China Business Now

CBN丨China’s industrial activities continue recovery, with high-tech production leading

China's industrial output jumped 3.4% annually in the first half of 2022, data from the Ministry of Industry and Information Technology (MIIT) showed on Tuesday. During the January-June period, high-tech manufacturing saw a 9.6-percent increase from the first six months last year, significantly higher than other industries. 

 

https://m.21jingji.com/article/20220720/herald/eaab463fd27027547e554a442a1e9a93.html

CBN丨Guangdong’s GDP grew 2 percent in H1

Guangdong's major economic indicators achieved positive growth in the first half of the year as a slew of stimulus measures has been implemented, with total GDP expanding 2 percent year-on-year to reach 5.95 trillion yuan.

 

https://m.21jingji.com/article/20220719/herald/82db9f3d12b53a8db11b0b5784ef2d9f.html

CBN丨CSIRC asks banks, insurers to ensure deliveries of pre-sold homes

Chinese banking and insurance regulator makes fresh pledge to deal with the risks associated with five rural banks in Henan and Anhui provinces in accordance with laws and regulations, as well as to ensure financial services for the delivery of home projects.

 

https://m.21jingji.com/article/20220718/herald/9acb8fcfbbf907bd7402809e26c6bf3f.html

CBN丨PBOC sees liquidity as ’ample’ in sign a rate cut is less likely

China's central bank will make reasonable use of policy tools and further encourage financial institutions to reduce corporate financing costs, and will continue to formulate monetary policy mainly based on domestic factors.

 

https://m.21jingji.com/article/20220714/herald/2f8c5755c5e372c596e56845d80e8613.html

CBN丨China’s foreign trade up 9.4% in first half

China's foreign trade recovery continued in the first half of 2022, with the country's total imports and exports expanding 9.4 percent year-on-year, underlying a steady overall economic rebound amid the government's policy package to stabilise the economy while putting COVID-19 flare-ups under control through targeted measures.

 

https://m.21jingji.com/article/20220713/herald/760686b38d967b0e9fa8d58634a9de2c.html

CBN丨China’s new yuan loans beat estimates in June amid ramped-up pro-growth measures

China's new yuan loans came in at 2.81 trillion yuan ($418.89 billion) in June, beating previous market estimates, central bank data showed on Monday, as a flurry of pro-growth measures were rolled out to anchor the economy toward a brisk turnaround.

 

https://m.21jingji.com/article/20220712/herald/60f5abddbe9da49d0c262cc196f1d0b4.html

CBN丨China’s CPI grows 2.5% in June, fastest in a year

China's June CPI rose 2.5 percent year-on-year, expanding from 2.1 percent in May, but was unchanged month-on-month. Experts said consumer inflation came in slightly higher than market expectations, warning of pressures from rising pork prices, imported inflation risks and a gradual pickup in demand.

 

https://m.21jingji.com/article/20220711/herald/c6762f0112f337f320fde01394ce2505.html

CBN丨China studying extending tax exemption for NEVs

China is looking to extend a tax exemption for new electric vehicles (NEVs) as part of efforts to encourage car purchases.

 

https://m.21jingji.com/article/20220707/herald/c02a52f2b82ae2f3bc3af319e4080efc.html

CBN丨China’s economy expected to improve amid supportive policies in H2: BOA report

The Bank of China believes the Chinese economy will see improvements in the second half, while the world is facing further slow down and high inflation.

 

https://m.21jingji.com/article/20220706/herald/6bb80aa347499889acaf026896dd7360.html

CBN丨China’s NDRC vows to stabilise hog prices by cracking down on price gouging

China’s top economic planner said it will take measures to prevent rapid pork-price increases when it deems appropriate, following steady gains the past three months for the key component of consumer inflation.

 

https://m.21jingji.com/article/20220705/herald/2fb5a5952f2f7f92f2623a6b916945da.html