China Business NOW

Hi everyone. I’m Stephanie LI. Coming up on today’s program ·  Central bank approves 100 billion yuan mortgages for rental housing groups in 8 pilot cities; ·  China's auto production and sales topped 30 million units for the first time in 2023. Here’s what you need to know about China in the past 24 hours  The People's Bank of China (PBOC) approved a total of 100 billion yuan in mo...

Hi everyone. I’m Stephanie LI. Coming up on today’s program ·  CES kicked off with doubling Chinese participants; ·  Guangzhou’s Nansha is set to play key role in GBA prosperity. Here’s what you need to know about China in the past 24 hours  The Consumer Electronics Show (CES), the world's largest consumer tech conference, officially kicked off in Las Vegas on Tuesday. Over 4,000 ex...

Hi everyone. I’m Stephanie LI. Coming up on today’s program ·  China steps up efforts to set standards for auto chips amid fierce competition; ·  China expects record air travel demand in Lunar New Year Holiday. Here’s what you need to know about China in the past 24 hours  China’s Ministry of Industry and Information Technology (MIIT) on Monday released a sweeping plan to accelerat...

Hi everyone. I’m Stephanie LI. Coming up on today’s program ·  China’s December forex reserves return to above $3.2 trillion; ·  Guangdong sees energy storage project filings quadruple in 2024's first week. Here’s what you need to know about China in the past 24 hours  China's foreign exchange reserves reached a two-year high of $3.238 trillion as of the end of last year while gold...

The beginning of 2024 marks an important moment for both China's emerging cruising industry and global cruising. As Adora Magic City departed on its maiden voyage, it paves the way for luxury cruising based in China and potentially for a new cruise shipbuilding market.  It's the first-ever luxury cruise ship built entirely in China at international standards. Over the past few days, the Chine...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China’s net PSL reaches 350 billion yuan in first month after PBOC reintroduced the tool; BYD overtakes Tesla in quarterly EV sales for the first time. Here’s what you need to know about China in the past 24 hours  The net pledge supplemental lending value of China’s three policy banks reached 350 billion yuan in December, the first...

Hi everyone. I’m Stephanie LI. Coming up on today’s program Sales at Chinese NEV makers rebounded in December; Guangdong leads the way with 18.07 million registered businesses. Here’s what you need to know about China in the past 24 hours  Having become a new export spotlight for the Chinese economy, the new-energy vehicles (NEVs) industry experienced a hard-won year in 2023, with sales estim...

Hi everyone. I’m Stephanie LI. Coming up on today’s program China's tourism roars back during New Year's Day holiday, topping pre-pandemic levels; China's first home-made cruise ship sets sail on maiden voyage. Here’s what you need to know about China in the past 24 hours  China's tourism industry roared back to life during the just-concluded New Year's Day holiday, surpassing pre-pandemic le...

Hi everyone. I’m Stephanie LI. Coming up on today’s program. Central government departments list innovation at forefront of 2024 tasks; Xiaomi unveils first electric car, plans to become top automaker. Here’s what you need to know about China in the past 24 hours  Following China's tone-setting Central Economic Work Conference earlier this month, various government authorities have convened m...

Hi everyone. I’m Stephanie LI. Coming up on today’s program. ·  China's industrial profits extend gains for 4th month in November; ·  China appoints new deputy head of central bank and other senior economic and financial officials. Here’s what you need to know about China in the past 24 hours  Profits at China's industrial firms extended gains for a fourth consecutive month in Novem...

Hi everyone. I’m Stephanie LI. Coming up on today’s program. ·  China’s gaming regulator approves 105 new games; ·  Joint-stock banks follow suit on a new round of deposit rate cuts. Here’s what you need to know about China in the past 24 hours  The National Press and Publication Administration (NPPA) on Monday announced the approval of 105 domestically produced online games in Dece...

Hi everyone. I’m Stephanie LI. Coming up on today’s program. ·  China vows to build itself into an agricultural powerhouse, with food security and rural revitalization prioritized; ·  Mainland suspends some tariff cuts on Taiwan imports. Here’s what you need to know about China in the past 24 hours  China has laid out the priorities for the country's rural work in 2024 at a key meet...

Hi everyone. I’m Stephanie LI. Coming up on today’s program. ·  Emergency response has been upgraded after Gansu earthquake, while companies are quick to offer donation and supplies; ·  World's first Zootopia land opens at Shanghai Disney Resort. Here’s what you need to know about China in the past 24 hours  The 6.2-magnitude earthquake that jolted China's Gansu province and neighbo...

Hi everyone. I’m Stephanie LI. Coming up on today’s program. New Year’s Day holidays see spike in train ticket booking as residents embrace winter travel rush; Emergency response mechanism has been launched to ensure aid to a 6.2 magnitude earthquake in Gansu province. Here’s what you need to know about China in the past 24 hours  Train tickets for the first day of the upcoming New Year's Day...

Hi everyone. I’m Stephanie LI. Coming up on today’s program. China rolls out new rules to unify 400 trillion yuan non-bank payment sector; East Buy jumps as star live-streamer returns as senior partner and VP of New Oriental’s culture and tourism branch. Here’s what you need to know about China in the past 24 hours  China has introduced new regulations to better monitor and supervise non-bank...

Take a walk in the Gardens by the Bay, go shopping in the high-end malls at the Marina Bay Sands, take photos with the iconic Merlion Statue, enjoy a hearty meal in Chinatown, experience adrenaline-rushing thrill rides at the Universal Studios, or enjoy a cozy afternoon at the Jewel Changi Airport…… A fascinating city-state, a vibrant metropolis, where diverse experiences unfold every moment, Sing...

Hi everyone. I ’ m Stephanie LI. Coming up on today ’ s program. -  November sees steady expansion of China's financing ; -  China issued this winter ’ s first orange alert for a cold wave . Here ’ s what you need to know about China in the past 24 hours China has issued more new yuan-denominated loans in January to November than in the whole of last year after the country stepped up eff...

Hi everyone. I’m Stephanie LI. Coming up on today’s program. China's auto market expects new records following strong November data; China issues measures to boost integrated development of domestic and foreign trade. Here’s what you need to know about China in the past 24 hours  China's auto sector exceeded market expectations in November, with double-digit year-on-year growth reported for b...

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 economy in July posted steady recovery; -PBOC cuts interest rates by 10bps. Here’s what you need to know about China in the past 24 hours  中国经济要闻 China released its main economic indicators for July on Monday, maintaining growth momentum from June as the world's second-largest...

S : Hello everyone, I’m Stephanie Li. Welcome to CBN Friday Special. J : Hi, I am Jenny. S : Do you want some drink, Jenny？ J : Thanks, but I have just finished a bottle of Sprite. Stephanie, do you prefer Sprite or Coke? S : Well I used to drink Coke more. But currently, I prefer Genki Forest sparkling water. And, peach flavour is my favourite. Have you heard Genki Forest is bringing out its new...

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 said inflation may exceed 3% in some months, pledging to avoid massive stimulus and excessive money printing; -Sinopec discovers rich flows of natural gas and crude oil in Xinjiang. Here’s what you need to know about China in the past 24 hours  中国经济要闻 The People'...

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  -Consumer price inflation rose to a 24-month high in July while factory-gate inflation reached new low; -China conducts full audit of at least 20 trust firms. Here’s what you need to know about China in the past 24 hours   中国经济要闻 China’s consumer price index (CPI) hit a two-year high o...