China Business Now

CBN丨China’s foreign trade up 9.5% in Jan-Oct

China's foreign trade rose 9.5% year-on-year in the first 10 months of the year, maintaining steady operation characterized by close regional cooperation and an increasingly diversified international market layout. 

 

https://m.21jingji.com/article/20221107/herald/f8f4f2a00c1f0fc7c4af7128f3536250.html

CBN丨Chinese officials urge financial institutions to be more self-reliant

China's newly established financial stability fund, its deposit insurance fund and other industry security funds shall not be used as the go-to bailout option while the country is dealing with financial risks.

 

https://m.21jingji.com/article/20221103/herald/eb8866476458b80040acbbee3e5b728d.html

CBN丨Hong Kong holds three-day summit with top global financiers

China's central bank governor Yi Gang said on Wednesday that the potential growth rate of the Chinese economy will remain within a reasonable range and the yuan will remain stable against a basket of currencies, adding that structural reform will continue to fuel China's economic growth.

 

https://m.21jingji.com/article/20221102/herald/364d004b55c4b46c16d73ad25df4e1ab.html

CBN丨Shenzhen urged to explore fiscal, tax innovations to drive high-quality economic development

China’s Ministry of Finance announced 14 measures on Monday to support the city of Shenzhen, South China’s Guangdong Province, to explore innovative fiscal and taxation policies that will facilitate high-quality economic development and technological breakthroughs, and further accommodate its role as a pilot demonstration area of socialism with Chinese characteristics.

 

https://m.21jingji.com/article/20221101/herald/1df1be1e941bf8e3e3f86a1748ec7154.html

CBN丨China’s manufacturing PMI at 49.2 in October

China's official manufacturing Purchasing Managers' Index (PMI) fell into contraction in October. The official PMI came in at 49.2 October, down 0.9 percentage points from September, due to frequent outbreaks of COVID-19 in the country and economic recovery needs further consolidation.

 

https://m.21jingji.com/article/20221031/herald/9370a0b4c7007335c85548571a58aa03.html

CBN丨China’s industrial profits down 2.3% in first nine months

Profits at China's industrial firms shrank at a faster pace, slip 2.3% in first 9 months of 2022, amid pressures from high costs and a grimmer, more complicated international situation. 

 

https://m.21jingji.com/article/20221027/herald/78261346558d939cb1a99066de60313e.html

CBN丨China to bring in consumption tax on e-cigarettes next month

China will introduce a consumption tax for vaping devices from November, as part of a series of measures the government has taken in the past year to bring the burgeoning new sector more in line with that of traditional tobacco products.

 

https://m.21jingji.com/article/20221026/herald/a33550f634dacccacd3f24de4ea7e555.html

CBN丨Pre-sales of Double 11 shopping spree kick-start on multiple platforms

Major Chinese e-commerce platforms have fired their opening salvos for the Singles' Day shopping festival with enticing incentives for both consumers and merchants, as the world's second-largest economy gears up for the annual buying spree.

 

https://m.21jingji.com/article/20221025/herald/60a886b581befdb6fdae754f9aac8a8a.html

CBN丨China’s Q3 GDP expanded by 3.9%

China's gross domestic product grew by 3.9 percent year-on-year in the third quarter, up from 0.4 percent in the second quarter, posting a steady rebound despite factors beyond expectations.

 

https://m.21jingji.com/article/20221024/herald/268a318212046fb32a103013a9f6b303.html

CBN丨China’s economic planner reveals basket of policies to lift investment and consumption

China's National Development and Reform Commission unveiled a basket of policies to further propel the economy from urging construction projects to boost NEVs consumption.

 

https://m.21jingji.com/article/20220920/herald/2e550ef26a791039275a4b411a75e97a.html