China Business Now

China’s National Financial Regulatory Administration (NFRA) was inaugurated  on Thursday in Beijing, taking the place of the China Banking and Insurance Regulatory Commission(CBIRC) after five years in operation, an important step for China’s new round of institutional reform in the field of financial supervision.   https://m.21jingji.com/article/20230518/herald/6e5de38c959f3e263e5dcb6a934d15e7.ht...

China's new home prices in major cities grew at a slower pace in April. Average new home prices in 70 major Chinese cities rose 0.32 percent in April from a month earlier, slowing from the 0.44% month-over-month increase recorded in March.   https://m.21jingji.com/article/20230517/herald/08c90955097311bec4e0056c8d0b7b2e.html

China's economic recovery gained pace in April, newly released official data showed on Tuesday, as domestic consumption has kept surging in the first four months of the year, while industrial production and fixed asset investment are both rising.   https://m.21jingji.com/article/20230516/herald/b1eb9d5ae688c33aa2efa061c57ed4fb.html

A much-expected program to allow mutual access to interest rate swap markets between the Hong Kong Special Administrative Region (HKSAR) and the Chinese mainland started on May 15, marking a milestone in the opening-up of the mainland’s bond and interbank financial derivatives markets.   https://m.21jingji.com/article/20230515/herald/c9c6f8dc8b3ab01101e01da445d28719.html

China’s CPI edged up 0.1% while PPI came down 3.6% in April.   https://m.21jingji.com/article/20230511/herald/221869ad65fbbb6a58e2ad58191f5cf4.html

China will start to implement the China VI-b emission standards for vehicles starting from July 1, banning production, imports and sales of models that don't comply with the standards.   https://m.21jingji.com/article/20230510/herald/87d568e45ce455bcb8af88bdc41ac2cc.html

China’s exports rose by 8.9% in April, while imports shrank at a faster pace.   https://m.21jingji.com/article/20230509/herald/d502ecde8f59d4f61a167db4ba0b6308.html

China increased its gold reserves for the sixth consecutive month in April to 66.76 million ounces (1,893 tons) for the first time since 2019, amid a global financial panic triggered by aggressive US interest rate hikes on top of its ongoing banking crisis.    https://m.21jingji.com/article/20230508/herald/7e0cd4031f6bd433c4d3c9b0aedc7f1c.html

Image this. You wake up early in the morning in Kunming, enjoy a bowl of hot rice noodle for breakfast, which is a signature dish of southwest China’s Yunnan province, then hop on a bullet train and arrive in World Heritage town Luang Prabang in Laos by afternoon.  Cross-border travels between the two neighboring countries used to take three times longer on the road, but now it can be easily achie...

The number of people traveling across China by air, rail, road and/or waterways over the five-day Labor Day holiday that ended yesterday surged more than two-and-a-half times from the same period last year, as travel becomes a favorite activity once more following the lifting of the country’s zero-Covid policy.   https://m.21jingji.com/article/20230504/herald/2f7beeec9289c50a50d0482b2bb8dba0.html

China's tourism sector is set to roar back for the upcoming May Day holidays in more than three years, which has been proved by an upsurge in bookings, with more than 240 million trips estimated by industry insiders.     https://m.21jingji.com/article/20230428/herald/9903094b7c6aaff2eacc36094d0dc92b.html

China's banks will continue to provide better support to the real economy by extending more loans and increasing credit lines, especially in key and weak areas.   https://m.21jingji.com/article/20230427/herald/c70e9a37ad3e02bea647826efd90116b.html

China has completed a comprehensive, nationally unified real estate registry, marking a major breakthrough in the country's decade-long effort to establish a unified property registration system.   https://m.21jingji.com/article/20230426/herald/94a2f85c619ecad461ebd05647e1deaa.html

China's job market witnessed stable improvement in the first quarter this year as labor demand grew stronger amid a robust economic recovery.   https://m.21jingji.com/article/20230425/herald/ded072ea5b0458af3f2ff772257f2cd9.html

Economic growth in South China’s Guangdong Province went up 4% in the first three months of 2023, putting the economic power house on track to a good start and a fast economic recovery this year.   https://m.21jingji.com/article/20230424/herald/3deae15e33e95c16fa6cbe8c2385c1b8.html    

The city of Zibo, mostly known for its manufacturing industries, has emerged as one of the country’s most popular tourist spots. Favored by swarms of internet influencers, Zibo has gone viral on Chinese social media platforms. How？   https://m.21jingji.com/article/20230421/herald/8fd51204a97b7e815df468f88f9a8a1d.html

First phase of Canton Fair concludes with traffic exceeding 1.26 million.   https://m.21jingji.com/article/20230420/herald/0ab4ad0f3734206d69a4af581e4ee5e3.html

China is formulating plans to boost the recovery and expansion of consumption, top economic planner's spokesperson Meng Wei said, signaling officials are worried about weak demand despite a sharp rebound in retail sales.    https://m.21jingji.com/article/20230419/herald/c940409a618c25993c54a2d04b489bf0.html

China's economy grew by 4.5% year-on-year in the first quarter of 2023, versus 2.9% in the last quarter of 2022, posting a steady economic rebound.   https://m.21jingji.com/article/20230418/herald/74995e5197a6b6d97620b8189c764052.html

Most major Chinese cities reported rising home prices last month, indicating a steady recovery of the country's property market.   https://m.21jingji.com/article/20230417/herald/ef26fc05f703316e947ecd49c30ee0be.html

With the entry into the post-pandemic era and the roll-out of measures meant to boost consumption across the country, China's consumer market has recovered steadily, with the building of differentiated consumption scenarios and innovation of forward-looking products emerging as new engines of growth.   https://m.21jingji.com/article/20230414/herald/e401363758ace3f5acb4312a7e313242.html

China's total goods imports and exports expanded 4.8% year on year in the first quarter of 2023, reversing a decline of 0.8% in the first two months of the year.   https://m.21jingji.com/article/20230413/herald/94b953d4a1613cf775417404e4cdc268.html

China’s credit expanded faster than expected in March, a sign that the central bank’s moves to unleash more long-term liquidity into the economy and support bank lending is fueling investment activity.    https://m.21jingji.com/article/20230412/herald/f7e33ea2fec06aa26e4cc48c708bed05.html

China's consumer inflation eased last month, data released on Tuesday showed, while producer prices remained in deflation. The consumer price index (CPI) rose by 0.7% in March from a year earlier, down from 1% growth in February, hitting the slowest pace since September 2021, according to the National Bureau of Statistics (NBS).   https://m.21jingji.com/article/20230411/herald/cae4c35ce4344aba8a6c...

China’s stock market had its busiest day for initial public offerings (IPOs) in 16 months, with 10 companies spring by at least 40% as they started trading for the first time in Shanghai and Shenzhen.   https://m.21jingji.com/article/20230410/herald/2bbe13f8bcc3350dcb8118890f30b673.html