Welcome to China Business Now, a 3-minute digest of what happened in China’s business sector, presented by 21st Century Business Herald.
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China’s yuan loans expand amid stable economic recovery
8:30
8:30
Play later
Play later
Lists
Like
Liked
8:30
China's August new bank loans exceed expectations as financial support for real economy increases. https://m.21jingji.com/article/20230912/herald/f911678e0eea8d89d118d5e505267fc1.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨Renminbi grows as PBOC pledges decisive action to prevent overshooting
10:26
10:26
Play later
Play later
Lists
Like
Liked
10:26
China escalated its defense of the yuan by delivering a strong verbal warning to speculators and forceful guidance to investors with its daily reference rate, measures that pushed the renminbi up from a 16-year low. https://m.21jingji.com/article/20230911/herald/b57312f08313a9375e4f411935917b2c.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN Friday Special丨Coffee with a kick takes China’s coffee wars to a whole new level
12:12
12:12
Play later
Play later
Lists
Like
Liked
12:12
Luckin Coffee is once again creating a stir with an unusual offering to capture the attention of Chinese coffee drinkers: lattes with a nip of Kweichow Moutai’s baijiu. The coffee chain partnered with China’s luxury liquor maker to launch an alcohol-infused coffee drink, the so-called “sauce-flavored latte.” Luckin Coffee hailed the success of its …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China’s foreign trade’s declines narrowed in August
9:27
9:27
Play later
Play later
Lists
Like
Liked
9:27
Between January and August, China's exports grew by 0.8% year-on-year to reach 15.47 trillion yuan, while imports were down 1.3% year-on-year to 11.61 trillion yuan, latest customs data showed. https://m.21jingji.com/article/20230907/herald/6f44e59645475abd89404cb62c0efa6c.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China, Indonesia share similar visions, common interests: Chinese premier
8:57
8:57
Play later
Play later
Lists
Like
Liked
8:57
Chinese premier hails strong China-ASEAN ties at the opening of 26th China-ASEAN Summit. Li said "China and ASEAN have succeeded in blazing a correct path of long-term good-neighborliness and friendship, as well as common development and prosperity as the world is undergoing profound changes unseen in a century," in his opening remarks at the China…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨Bustling CIFTIS fair attests to China’s foreign investment magnetism
10:59
10:59
Play later
Play later
Lists
Like
Liked
10:59
Introducing new products, services, and technologies; announcing cooperations with Chinese partners and exchanging ideas at forums -- the hustle and bustle of foreign exhibitors at the ongoing 2023 China International Fair for Trade in Services (CIFTIS) has painted an inspiring picture of China's foreign investment magnetism. https://m.21jingji.com…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China establishes bureau for private economy development
11:34
11:34
Play later
Play later
Lists
Like
Liked
11:34
China has set up a bureau under the country's top economic planner specializing in promoting the private economy. https://m.21jingji.com/article/20230904/herald/ba1129b8cac08f808bf5252f4e76cdda.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN Friday Special丨Is C-beauty brands getting a facelift amid consumer backlash of Japanese imports?
10:08
10:08
Play later
Play later
Lists
Like
Liked
10:08
Chinese consumer sentiment towards Japanese products, notably cosmetics, is undergoing a dramatic shift recently due to rising safety concerns. One of the main triggers for this change is Japan’s decision to release nuclear-contaminated wastewater from the Fukushima power station into the Pacific Ocean, 12 years after it was wrecked by an earthquak…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China’s manufacturing PMI improves in August
15:52
15:52
Play later
Play later
Lists
Like
Liked
15:52
China's official manufacturing purchasing managers' index (PMI) continued to improve in August, marking the third consecutive monthly increase though the index remains in contraction. https://m.21jingji.com/article/20230831/herald/c383444f0911fa0e005bc39eb12c6155.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨Chinese banks to cut existing mortgage rates
17:28
17:28
Play later
Play later
Lists
Like
Liked
17:28
China's State Council has released a plan to boost the high-quality development of a sci-tech innovation cooperation zone jointly developed by the southern tech hub Shenzhen and the Hong Kong SAR. The Development Plan for Shenzhen Park of Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone comprises a total of 30 measures, c…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China, US commerce authorities to establish new working group
13:40
13:40
Play later
Play later
Lists
Like
Liked
13:40
China and US agreed to form a working group, which will comprise deputy ministerial and bureau-level government officials from both countries alongside business representatives, to seek solutions to specific commercial issues. https://m.21jingji.com/article/20230829/herald/a0cc1e95c1f3cd4f56c0c2fc1ac04c63.html…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China halves stamp duty on stock trades
12:41
12:41
Play later
Play later
Lists
Like
Liked
12:41
China halved the stamp duty on stock trading effective Monday for the first time since 2008, in the latest attempt to boost the struggling market in the world's second-biggest economy. https://m.21jingji.com/article/20230828/herald/faab376b468f1b96cbaa8baac81c1c42.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN Friday Special丨Qixi Festival: What’s behind the newfound popularity of Chinese Valentine’s Day?
8:54
8:54
Play later
Play later
Lists
Like
Liked
8:54
Similar to Valentine's Day in Western culture, Qixi Festival has become a commercialized occasion with the exchange of gifts, flowers, chocolates, and romantic gestures. Qixi-themed set meals saw a 118% surge in the week to Tuesday from the prior seven days, while reservations on the day soared 185% from a year ago. https://m.21jingji.com/article/2…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China imposes import suspension on Japanese aquatic products
12:59
12:59
Play later
Play later
Lists
Like
Liked
12:59
China will suspend the import of aquatic products, including edible aquatic animals, originating from Japan starting from August 24. The head of the General Administration of Customs bureau of import and export food safety, said that the Japanese government, disregarding strong international doubts and opposition, unilaterally initiated the dischar…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China released preferential tax policies for investors
12:07
12:07
Play later
Play later
Lists
Like
Liked
12:07
China on August 22 introduced a number of preferential tax and fee policies as part of the nation's broader efforts to boost capital market vitality and expand opening-up. The policies are aimed at promoting the two-way opening-up and healthy development of the capital markets on the Chinese mainland and Hong Kong, supporting the opening-up of the …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨Chinese fund managers put 850 million yuan in own funds
11:43
11:43
Play later
Play later
Lists
Like
Liked
11:43
China’s largest mutual fund houses promised to buy their own equity-focused products to bolster market confidence, on bets the dip-buying strategy will help them ride out the uncertainty prevailing on the stock markets. https://m.21jingji.com/article/20230822/herald/bf719cadb354a926dfe78bda9ba308f9.html…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China cuts 1-year lending rate, keeps 5-year unchanged
10:22
10:22
Play later
Play later
Lists
Like
Liked
10:22
China cut its one-year benchmark lending rate on August 21 as authorities seek to ramp up efforts to stimulate credit demand, but kept the five-year rate unchanged. https://m.21jingji.com/article/20230821/herald/4e2299b4fa95faa415b78e8e8396fb3e.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN Friday Special丨Turn on the “fun night mode”: Creative models heat up China’s night economy
11:50
11:50
Play later
Play later
Lists
Like
Liked
11:50
More and more businesses are racing to tap into the new fashion of spendings, as young consumers show continued demand for late-night consumption in China. The nighttime economy has emerged as a new driving force for consumption across China in recent years, as many businesses, such as restaurants, shopping malls and museums, are open for longer ho…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China will work to achieve growth targets: Chinese Premier
12:18
12:18
Play later
Play later
Lists
Like
Liked
12:18
China will strengthen the coordination of various policies to boost growth and meet this year's economic target. Chaired by Chinese Premier Li Qiang, the plenary meeting of the State Council emphasized the promotion of high-quality development and increasing administrative efficiency to provide robust support for the completion of various tasks. ht…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China’s home prices down further in July
13:06
13:06
Play later
Play later
Lists
Like
Liked
13:06
China home prices dropped for a second month in July, a further sign of the deepening property downturn that’s weighing on the world’s second-largest economy. https://m.21jingji.com/article/20230816/herald/99d64d63ef3b74fd24ba5a9d20394948.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China’s economy on recovery path, but challenges remain
11:58
11:58
Play later
Play later
Lists
Like
Liked
11:58
China's economy continued the recovery trend but it still faces challenges and pressures from weak demand and a complicated international environment. The July industrial output and retail sales growth slowed. https://m.21jingji.com/article/20230815/herald/adf274ae777b6233083c2ee3d6ee2363.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China issues 24-point guideline to optimize foreign investment
10:07
10:07
Play later
Play later
Lists
Like
Liked
10:07
China has issued 24 new guidelines to attract more global capital and further optimize the country's business environment for multinational corporations. https://m.21jingji.com/article/20230814/herald/da3e6e629c6b7414ee215c88f9653a4f.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN Friday Special丨What do TFBoys or Taylor Swift mean for economy?
13:06
13:06
Play later
Play later
Lists
Like
Liked
13:06
The “Taylornomics” even caught curious attentions from the US Federal Reserve, the country’s central bank, as the American pop icon Taylor Swift’s 20-city Eras Tour is on track to become the biggest in concert history, potentially grossing $1 billion. It’s filling football stadiums that hold more than 70,000 people, and Swift is often staying in to…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China lifts bans on group tours of another 78 countries
10:28
10:28
Play later
Play later
Lists
Like
Liked
10:28
China lifted a ban on group travel to more than 70 locations, including top travel destinations such as Japan, South Korea Australia, US and the UK, in a major relaxation of travel restrictions that’s set to boost the global tourism market. https://m.21jingji.com/article/20230810/herald/823ffac462a3067151157bfb25ceb83e.html…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China’s consumer prices drop for first time in over 2 years
12:38
12:38
Play later
Play later
Lists
Like
Liked
12:38
China's consumer prices fell for the first time in more than two years in July, while the country's factory-gate price index declined at a slower rate. https://m.21jingji.com/article/20230809/herald/5c6ea45f7fdcd5f4ebe3ff5e695c70c7.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China’s foreign trade up 0.4% in Jan-July period
10:45
10:45
Play later
Play later
Lists
Like
Liked
10:45
China’s foreign trade from January to July edges up 0.4% year-on-year. https://m.21jingji.com/article/20230808/herald/369a7c01d412265cf3bc46b98f0ae6b0.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨Major Chinese cities continue to roll out property supportive measures
10:52
10:52
Play later
Play later
Lists
Like
Liked
10:52
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.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN Friday Special丨Coffee drinking culture in China brews battle in brands
12:43
12:43
Play later
Play later
Lists
Like
Liked
12:43
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 leas…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨Chinese firms donate 370m yuan to disaster relief in Beijing, Hebei
10:39
10:39
Play later
Play later
Lists
Like
Liked
10:39
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 typh…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China’s central bank supports lowering interest rates for individual housing loans
12:28
12:28
Play later
Play later
Lists
Like
Liked
12:28
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.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China releases plans to spur consumption, bolster private economy
12:28
12:28
Play later
Play later
Lists
Like
Liked
12:28
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 probl…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨Major Chinese cities vow to optimize real estate policies to boost recovery
10:29
10:29
Play later
Play later
Lists
Like
Liked
10:29
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…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN Friday Special丨Chengdu is ready for the 31st FISU World University Games
15:12
15:12
Play later
Play later
Lists
Like
Liked
15:12
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/2023…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China’s industrial profit decline narrows in June
10:47
10:47
Play later
Play later
Lists
Like
Liked
10:47
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.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨Veteran central banker Pan Gongsheng takes over as PBOC head
13:13
13:13
Play later
Play later
Lists
Like
Liked
13:13
Pan Gongsheng, longtime banking official, appointed as new governor of China's central bank. https://m.21jingji.com/article/20230726/herald/814616d7447ed02a628998d1dacf978c.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China’s top leadership introduces pro-growth stimulus package
10:08
10:08
Play later
Play later
Lists
Like
Liked
10:08
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.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China rolls out measures to boost private investment
10:06
10:06
Play later
Play later
Lists
Like
Liked
10:06
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 enviro…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China vows to spur growth of private economy
12:03
12:03
Play later
Play later
Lists
Like
Liked
12:03
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/cf8c53…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China introduces more measures to spur consumption
12:10
12:10
Play later
Play later
Lists
Like
Liked
12:10
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, an…
…
continue reading
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…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN Friday Special丨China embraces “hottest” summer travel season
10:10
10:10
Play later
Play later
Lists
Like
Liked
10:10
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:/…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China Premier met major platform companies, vows more support
10:35
10:35
Play later
Play later
Lists
Like
Liked
10:35
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.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China’s credit expansion beats market expectations
9:29
9:29
Play later
Play later
Lists
Like
Liked
9:29
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.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China to extend policies to support property market
9:51
9:51
Play later
Play later
Lists
Like
Liked
9:51
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/1251fe4c76b5286…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China unveils first private investment fund regulation
10:45
10:45
Play later
Play later
Lists
Like
Liked
10:45
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.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨Key digital economy event underlines digital empowerment in real economy
8:49
8:49
Play later
Play later
Lists
Like
Liked
8:49
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.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China NEV sales for June expected to hit historic high
10:36
10:36
Play later
Play later
Lists
Like
Liked
10:36
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.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN丨China’s GDP expected to grow 5.4% in 2023: BOC report
8:26
8:26
Play later
Play later
Lists
Like
Liked
8:26
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…
…
continue reading
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.htmlBy China Business Now
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CBN Friday Special丨El Niño is officially here. Will it be an economic game changer?
10:00
10:00
Play later
Play later
Lists
Like
Liked
10:00
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…
…
continue reading