China Business Now

CBN丨Chinese authorities sign agreement with U.S. on audit oversight

China and US reached a milestone audit deal, paving way to halt the tide of US delistings by Chinese firms.

 

https://m.21jingji.com/article/20220829/herald/75efaf0c33390c5efafd015ac8081041.html

CBN Friday Special丨How secondhand luxury market catches fancy of Chinese customers

According to the China Luxury Consumption Behavior Report 2022 data at the University of International Business and Economics, young millennial account for the highest proportion of consumers in both online and offline consumption and are the mainstay of current luxury consumption. Younger Gen-Z accounted for 24.7% of online consumers. Data from the second-hand luxury resale platform Plum showed that more than 70% of its users were born after 1990. 

 

https://m.21jingji.com/article/20220826/herald/aa398795d8bb291f0f34644a89e7f7f9.html

CBN丨China rolls out 19 targeted measures to tackle various economic challenges

China's State Council unveiled 19 policy measures that add up to over 1 trillion yuan, specifically aimed at various economic challenges such as extreme weather and the troubled housing market, in the latest effort to boost the recovery of the world's second-largest economy that's grappling with record-setting heat waves, sporadic COVID-19 outbreaks and falling market sentiment.

 

https://m.21jingji.com/article/20220825/herald/56d120a444ba52c595689306d2d8b55b.html

CBN丨Sichuan’s 67 thermal power plants at extra capacity to help relieve shortage

Amid heat waves in Southwest China's Sichuan Province that have caused an ongoing energy shortage, forcing the province to curb industrial power use for more than one week, Sichuan's coal-fired plants have been firing on all cylinders and generating power over designed capacity, as a national effort to combat a rare drought goes into full play. 

 

https://m.21jingji.com/article/20220824/herald/aa65aac185b6a25e04c26fb6d109ae87.html

CBN丨China’s central bank calls on lenders to stabilise credit growth

China’s central bank called on major financial institutions to take the lead in keeping credit growth stable with the nation’s economy at a critical moment. 

 

https://m.21jingji.com/article/20220823/herald/e101ae71f0a463da430fc9d9e7bc1ecb.html

CBN丨China cuts benchmark LPRs for 2nd time this year to shore up economy

China cuts mortgage reference rates by 15 bps to 4.3% to inject confidence in real estate market.

 

https://m.21jingji.com/article/20220822/herald/923e630feaf02b9e11d10c9ef69c7ea4.html

CBN丨Premier Li pushes economic powerhouse to rev up recovery, promises tax supports for NEVs

Chinese premier Li Keqiang stresses seeking new impetus for recovery and reiterates commitment to opening-up during his visit to Shenzhen.

 

https://m.21jingji.com/article/20220818/herald/e89295c80ca64dc7296d1c40a1c67050.html

CBN丨Economic powerhouses should have greater sense of urgency to stabilise recovery: Premier Li

Chinese Premier Li Keqiang called on six provincial level economic powerhouses to take the lead to stabilise the economy, as a greater sense of urgency is needed to strengthen the foundations for recovery, after China's July economic data showed continued recovery but with minor fluctuations.

 

https://m.21jingji.com/article/20220817/herald/6595b93beb68316a9d7b1a05154e3c72.html

CBN丨China’s property sector faces downward pressure in July but will remain stable: NBS

China’s real estate market softened again last month, ending a two-month recovery, as home sales almost halved from June and prices in second- and third-tier cities fell, and national real estate development investment saw a year-on-year decline.

 

https://m.21jingji.com/article/20220816/herald/0a357a4b6137b2bfb52a4fa5c0ee84e5.html

CBN丨China’s economy maintains recovery in July

China released its main economic indicators for July, maintaining growth momentum from June as the world's second-largest economy is on track for a strong economic recovery amid government stimulus, but a lower-than-expected expansion pace signals headwinds linked to global uncertainty and sporadic COVID-19 flare-ups.

 

https://m.21jingji.com/article/20220815/herald/c47a1cd5e380dfd3859ba79f816fb4e7.html