China Business Now

Beefing up their presence in China will only move multinationals forward with stronger growth over the long term, despite rising uncertainties over decoupling and supply chain disruptions, said global business leaders on the sidelines of the Summer Davos Forum in Tianjin.   https://m.21jingji.com/article/20230629/herald/1a10f38cb4e8a8e4351db791d758ef56.html

Ten years on, the BRI has attracted the participation of more than 75% of the world's countries and major international organizations, and the relevant concepts have been written into the related outcome documents of the UN and other multilateral mechanisms.   https://m.21jingji.com/article/20230628/herald/51a3ed527fcd5ad4c51efce0018fc272.html

China is expected to achieve this year's economic growth target of around 5 percent, with the growth in the second quarter to surpass that in the first quarter, Chinese Premier Li Qiang said on June 27. Li made the remarks when addressing the opening of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in north China's Tianjin Municipality.   https://m.21jingji.com/arti...

China saw 106 million domestic trips during this year’s Dragon Boat Festival, 12.8% above the pre-pandemic level.   https://m.21jingji.com/article/20230627/herald/fe0362dfbf687c55c4336ecf7265ace1.html

The Chinese market for mystery boxes has grown quickly, contributing to the fast expansion of domestic toymakers such as Pop Mart. The blind box selling strategy is an example of probabilistic selling or surprise offering, helping retail brands to achieve multiple goals, such as stimulating customer conversion, improving repurchase rates, and inventory clearance.    https://m.21jingji.com/article/...

China's industrial output and retail sales expanded in May, as the economy maintained its recovery with continued progress in transformation and upgrading.   https://m.21jingji.com/article/20230615/herald/a0329820c48326c701c09a541c754180.html

Following a reverse repo rate cut, China’s central bank lowered the interest rate of another liquidity adjustment tool, the standing lending facility, to further stimulate the recovery of financing demand.   https://m.21jingji.com/article/20230614/herald/42b463f1698f91931469691257d556b5.html

China’s central bank lowered a short-term lending rate for the first time in 10 months on May 13, in a bid to restore market confidence and prop up post-pandemic recovery in the world’s second-largest economy.   https://m.21jingji.com/article/20230613/herald/86cdf92009f224267c4ef24ab3c6e994.html    

Several Chinese commercial banks cut interest rates on a range of yuan deposits from May 12, following their larger peers in a coordinated move to ease pressure on profit margins and help inject liquidity into the real economy.   https://m.21jingji.com/article/20230612/herald/0027c9bfc600da2e9aef3cd77131d8bc.html  

Since China’s optimization of Covid policy at the end of last year,  the country’s theme park industry quickly resume strong growth and sustain recovery momentum this year thanks to a post-Covid tourism boom.  Shanghai is putting behind three years of damage caused by the pandemic to its tourism industry. The metropolis of 25 million residents greeted 15.6 million tourists during the five-day May...

Preventing financial risks is the eternal theme of financial work, China’s top financial regulator says at Lujiazui Forum.   https://m.21jingji.com/article/20230608/herald/da6adf694055fc255809837f62dbac44.html

A record number of Chinese students on June 7 begins sitting the world's toughest college entrance examinations known as “gaokao”, the first since the country optimized its COVID rules last year. China’s education ministry says a record of nearly 13 million students have registered for the national exams, spiking 980,000 from last year.   https://m.21jingji.com/article/20230607/herald/a449b65ca815...

China will step up efforts to build its unified national market with measures to expand market access and attract foreign investment.   https://m.21jingji.com/article/20230606/herald/bc6de519c767131acc7bf064f9cc4f45.html

The fully implemented Regional Comprehensive Economic Partnership pact will significantly enhance economic integration in the Asia-Pacific region and sustain the long-term and stable growth of the global economy.   https://m.21jingji.com/article/20230606/herald/16b725f5bee271a1d1a9ec0feb8922d1.html

Durian is a fruit that can represent the identity of Southeast Asia, giving the durian trade more cultural and symbolic meanings, as it signifies the special relations between China and the region. According to Dole Food Co, China is the third-largest durian consumer after Indonesia and Malaysia, and that China is expected to become the largest durian consumer by 2030.   https://m.21jingji.com/art...

Major Chinese e-commerce platforms including JD.com and Taobao have reported buoyant sales during this year's 618 mid-year shopping festival, further proof of a bounce back in consumer spending.   https://m.21jingji.com/article/20230601/herald/1ebb5a3ee5debf6928bbb47f98e192b4.html

Tesla Chief Executive Elon Musk on Tuesday kicked off a high-stakes visit to China, marking his return to the electric carmaker's largest production hub after three years.    https://m.21jingji.com/article/20230531/herald/1db6a33feb2987871d1e9e1b3820281b.html

China on May 30 sent three astronauts to its Tiangong space station, putting a civilian into orbit for the first time as it pursues plans to send a crewed mission to the Moon by the end of the decade.   https://m.21jingji.com/article/20230530/herald/202a16688165d13a9700d1864a1063ed.html

C919, China's self-developed large passenger aircraft developed by Commercial Aircraft Corporation of China (COMAC), completed its inaugural commercial flight from Shanghai to Beijing on May 28, creating a milestone in China's aviation industry, which aims to compete with global players such as Boeing.    https://m.21jingji.com/article/20230529/herald/eca2aa9e66268d6b26450ff8df5b4834.html

According to the World Economic Forum (WEF), deepfake videos are increasing at an annual rate of 900%, and recent technological advances have even made it easier to produce them. Tech talk aside. For ordinary people, what can we do to avoid being victim of AI-related scams?   https://m.21jingji.com/article/20230526/herald/e42029b882e3b6b1905dd083a16141f2.html

Latin American and Caribbean region has become the second-largest destination for China's overseas investment, according to the China-CELAC Private Sector Forum held on May 24 in Dongguan, Guangdong province.   https://m.21jingji.com/article/20230525/herald/62e8322027856d9d12628ba9a343b645.html

Six administrative regions in China, including Guangdong, Jiangsu, Zhejiang and Shandong provinces, as well as Beijing and Shanghai, have reported export growth in the first four months, with an improved structure.    https://m.21jingji.com/article/20230524/herald/531fcf68d143920d39796b72eaae767d.html

Four days after its inauguration, China's National Administration of Financial Regulation (NAFR) announced a previously held meeting, stressing supervision over the insurance industry, especially over insurers' solvency, should be further strengthened to firmly safeguard the bottom line of preventing systemic financial risks.   https://m.21jingji.com/article/20230523/herald/77c1c93254b5e0190b8ae7c...

Hong Kong Exchanges and Clearing (HKEX) announced that it will launch the dual counter model and market making system in its securities market on June 19, wherein investors would be able to begin interchanging securities listed in both Hong Kong dollar and renminbi counters. Securities on both counters will be of the same class and can be transferred without any change of beneficial ownership.   h...

A search for “AI孙燕姿” (“AI Stefanie Sun”) yields hundreds of videos on Bilibili uploaded within the last month. The most popular ones have amassed over one million views. WeChat Index, which tracks keywords across the super app’s social and content ecosystem, shows that the term’s trending score skyrocketed to 50,000 on May 5 from zero just two days before. TikTok and YouTube are now flooded wit...