China Business NOW

Hi everyone. I’m Stephanie LI. Coming up on today’s program The NDRC urges local governments to increase cross-regional market connectivity; Chinese tech giants refute US “Section 1260H” list inclusion. Here’s what you need to know about China in the past 24 hours  China’s state economic planner asked all local governments to act under the same standards to eliminate cross-regional restrictio...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Record-breaking travel reveals China's strengthened economic vitality; China's central bank will issue the biggest batch of offshore yuan bills to defend exchange rate. Here’s what you need to know about China in the past 24 hours  China witnessed a remarkable surge in both rail and air travel in 2024, fueled by vigorous economic act...

Do you remember the heartwarming story of the “Little Clementines” from Guangxi who ventured into the snowy realms of Harbin, Heilongjiang earlier this year?  Dressed in their vibrant orange jackets, these southern children, known for their region’s famous citrus fruit, captured the hearts of the internet as they experienced the magic of snow and the warmth of the Northeastern hospitality.&nb...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Hotel searches for Japan soar after introducing 10-year visas for Chinese tourists; China revises up 2023 GDP to 129.4 trillion yuan. Here’s what you need to know about China in the past 24 hours  Chinese tourists' searches for Japanese accommodations have tripled following an agreement between the two nations to strengthen bilateral...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China will implement a more proactive fiscal policy to boost demand and living standards next year; Central SOEs invest 2 trillion yuan in emerging industries in first 11 months. Here’s what you need to know about China in the past 24 hours  China's Ministry of Finance unveiled plans to implement a more proactive fiscal policy in 202...

Hi everyone. I’m Stephanie LI. Coming up on today’s program GBA’s economic scale surpassed those of New York and San Francisco Bay areas; China is set to raise deficit-to-GDP ratio and expand government bond issuance in 2025. Here’s what you need to know about China in the past 24 hours  A blue book on the development of the Guangdong-Hong Kong-Macao Greater Area (GBA) released on Monday indi...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China mulls first law to protect the private sector; CSRC lifts Hong Kong MRFs quota to 80%. Here’s what you need to know about China in the past 24 hours Chinese lawmakers are deliberating a draft of the country's first law specifically focusing on the private sector's development and protection, aiming to bolster the private economy thr...

Today marks the 25th anniversary of Macao’s return to the motherland. The city is brimming with cheerful vibes, with anniversary-themed posters and floral decorations adorning popular sites such as the Ruins of St. Paul's, while national flags and Macao SAR flags flutter along the streets. On December 20th, 1999, after more than 400 years of storms, Macao finally returned to the embrace of its mot...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Trade between Chinese mainland and Macao SAR increases 4.3 times in 24 years from 1999; GBA spearheads China’s “unicorn" growth. Greater Bay Area, Greater future Economic and trade relations between the Chinese mainland and Macao SAR are growing stronger, the Ministry of Commerce said on Thursday just before the 25th anniversary of Macao’...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China extends visa-free transit stays to 10 days; China's air-passenger transport hits record high in 2024. Here’s what you need to know about China in the past 24 hours  China has tripled the amount of time visitors can spend in the country without a visa in yet another move to entice more foreign tourists. The National Administrati...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China’s economy remains on trajectory of steady recovery in November; Home prices decline narrows in China’s major cities. Here’s what you need to know about China in the past 24 hours  China's economy continued to recover steadily in November thanks to the synergy created by existing supportive policies and the incremental roll-out...

In setting priorities for its economic policy for 2025, China is emphasizing the need to adopt a moderately loose monetary policy next year, including the rollout of rate cuts and cuts in the reserve requirement ratio at an appropriate time to ensure ample liquidity The nation's policymakers set the policy agenda for the world's second-largest economy at the annual Central Economic Work Conference...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China’s private pension system is being rolled out nationwide; Double 12 shopping festival is set to boost consumption with trade-in policies. Here’s what you need to know about China in the past 24 hours  China said on Thursday it would expand a private pension scheme nationwide from December 15, following a pilot effort, as it move...

Coming up on today’s program Trade-in program continues to boost consumption with 5 million applications for autos; Huangmao Sea Channel Bridge, western extension of the Hong Kong-Zhuhai-Macao Bridge, opens to traffic. Here’s what you need to know about China in the past 24 hours  China's trade-in program targeting automobiles is progressing steadily with policy effects accelerating, as combi...

Coming up on today’s program China's foreign trade grew 4.9% in the first 11 months, sustaining stable growth; CPC leadership meeting stressed the need to boost fiscal and monetary policies in 2025. Here’s what you need to know about China in the past 24 hours  China's foreign trade of goods increased by 4.9 percent year-on-year to reach 39.79 trillion yuan ($5.49 trillion) in the first 11 mo...

Coming up on today’s program China's consumer prices steadied in November due to stronger consumer confidence; Revenue from home appliances under China’s trade-in program exceeded 200 billion yuan. Here’s what you need to know about China in the past 24 hours  China's consumer prices saw a modest growth in November compared to a year earlier, while the economy has sustained the recovery momen...

Hi, I am Stephanie Li. Thank you for joining this episode of CBN special.  Albert Einstein once said, “Creativity is intelligence having fun.”  When you speak with a researcher, a scientist, a professor, or a university chancellor, how often do you think the word “fun” would come up in the conversation? Seldom, or even zero, I would assume. But Sharon Hu, our correspondent in Guangzhou,...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China's 2024 box office reached 40 billion yuan, showcasing market resilience; China is set to see 100,000 eVTOLs for taxi and personal use by 2030. Here’s what you need to know about China in the past 24 hours  China's 2024 box office revenue reached 40 billion yuan as of Wednesday, according to film data platform Maoyan. While this...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Top officials and global executives call for global supply chain stability at supply chain expo; Profits of China’s major industrial enterprises improve in October. Here’s what you need to know about China in the past 24 hours  Maintaining the stability of global supply chains is essential for addressing challenges confronting busine...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Guangdong and Hong Kong forge closer ties in an investment conference; The second China International Supply Chain Expo kicks off today. Here’s what you need to know about China in the past 24 hours  Guangdong and Hong Kong secured collaboration on projects valued at 100 billion yuan after a high-profile meeting on Monday between sen...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Nvidia CEO Jensen Huang said China can beat AI rivals with Greater Bay Area edge; China extends unilateral visa-free policy to Japan and eight European countries. Here’s what you need to know about China in the past 24 hours  Jensen Huang, the founder and chief executive of chip manufacturer Nvidia, voiced his strong confidence in Ho...

This week marks the 50th anniversary of diplomatic relations between China and Brazil.   The commemoration comes with a groundbreaking announcement: The two countries have elevated their ties to a China-Brazil community with a shared future for a more just world and a more sustainable planet, and agreed to align the Belt and Road Initiative (BRI) with Brazil's development strategies. China an...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China's stock buyback loan program reaches 35.2 billion yuan in one month; Hong Kong outlined plans for the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone. Here’s what you need to know about China in the past 24 hours  Chinese listed companies have secured 35.2 billion yuan in loans through the country's...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Hong Kong kicks off its annual flagship financial summit with the largest mainland delegation; Guangzhou becomes the first tier-1 city to grant permanent residency to homebuyers. Here’s what you need to know about China in the past 24 hours Chinese Vice-Premier He Lifeng has urged Hong Kong to go big on reforms to foster development while...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Asia-Pacific summit closes in Peru with members calling for effective multilateral cooperation; Some 285.6 billion yuan worth of deals were signed at Airshow China 2024. Here’s what you need to know about China in the past 24 hours  APEC members on Saturday jointly called for effective multilateral cooperation as areas including trad...