China Business NOW

Hello! Welcome to the new CBN Perspective. I’m Stephanie Li. Roughly a week before this year's Spring Festival, Chinese AI startup DeepSeek released its latest open-source model R1, which boasts a technological breakthrough in leveraging pure deep learning methods to allow AI to spontaneously emerge with reasoning capabilities.  The surge of DeepSeek, a two-year-old Hangzhou-based startup cre...

Hi everyone. I’m Stephanie LI. Coming up on today’s program An increasing number of Chinese localities and enterprises adopt DeepSeek as application of AI accelerates in China; China's market regulators issue three-year action plan to optimize consumption climate, eliminating scams and price gouging. Here’s what you need to know about China in the past 24 hours The day has finally arrived when we...

Hi everyone. I’m Stephanie LI. Coming up on today’s program The NDRC vows to widen market access for the private sector after a high-profile symposium held in Beijing; China's NEV output and sales surged in January. Here’s what you need to know about China in the past 24 hours  China's top economic planner, the National Development and Reform Commission (NDRC), on Tuesday pledged to further r...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Control of four Chinese financial institutions is set to be transferred to Central Huijin Investment; "Ne Zha 2" joins all-time global box office top 10. Here’s what you need to know about China in the past 24 hours The A-share market rose on Monday as news that Central Huijin Investment, an arm of China's sovereign wealth fund, is set to...

Hello! Welcome to this edition of CBN Friday Special. I’m Stephanie Li. During the just ended Spring Festival, many people may find a noticeable increase of foreign visitors in China, exploring cultural heritage sites as they experience the quintessential beauty and depth of Chinese culture.  Folk dances in southern China, puppet shows in the east, and festive temple fairs across the country,...

Hi everyone. I’m Stephanie LI. Coming up on today’s program “Ne Zha 2” breaks into global top 18, nearing 10 billion yuan milestone; Alibaba confirmed partnership with Apple to bring AI function for iPhone. Here’s what you need to know about China in the past 24 hours  China's box office sensation “Ne Zha 2” is rewriting cinematic history, storming into the global all-time top 18 just 16 days...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Foreign-funded institutions are bullish on Chinese assets, following a rally driven by DeepSeek; China's improved Long March-8 carrier rocket makes maiden flight. Here’s what you need to know about China in the past 24 hours  As China's scientific and technological innovation results have exceeded expectations, the "weight" of Chines...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China plans to tap in “silver economy” with trains designed for elderly tourists; Tesla battery Megafactory in Shanghai launches production. Here’s what you need to know about China in the past 24 hours  China plans to roll out a network of tourist trains equipped with medical and elder-care facilities as part of its efforts to creat...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China's CPI sees moderate growth in January due to holiday spending and expanded trade-in program; ASEAN tour groups can visit Xishuangbanna visa-free. Here’s what you need to know about China in the past 24 hours  China's consumer price index (CPI) rose by 0.5 percent year-on-year in January, up from a 0.1-percent increase in Decemb...

Hello! Welcome to this edition of CBN Friday Special. I’m Stephanie Li. It's still pretty early into 2025, but we have already witnessed a few record-breaking moments in Chinese film history. China's 2025 Spring Festival box office has surpassed 11 billion yuan as of Thursday (including revenue after the 8-day holiday), ranking first globally – a landmark achievement for Chinese film industry. Des...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Major provinces held first meetings after the holidays, focusing on developing new quality productive forces and improving business environment; "Ne Zha 2" becomes China's all-time top-grossing film. Here’s what you need to know about China in the past 24 hours  Multiple provincial-level regions across China have identified boosting...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Spring Festival gave travel and consumption strong boost as 8-day holiday ends; China imposes additional tariffs on certain U.S. products starting from Feb. 10 Here’s what you need to know about China in the past 24 hours As China wraps up its 8-day Spring Festival holiday celebrating the start of the Year of the Snake, the world's second...

Hello! Welcome to this edition of CBN Friday Special. I’m Stephanie Li. Lately, if you go on a citywalk in Shanghai, you're bound to run into Korean tourists. Shanghai, China’s top-tier megacity, has recently become one of the most popular destinations for South Korean sightseers. From groups of young women posing in front of Cinderella's castle at Shanghai Disneyland to families visiting the fest...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China rolls out medium- and long-term investment plan, with state-owned insurers to invest 30% of new premiums in A-shares from 2025; Guangzhou Baiyun International Airport becomes first in the GBA to have four runways. Here’s what you need to know about China in the past 24 hours  Multiple Chinese government departments, including t...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Chinese vice-premier urged the world to uphold multilateralism at Davos; China’s domestic tourist trips top 5.6 billion in 2024, generating 5.75 trillion yuan in revenue. Here’s what you need to know about China in the past 24 hours  Chinese Vice-Premier Ding Xuexiang delivered a speech at the World Economic Forum in Davos,...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Most Chinese provinces set GDP growth targets of above 5% for 2025; Over 200 million train tickets have been sold for 2025 Spring Festival travel rush. Here’s what you need to know about China in the past 24 hours  Almost all of China’s 31 provincial-level regions have given economic growth goals of 5 percent or higher for this year,...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China's 2025 film market off to strong start with over 200 million yuan in pre-sales; Hong Kong FDI inflows hit record high in 2024. Here’s what you need to know about China in the past 24 hours  China's advanced ticket bookings for movies set to be released during the upcoming Spring Festival holiday have reached 200 million yuan as...

If you’re a regular user on Chinese lifestyle sharing app Xiaohongshu, you might be baffled with a flood of English-language content, which only happened overnight.  Thousands of self-proclaimed “TikTok refugees” are flocking to Xiaohongshu, or RedNote by US users, which surged to the top position on Apple’s US App Store on Tuesday, as TikTok faces a potential ban in the US.  Data resear...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Chinese localities roll out 2025 plans, with new quality productive forces in focus to fuel economic growth; China's trade-in program boosts consumer goods sales by over 1.3 trillion yuan. Here’s what you need to know about China in the past 24 hours  Chinese provinces and cities, especially economic powerhouses, have rolled out thei...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China’s new bank loans in December beat forecasts as government support kicks in; Guangdong targets 2025 GDP growth of around 5%. Here’s what you need to know about China in the past 24 hours Chinese banks extended 990 billion yuan in new yuan loans in December, up from November and outpacing analysts’ forecasts as government stimulus mea...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Spring Festival travel rush begins with record 9 billion trips expected; China's NEV production and sales surpass 12 million each, leading globally in 2024 for the 10th year. Here’s what you need to know about China in the past 24 hours  As the Spring Festival draws near, Chinese travelers packed into cars, trains and planes on Tuesd...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China will allocate more forex to assets in Hong Kong, PBOC chief says at the Asian Financial Forum; China's foreign trade hits new high in 2024. Here’s what you need to know about China in the past 24 hours  China will significantly increase the proportion of the its foreign exchange reserves allocated to assets in Hong Kong, said P...

China's film industry closed 2024 with a total box office revenue of 42.5 billion yuan, according to data from the National Film Administration. Compared with 2023's 54.9 billion yuan, box office revenue has slumped by almost a quarter. Of that, box office revenue of domestic films totaled 33.44 billion yuan, plunging 27.3% from 46 billion yuan in 2023. The year was a roller-coaster ride, starting...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China’s December CPI rises 0.1% year-on-year, while PPI down 2.3%; PBOC will issue bills worth 60 billion yuan in Hong Kong on Jan 15. Here’s what you need to know about China in the past 24 hours  China's consumer prices increased modestly in December while factory-gate prices saw a slowdown in annual declines, official data showed...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China will boost funds from treasury bonds to support trade-in program; More than 3,600 global business leaders are attending Asian Financial Forum in HK next week. Here’s what you need to know about China in the past 24 hours  China will expand the scope of consumer goods trade-in program, and increase funding support for equipment...