China Business NOW

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -China issues draft guidelines to encourage use of autonomous cars in taxi sector; -China's passenger car sales soar in July as supply chain improves. Here’s what you need to know about China in the past 24 hours   中国经济要闻 The Ministry of Transport on Monday issued draft guidelines that...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -China’s foreign trade expanded 16.6% in July, while forex reserves also rose on accelerating exports; -Hainan’s Sanya was put under “static management” amid Covid outbreak, stranding more than 80,000 tourists. Here’s what you need to know about China in the past 24 hours   中国经济要闻 Chin...

S: Hi everyone. Welcome to CBN Friday Special. I’m Stephanie LI.  K: Hi, I’m Kathy. S: Hey Kathy. Did you watch the launch of Wentian lab module on Sunday? What a magnificent spectacle, also an exiting moment for all Chinese people.  K: Of course. China launched the second of three modules to its permanent space station over last weekend, in one of the final missions needed to complete t...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -Chinese industrial enterprises’ profits in H1 2022 hit 4.27 trillion yuan, up 1% year-on-year; -IMF lowers global economy growth forecast to 3.2%. Here’s what you need to know about China in the past 24 hours   中国经济要闻 Profits at China's industrial firms bounced back to growth in June,...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -The 2nd consumer product expo in Hainan offers golden opportunities to global companies and shows China’s stable rebound in consumption; -Alibaba seeks dual-primary listing in Hong Kong.  Here’s what you need to know about China in the past 24 hours  中国经济要闻 The second China Inter...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -Shenzhou 14 crew entered the newly-launched Wentian space lab this morning; -China will expand cash-pooling pilot program for multinational companies. Here’s what you need to know about China in the past 24 hours  中国经济要闻 On Monday at 10:03 am (Beijing Time), the Shenzhou XIV astronaut...

S: Hi everyone. Welcome to CBN Friday Special. I’m Stephanie LI. J: And I’m Jenny.  S: Hey Jenny, summer is here. It's the best time in the year to grab a beer at night and sit outside with a platter of crayfish. J: Yeah. For many in China, crayfish is a delicacy during the summer time, but the COVID-19 outbreak in Shanghai this spring affected the crayfish supply chain again. And not only ha...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -Premier Li rules out large-scale stimulus, while vowing to stay committed to high level opening-up; -Didi Global was fined 8 billion yuan for breaking data security laws by Chinese regulator. Here’s what you need to know about China in the past 24 hours  中国经济要闻 Chinese Premier Li Keqi...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -China’s industrial added value up 3.4% in H1, marking stable recovery as epidemic eased; -The central bank keeps lending benchmark LPR unchanged in July as interest rates stay low. Here’s what you need to know about China in the past 24 hours  中国经济要闻 China's industrial activities are...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up  on today’s program. 重点提要  - Guangdong’s economy expanded 2 percent in the first half with major indicators registering positive changes; - Chinese banks shrank gold and silver product offerings, while global gold price hit a 10-month low. Here’s what you need to know about China in the past 24 hours  中国经济要...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -Chinese banking and insurance regulator makes fresh pledge to deal with rural banks and default mortgage risks; -Heat wave in China is expected to linger for several more weeks. Here’s what you need to know about China in the past 24 hours  中国经济要闻 China's banking and insurance regulat...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 It’s a big day for Chinese economy today, as the world’s second largest economy officially releases economic performance in the first half of the year.  Now let’s dig into the numbers. China's economy grew by 2.5 percent in the first half of 2022 , the National Bureau of Statistics said on Friday. Figures released by the NBS showed&nbs...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -China's central bank will step up policy support for economy, and liquidity is more than “reasonably ample”; -The cabinet called for efforts to stabilise the job market. Here’s what you need to know about China in the past 24 hours   中国经济要闻 China will keep monetary conditions accommod...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -China’s foreign trade showed strong resilience in the first half, with imports and exports growing by 9.4 percent; -The aviation market rebounds with daily flights hitting 12,000 on back of government support. Here’s what you need to know about China in the past 24 hours  中国经济要闻 China...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -China records higher new yuan-denominated loans and  accelerating M2 growth for June amid policy supports; -The NDRC relaxes hukou restrictions in small and medium-size cities. Here’s what you need to know about China in the past 24 hours  中国经济要闻 China's new yuan loans came in at...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -China’s consumer inflation in June came in slightly higher than expected as fuel and pork prices soared; -Anti-monopoly watchdog fines Alibaba and Tencent 500,000 yuan each for failing to report deals. Here’s what you need to know about China in the past 24 hours  中国经济要闻 China's consu...

S: Hi everyone. Welcome to CBN Friday Special. I’m Stephanie LI.  T: Hi, I’m Themis. S: Hey Themis. The summer vacation is coming. Do you have any travel plans? T: Sure. I have been longing to head for the picturesque city of Dali of Yunnan Province in southwestern China but failed to book a hotel room for this weekend because reservations were nearly full.  S: Yeah, it seems that China'...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  - China issues measures to expand auto consumption, hints at extension of NEV purchase tax exemption; - Latest Beijing and Xi’an outbreaks are found to be caused by imported Omicron sub-variant BA.5.  Here’s what you need to know about China in the past 24 hours  中国经济要闻 China is l...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -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;  -China mulls releasing pork from state reserves. Here’s what you need to know about China in the past 24 hours  中国经济要闻 China's...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -China’s economic planner intends to prevent a pork price surge, as the meat has climbed 28% at wholesale level since mid-March; -Chinese and U.S. senior officials hold video talk on economic issues. Here’s what you need to know about China in the past 24 hours  中国经济要闻 China’s top econ...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -Financial authorities from both the mainland and Hong Kong  announced the launch of Swap Connect in 6 months, while the inclusion of ETFs into Stock Connect takes effect today; -A new round of Covid-19 flare-ups hit Yangtze River Delta.  Here’s what you need to know about China in the...

S: Hi everyone. Welcome to CBN Friday Special. I’m Stephanie LI. T: And I’m Themis. S: Themis, it is burning hot today, shall we go get some ice cream for a little treat? T: Good idea. Just a heads-up, you might need to be prepared for some changes, because popsicles now cost 10 yuan or above. S: Oh, indeed. Last time I went to a convenient store, I could hardly find any ice cream pricing 3 yuan o...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -China’s June factory and service activities bounce back to expansion territory for the first time in four months; -Price hike of domestic fuel prices will be suspended if global oil prices go over $130. Here’s what you need to know about China in the past 24 hours  中国经济要闻 China’s econ...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -An NDRC official said China has full confidence in overcoming difficulties, in response to a question on the country's 5.5-percent GDP growth target; -The first batch of ETFs to be included in the Hong Kong-mainland Stock Connect program will start trading on July 4. Here’s what you need to know...

Hi everyone. I’m Stephanie LI. 大家好，我是主持人李莹亮。 Coming up on today’s program. 重点提要  -PBOC's governor pledged to accommodate monetary policy to support economic recovery; -China changes Covid-19 quarantine rules in first step towards easing border controls. Here’s what you need to know about China in the past 24 hours  中国经济要闻 The People’s Bank of China (PBOC) pledged t...