China Business Now

CBN丨19th China-ASEAN Expo inks record-high deals

The 19th China-ASEAN Expo has witnessed a new record of deals signed on the event. A total of 267 projects on investment and cooperation have been inked at the expo, with a total value of 413 billion yuan, representing a 37 percent year-on-year growth. 

 

https://m.21jingji.com/article/20220919/herald/f51919b9bfc0db69cd7492efbeb70065.html

CBN丨China to continue tax deferral and re-lending for smaller manufacturers

China will continue to defer tax payments for smaller manufacturers as part of efforts to revive economic activity.

 

https://m.21jingji.com/article/20220915/herald/9a31f3b536e8b7529f2af47f9d5c8e5c.html

CBN丨Premier stressed policy implementation to stabilise economic growth, employment and prices

Chinese Premier Li Keqiang has stressed the need for efforts to ensure the implementation of policy measures to stabilise economic growth, employment and prices, while calling for more policies to drive up consumption.

 

https://m.21jingji.com/article/20220914/herald/2f981bddc070a05f36a4ceff74bb727b.html

CBN丨2022 Mid-Autumn holiday tourism raked in 28.7b yuan, featuring short trips and night tours

China saw 73.41 million domestic tourist visits during the three-day Mid-Autumn Festival holiday. Domestic tourism revenue generated during the period totalled 28.7 billion yuan, a fall of 22.8 percent year-on-year. The trip number over the three-day break dropped by 16.7 percent year-on-year.

 

https://m.21jingji.com/article/20220913/herald/9ad949da7a73558fc359fd7395766fe9.html

CBN丨China’s foreign trade up 10.1 pct in first 8 months

China's foreign trade of goods jumped 10.1 percent year on year to 27.3 trillion yuan during the first eight months of the year. From January to August, exports rose 14.2 percent year on year to 15.48 trillion yuan, while imports increased 5.2 percent from a year ago to 11.82 trillion yuan. 

 

https://m.21jingji.com/article/20220907/herald/1c5dd05f46365b135bc6d09b4c87cd66.html

CBN丨PBOC cuts forex reserve ratio to prop up yuan

The People's Bank of China (PBOC), the country's central bank, announced on Monday that it would lower financial institutions' foreign exchange reserve requirement ratio (RRR) by 2 percentage points to 6 percent, to help financial institutions' ability to use foreign exchange funds. 

 

https://m.21jingji.com/article/20220906/herald/7d4ec99393a65b3943a503bb5eeaad43.html

CBN丨Six Chinese state-owned banks see a slowdown in mortgage issuance in H1

Big Chinese banks see slowing mortgage issuance in the first half. Three reasons were cited in the lenders’ financial statements: active risk control by the banks; the impact of the Covid-19 pandemic; and the decline in the real estate sector’s demand for credit. 

 

https://m.21jingji.com/article/20220905/herald/d306beed10888c5fb123dfddf2eed569.html

CBN丨China calls for more steps to improve business climate, further efforts to consolidate recovery

China will take further steps to foster an enabling business climate and lower government-imposed transaction costs, to continuously ease the burden on market players and unleash their vitality.

 

https://m.21jingji.com/article/20220901/herald/fe6c8b0668c0d888a4c5199a7b499a79.html

CBN丨China’s official August PMI rebounds to 49.4 as stimulus policies take effect

China’s official manufacturing Purchasing Managers’ Index (PMI) in August rebounded slightly from last month’s level to stand at 49.4.

 

https://m.21jingji.com/article/20220831/herald/d181a9d9f22105ae6420f49baab1cd33.html

CBN丨Yuan softens amid unusual dollar strength, stability in sight as China’s recovery gains pace

The People’s Bank of China fixed the Chinese yuan at 6.8802 per US dollar on August 30, after the yuan further softened to around 6.92 on Monday, hitting a fresh two-year low, as the dollar's unusual strength amid the Federal Reserve's policy tightening prompted other major currencies to devaluate. 

 

https://m.21jingji.com/article/20220830/herald/cdb71516b02324fd614de2d5005e5c7b.html