China Business Now

China’s foreign trade from January to July edges up 0.4% year-on-year.   https://m.21jingji.com/article/20230808/herald/369a7c01d412265cf3bc46b98f0ae6b0.html

More Chinese cities are rolling out support measures and easing home purchase curbs as they follow through on the top leadership meeting held last month, which called for the optimization of property policies.   https://m.21jingji.com/article/20230807/herald/26b0210c25d9a9d1f07fc6923e7bb3d0.html

A big part of the Chinese firm's appeal comes from discounts and convenient takeout experiences. Luckin Coffee launched promotional events in June to celebrate store anniversaries and issued weekly vouchers to offer coffee for just 9.9 yuan per cup. The events were welcomed better than expected and the firm decided to extend the campaign by at least two years to increase its market share. https://...

A number of Chinese companies, including e-commerce giant Alibaba Group Holding and smartphone maker Xiaomi, have made donations of at least 370 million yuan and provided emergency aid services for disaster relief in regions including Beijing, North China's Hebei Province and East China's Fujian Province that were recently hit by a devastating typhoon Doksuri and torrential rainfall.   https://m.2...

China's central bank expressed its support for lowering interest rates and down payment ratios for individual housing loans.   https://m.21jingji.com/article/20230802/herald/6d131ab3d0aad273d5db05b04f248987.html

China's top economic planner on August 1 unveiled a series of detailed measures including tax reductions and cutting red tape to boost the private economy after a general guideline was released last month. The measures ranging from fair market access to stronger financial support and better government services are designed to tackle prominent problems facing private enterprises and boost their con...

Major Chinese cities including Beijing, Shenzhen and Guangzhou have vowed to better meet the public’s rising housing needs, after China’s housing minister called for more efforts to strengthen the property market with measures such as lowering payment requirements and mortgage rates for first-time homebuyers.    https://m.21jingji.com/article/20230731/herald/f9eeadd6466514fee398d866af10ef7f.html

The FISU Games goes beyond a mere sporting event. It serves as a platform for young people from diverse backgrounds to communicate. The ongoing Chengdu FISU Games is set to make fresh contributions toward advancing cultural exchanges, assist mutual learning and foster a community with a shared future for mankind.   https://m.21jingji.com/article/20230728/herald/801f2aab24c19e39efb30c5d1399e7a8.htm...

Profits at China's major industrial firms shrank at a slower pace in June with supportive policy measures gradually taking effect.   https://m.21jingji.com/article/20230727/herald/117b18c420834d2aa11f1dff8efd842a.html

Pan Gongsheng, longtime banking official, appointed as new governor of China's central bank.   https://m.21jingji.com/article/20230726/herald/814616d7447ed02a628998d1dacf978c.html

China will step up macroeconomic policy support in the second half of the year to further boost the nation's economic recovery, focusing on expanding domestic demand, enhancing confidence and preventing risks.    https://m.21jingji.com/article/20230725/herald/e9d6defb0a0a708ee47e571725f76c5a.html

China's top economic planner on Monday issued a notice saying it would further build up relevant mechanisms and improve the policy environment to spur the development of private investment, the latest effort to boost the nation's economic recovery. The notice, detailing 17 measures, aims to drive further improvement in the private investment environment, enhance the investment willingness of priva...

China pledged to make the private economy "bigger, better and stronger" with a series of policy measures designed to help private business, in a bid to create a market-oriented first-class business environment, further boost market confidence and consolidate the foundation for economic recovery.   https://m.21jingji.com/article/20230720/herald/cf8c53652942359fe49219745eab0973.html

Consumer spending has provided a forcible boost to China's economy growth in the first half of 2023, but weak points persist prompting the government to do more to level up consumption going forward. Authorities bid to tackle the problems blocking consumer spending with a slew of new measures. The key sectors of cars, home appliances, furniture, and catering collectively accounting for a quarter o...

China's GDP grew by 5.5% year-on-year in the first half of the year to 59.3 trillion yuan, posting a steady economic rebound. In the second quarter, the economy rose by 6.3% compared with a year earlier, up from 4.5% in the first quarter.   https://m.21jingji.com/article/20230718/herald/6dc83c9b2fd1562ef5b65ea6961f759d.html

As China braces for the most scorching summer since 2016, the country’s tourism market is also heating up in step and on track to comprehensively exceed that of 2019.  Airports and train stations nationwide have been busy in the first week of July, with people taking vacations, visiting family and friends, and students going on summer trips.   https://m.21jingji.com/article/20230714/herald/69e990e...

Chinese tech stocks are rallying after top government officials indicated a shift from reining in the companies’ influence to helping them grow and strengthen China’s position on the world stage.   https://m.21jingji.com/article/20230713/herald/7b89704fd36c8700be187ea5635022b6.html

China reported stronger-than-expected credit expansion in June after the People's Bank of China cut policy benchmarks for interest rates last month.   https://m.21jingji.com/article/20230712/herald/fe0a1ffab2d828a1789414184e8291e7.html

China's top financial regulators announced on July 11 that financial support measures for qualified real estate developers, taken in November 2020, will be extended through the end of 2024, in order to continue to guide more financial support for firms and to ensure deliveries of homes.   https://m.21jingji.com/article/20230711/herald/1251fe4c76b5286252349d9a3d899cc7.html

China unveils first private investment fund regulation, while public fund manager fees are set to be lowered.   https://m.21jingji.com/article/20230710/herald/4a50272a4625b2de6bdc19df4d1e4f56.html

The revenue of China's digital economy reached 50.2 trillion yuan in 2022, ranking second in the world and equivalent to 41.5% of the country's GDP.   https://m.21jingji.com/article/20230706/herald/1d274730a7f7d9902f7e3b8498e27e38.html

China Passenger Car Association (CPCA) predicts that the country's wholesale volume of new-energy vehicles (NEVs) from January to June 2023 could reach 3.53 million, representing a 44% year-on-year increase.   https://m.21jingji.com/article/20230705/herald/27e2e9237c892d2eb43fd2acfade28b6.html

China's GDP is expected to grow 5.4 percent in 2023, according to a report by the Bank of China Research Institute released on Monday. The global services sector recovered steadily in the second quarter of this year and the trend will continue in the third quarter.   https://m.21jingji.com/article/20230704/herald/939c14387068b60c46151c5424d962c8.html

Pan Gongsheng, who has served as one of the People’s Bank of China’s deputy governors for over a decade, was named the new party secretary of the country’s central bank.   https://m.21jingji.com/article/20230703/herald/efe022954ebef3f048da60224b0ca271.html

The entire world has been experiencing extreme temperatures. Researchers have indicated that with rising ocean temperatures worldwide and the onset of El Niño in the Pacific, 2023 could potentially become the hottest year on record.   https://m.21jingji.com/article/20230630/herald/8c35dff35ffb95b231f8e488617fd655.html