China Business Now

CBN丨Chinese lenders offer to defer mortgage payments to up to 12 months

Banks in multiple Chinese cities such as Guangzhou, Shanghai, Beijing, Chongqing and Zhengzhou have launched deferred mortgage repayment services recently to ease the pressure on home buyers who have been impacted by the COVID-19 epidemic, with a maximum extension of 12 months, reports said on Monday.

 

https://m.21jingji.com/article/20221206/herald/45225a1412d085854ef64abdc15489b5.html

CBN丨More Chinese cities optimize COVID measures

At least a dozen cities across China have eased COVID-19 restrictions in recent days, with Shenzhen in Guangdong Province becoming the last metropolis to scrap tests for public transport and most indoor areas.

Many other first- and second-tier cities, including Shanghai, Guangzhou, Shenzhen, Tianjin, Chengdu, Zhengzhou, and Wuhan, also optimized similar anti-Covid mobility policies. Hospitals in many cities are also starting to accept walk-in patients without a recent PCR test.

 

https://m.21jingji.com/article/20221205/herald/ac0dd614efd653c359e7b62b011270d1.html

CBN丨China will use timely RRR cuts to keep liquidity ample

China will use timely cuts in banks' reserve requirement ratio (RRR), which is the amount of cash that banks must hold as reserves, alongside other monetary policy tools, to keep liquidity reasonably ample.

 

https://m.21jingji.com/article/20221124/herald/cfa1d45af2f058328c2471a5581a7425.html

CBN丨China’s cross-border capital flows stable: forex official

China's cross-border capital flows are stable and there is great potential for global capital to be allocated, given the international appeal of yuan financial assets.

 

https://m.21jingji.com/article/20221123/herald/91d27a81f8cb44627179698d6b7e0820.html

CBN丨Chinese regulators stress to facilitate real estate financing

China's financial regulators on Monday stressed the need for facilitating financing for the real estate sector at the Annual Conference of Financial Street Forum 2022, as more financial support would be in the pipeline to stabilize the sector.

 

https://m.21jingji.com/article/20221122/herald/b3706b3718c7db6b26d150f246a22d0d.html

CBN丨Chinese elements shine at Qatar World Cup

FIFA World Cup opens in Doha, Qatar, with Chinese elements seen in and out of the stadium.

China Railway Construction Corporation designed and built one of the Qatar World Cup's main stadiums, Lusail Stadium, which is the largest and most advanced one among professional soccer stadiums built by Chinese enterprises. In addition, Chinese firm Unilumin is the provider of the LED big screen for the World Cup.

The Al-Qasar 800-megawatt photovoltaic plant designed and built by the Power Construction Corporation of China has been put into operation, providing green energy to the World Cup. China Energy Engineering Corporation and China Gezhouba Group took part in building the super large impounding reservoir, offering clear drinking water to the World Cup.

 

https://m.21jingji.com/article/20221121/herald/1e97dfa803e5457e396698a7da76485b.html

CBN丨China maintains recovery despite newfound challenges

China's economy has maintained the recovery trend in October with steady growth in industrial production and investment, while consumption was still weak amid pressures from renewed COVID-19 outbreaks.

 

https://m.21jingji.com/article/20221115/herald/71cc35f83b12dbe65447cb8c74a09139.html

 

 

CBN丨China outlines 16-point plan to stabilize healthy development of property sector

Chinese e-commerce platforms saw sales jump 13.7% to 1.1 trillion yuan over the course of this year’s Double 11 shopping festival. Gross merchandise volume at e-commerce sites such as Alibaba’s Tmall marketplace, JD.com, and Pinduoduo, rose 2.9% to 934 billion yuan between Oct. 24 and Nov. 11 from a year ago. The GMV for livestreaming e-commerce platforms, including Douyin, Diantao, and Kuaishou, soared 146% to 181.4 billion yuan. For the first time since the first Double 11 in 2009, Tmall and JD did not disclose their GMVs for the annual retail extravaganza. 

 

https://m.21jingji.com/article/20221114/herald/bc98548cc0af8567a53650d789cd0823.html

CBN丨China’s consumer inflation eases to seven-month low in October

China's inflation fell to its slowest pace in seven months, in October, due to a high comparison base and softer consumer demand. The country's consumer price index, a main gauge of inflation, rose by 2.1% year-on-year in October, a seven-month low, down from 2.8% in September.

 

https://m.21jingji.com/article/20221109/herald/fc67afabe0fedd8bc70390700689c056.html

CBN丨NDRC rolls out 21 measures to boost private investment

China's top economic planner on Monday issued 21 measures to support the private investment, saying that it would further support the participation of private investment in key infrastructure projects, science and innovation. 

 

https://m.21jingji.com/article/20221108/herald/90d9601ee5a2b313ba63670db1d47648.html