m.21jingji.com/article/20220510/herald/70bc8ca1f173c9c4bcd95abd6adaf7bc.html
China’s exports sector grew 3.9 percent on a yearly basis to stand at $274 billion in April, the lowest level since July 2020, as a wave of coronavirus outbreaks in multiple Chinese cities weighed on the sector.
https://m.21jingji.com/article/20220509/herald/fc40f5ccf6895607b1d435ecc9966e3c.html
China mapped out a slew of measures to relieve difficulties for micro enterprises and individual businesses, as well as help export companies to cope with challenges, meanwhile authorities also vowed to stick to the zero-COVID policy.
https://m.21jingji.com/article/20220506/herald/e47e679b205010faacdfa0aedf10d2e1.html
China's domestic tourism market has seen a new trend in customer behaviour, with a change from trans-provincial travel to short community-based trips, as epidemic prevention and control entered a new phase during the five-day Labor Day holiday.
https://m.21jingji.com/article/20220505/herald/ca255a05d263c07e7b7693a819e3f8fc.html
China will keep employment stable by supporting market entities and boost job creation since college graduates face shrinking jobs as ministry estimates over 10 million will hit market in 2022.
https://m.21jingji.com/article/20220428/herald/919894d9f2a55242c91227b452cedcdb.html
Stocks in the infrastructure sector shot up on 28th April with a few hitting the daily limit-up, as a top financial meeting on Tuesday stressed that China will put more efforts to strengthen the construction of infrastructure to lead industrial development.
https://m.21jingji.com/article/20220427/herald/2033f97e957e9da436b0dbf6324e9013.html
The People's Bank of China (PBC) on Monday evening announced to cut foreign exchange reserve requirement ratio(RRR) for financial institutions by 1 percentage points to 8 percent amid the yuan' accelerated depreciation. According to the central bank, the cut intended to shore up the capacity of financial institutions to use foreign exchange funds, will take effect on May 15.
https://m.21jingji.com/article/20220426/herald/6bfb5d368f8301226f59b56ec7210661.html
China’s economic powerhouse Guangdong posts slower but generally steady growth in GDP in Q1. Guangdong's GDP reached 2.85 trillion yuan in the first quarter, up 3.3% year-on-year.
https://m.21jingji.com/article/20220425/herald/327f0496fe73f689952c439c0874911b.html
Technology is helping with COVID-19 prevention and control. And apart from having nucleic acid tests, Chinese residents can now conduct COVID-19 testing at home with antigen test kits. It only takes 15-20 minutes to get a result, which makes early-phase detection of the virus much easier. Singapore has rolled out mobile apps to alert individuals when an infected person was present in their immediate vicinity. And in the UK, an app recording proximity events between app users make it possible for people to be notified instantly when their recent contacts test positive for COVID-19. A study published on Nature shows that a large number of cases were averted by the app.
https://m.21jingji.com/article/20220422/herald/cc988be4645375ee183b598e1966be29.html
China will soon enter a new era of "private pensions”, which is set to complement the nation's current pension system in its latest effort to tackle the strains of an ageing population. The new mechanism allows Chinese citizens to contribute up to 12,000 yuan (about $1,872) annually to individual pension accounts.
https://m.21jingji.com/article/20220421/herald/e6f07883317cc959e38072dde2296f7c.html
China has recently launched the first batch of 666 Shanghai firms that are eligible for resumption, many of which are in the manufacturing sector, such as carmakers, chip producers and pharmaceutical firms. Manufacturing firms have started to resume production despite the strict COVID-19 control measures in the city.
https://m.21jingji.com/article/20220420/herald/07dab404a9b5d856178ebf04e39d9bc7.html
China will increase financial support for industries, enterprises and people affected by the epidemic, guide financial institutions to expand the scale of loans and make appropriate interest concessions to the real economy, and better deploy inclusive financing for micro and small firms.
https://m.21jingji.com/article/20220419/herald/d3e5b5ef9964ad19666c28afee714f9f.html
China's first-quarter GDP expanded 4.8 percent to reach 27 trillion yuan compared to a year ago amid pressures from a more complicated and grimmer international environment and a resurgent of COVID-19 cases.
https://m.21jingji.com/article/20220418/herald/9d190a65bc6bf5a042a269adbb2dc196.html
China has developed the app "National Anti-fraud Center," which is designed to remind users of suspected fraudulent activities in various forms, including phone calls, text messages, or dubious apps and websites. It also offers a convenient reporting service in case users get involved in suspicious activities in their daily life. Dozens of anti-fraud lectures are also included in the app. Since its launch in mid-March 2021, the app has quickly become one of the most downloaded free apps in Apple’s App Store in China.
https://m.21jingji.com/article/20220415/herald/b29ea0e7d2da46f191f5ba8812357aeb.html
China will use policy tools, including RRR cuts in a timely way, to support the real economy, especially industries and small firms hit by the COVID-19 pandemic, and will lower financing costs, according to the State Council's Executive Meeting chaired by Premier Li Keqiang.
https://m.21jingji.com/article/20220414/herald/df90f58d41b70cc9a2a32bf947155bdd.html
China granted provinces their full allocation of special bonds to be used for infrastructure investment, an effort to step up stimulus to boost an economy overshadowed by a worsening Covid-19 outbreak. The issuance of local-government special bonds has progressed much faster and is more advanced this year than in previous years.
https://m.21jingji.com/article/20220413/herald/cff04fc5366921ca3e8faade1bafbc32.html
As part of the measures advocated to steady businesses’ expectations, China pledged to support financing of privately run firms through listings, mergers and acquisitions, and improve the supportive mechanism for private firms to issue bonds. The proposition vows to support listed real estate companies to actively transform to a new development model according to the law and regulations, strengthen their own risk management, and promote the virtuous cycle and healthy development of the industry.
https://m.21jingji.com/article/20220412/herald/c5ae13ce6acb7ab9ee35342982db5271.html
China unveiled guidelines for accelerating the building of a unified national market, envisioning breaking local protection and market fragmentation and unblocking key sticking points that weigh on economic circulation, as part of a wide-ranging push for an effectively regulated, fairly competitive and fully open market across the country. The new guidelines issued by the Communist Party of China (CPC) Central Committee and the State Council, set out to further unify the basic systems and rules, including those for property rights protection, market access, fair competition and social credit.
https://m.21jingji.com/article/20220411/herald/845266fa2d2fca1cb187b89c61e7b28f.html
China has approved the production of the first domestically made vaccine against HPV at the end of 2019, before which the high prices and limited supply of imported vaccines remained a burden for many in the country. China has become the third country globally to achieve an independent cervical cancer vaccine supply. In terms of safety and efficiency, the effects of domestic vaccines are comparable to imported ones, but they cost much less.
https://m.21jingji.com/article/20220408/herald/885478b7987fa746a1b29048a3974c99.html
With the resurgence of COVID-19 outbreaks across China since March weighing on the outlook for economic growth, China called for more robust fiscal and monetary support and other measures to help affected businesses and stabilise economic operations.
https://m.21jingji.com/article/20220407/herald/214c82cb0309185855751f722f172a16.html
A total of 75.42 million domestic trips were made over the Qingming Festival, down 26.2 percent year-on-year, or 68 percent of the 2019 level. More Chinese consumers are choosing to spend Qingming Festival in their local cities to get up close and personal with nature in spring as COVID-19 cases spiralled in the country.
https://m.21jingji.com/article/20220406/herald/7d1f6581dcd8664a03bc9d78b1b4f4d5.html
As the booming “She Economy” sweeps across the car industry, the past two years have seen an upward trend in the number of female drivers. In 2021, the number of licensed drivers in China jumped to 481 million, with female drivers accounting for 34 percent, statistics released by the Ministry of Public Security earlier this year showed. The number of female motorists is increasing rapidly by about 13 million each year, or at a pace of nearly 10 percent since 2017, much faster than that of males at merely 3.9 percent. The emergence of women drivers is reshaping the automotive industry.
https://m.21jingji.com/article/20220402/herald/cafa8159f115106770be30464b39563c.html
The CSRC said China and US are both willing to solve audit dispute but wisdom is needed, after five more Chinese firms face delisting risk.
https://m.21jingji.com/article/20220401/herald/2ea86df4b0d5c5f5e70d9492058b9f29.html
China will make the most of government bonds to expand effective investment, enhance development momentum and promote steady economic growth. Under the principle of keeping the macro leverage ratio generally stable, 3.65 trillion yuan of special-purpose bonds for local governments will be newly allocated for this year. In a bid to strengthen cross-cyclical adjustment, an advance quota worth 1.46 trillion yuan had been disbursed at the end of last year.
https://m.21jingji.com/article/20220331/herald/b69f86a4bf4d039f40ef2a76cce00fe4.html
China plans to increase its energy supply and further increase the share of non-fossil fuel in total energy consumption in 2022 by approving high-caliber coal mines with advanced production capacity, and promote construction of wind, solar, hydro and nuclear power projects.
https://m.21jingji.com/article/20220330/herald/666ff08453a8c71136483cebaf1720e3.html
In 2022, small and micro-sized service enterprises and individual businesses that are located in the medium and high risk areas of the epidemic who rent property from centrally-administered state-owned enterprises (SOEs) will be exempted from rent for six months in the year, with rent in other areas reduced for three months, according to a circular issued on Monday by China's state-asset regulator - the State-owned Assets Supervision and Administration Commission (SASAC).
https://m.21jingji.com/article/20220329/herald/383eafe3958ba4d2cc880903a1986df5.html
Shanghai Stock Exchange opened normally on Monday, as China’s financial centre is under partial lockdown. A full lockdown will be imposed on Shanghai's Pudong and Puxi in turn for a new round of citywide nucleic acid testing from Monday morning, the city government announced on Sunday night, as daily new infection numbers have climbed since the city's worst outbreak started early this month.
https://m.21jingji.com/article/20220328/herald/fd9b7bfdf89d4bbd048231eef0f61faf.html
China held a second space lecture for audiences worldwide on March 23. Taikonauts Zhai Zhigang, Wang Yaping and Ye Guangfu conducted several experiments from China's space station "Tiangong," including the crystallization of sodium acetate.
https://m.21jingji.com/article/20220325/herald/75390d225e369cf0348128a7a25abd47.html