China Business Now

CBN丨China, US commerce authorities to establish new working group

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

CBN丨China halves stamp duty on stock trades

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.html

CBN Friday Special丨Qixi Festival: What’s behind the newfound popularity of Chinese Valentine’s Day?

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/20230825/herald/f4f562d61029601d62a595b9f39debc4.html

CBN丨China imposes import suspension on Japanese aquatic products

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 discharge of nuclear-contaminated water from the destroyed Fukushima Daiichi Nuclear Power Plant into the Pacific Ocean on August 24.

 

https://m.21jingji.com/article/20230824/herald/0f5ac93c543b9cc89be9330c6bd5ce15.html

CBN丨China released preferential tax policies for investors

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 goods futures market, ramping up the implementation of the innovation-driven development strategy and boosting the development of venture capital enterprises.

 

https://m.21jingji.com/article/20230823/herald/ff92bc214ba1b66d82d0f7359227df91.html

CBN丨Chinese fund managers put 850 million yuan in own funds

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

CBN丨China cuts 1-year lending rate, keeps 5-year unchanged

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.html

CBN Friday Special丨Turn on the “fun night mode”: Creative models heat up China’s night economy

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 hours. Sports venues and gyms are full of sweaty people. A series of music festivals, concerts and dramas offer art lovers plenty of choices.

 

https://m.21jingji.com/article/20230818/herald/7f14e1ea4a9187d52f2ceead97e7ac5a.html

CBN丨China will work to achieve growth targets: Chinese Premier

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.

 

https://m.21jingji.com/article/20230817/herald/22b7c2195e823a59f651c284d12bff55.html

CBN丨China’s home prices down further in July

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.html