China Business Now

CBN丨China’s cabinet outlines 33 measures to stabilise growth amid tests

China's cabinet released 33 measures including increasing government procurement support for small and medium-sized enterprises, enhancing the support of financial institutions for infrastructure construction and major projects and promoting bulk consumption such as automobiles and home appliances, vowing to stabilize the national economy during the second quarter.

 

https://m.21jingji.com/article/20220531/herald/cdb736ea1aa962bdad7b10d1e9e1b6a0.html

CBN丨Shanghai enacts 50-measure post-lockdown action plan

Shanghai authorities sent a clear signal of economic stabilisation by rolling out a total of 50 stimulus measures to support the local economy, with a focus on business resumption and employment stabilisation, as the city inches toward a full recovery from the most severe COVID-19 outbreak. 

 

https://m.21jingji.com/article/20220530/herald/4edbb4fc5c49542737a840e6dad4a8f7.html

CBN丨China’s central bank and top banking regulator called on banks to boost lending

Chinese Premier urged local governments to seize the time window and bring economy back on track at an unprecedented meeting.

 

https://m.21jingji.com/article/20220527/herald/b112962e3e35f61598687873f4ed9a47.html

CBN丨China’s central bank and top banking regulator called on banks to boost lending

Chinese authorities have pledged to increase credit issuance and enhance financial support for key businesses and fields as the economy’s downward pressure continues to increase and market entities are struggling.

 

https://m.21jingji.com/article/20220525/herald/86392a8dafb293ba68984090e44a4697.html

CBN丨China pours on additional 140 billion yuan in tax relief in a 33-measure package

China rolled out a broad package of 33 measures to support businesses and stimulate demand, as it seeks to ensure that the economy returns to a normal track and offset the damage from Covid lockdowns.

 

http://www.21jingji.com/article/20220524/herald/854cba89400dd230ea3ca8f1585c9aee.html

CBN丨China’s stable economic growth is of great significance to global recovery: WEF president

China's stable economic growth is of great significance to global recovery, and "what happens in China, of course, has (a) huge impact on the rest of the world, and vice versa," World Economic Forum (WEF) President Borge Brende said in a recent interview. 

 

http://www.21jingji.com/article/20220523/herald/273846f0ab2b11029c94f01c31b28fac.html

CBN丨Chinese Premier calls for increased urgency in taking new measures to keep economy stable

Chinese Premier Li Keqiang called on local officials to increase the sense of urgency and take as many feasible new measures as possible in May to keep the economy operating in a reasonable range, during a meeting in southwest China's Yunnan Province on Wednesday, while vowing that the country will safeguard employment and people's livelihood by means of stabilizing market entities.

 

https://m.21jingji.com/article/20220519/herald/40bd38097d24eb4907316431bcbd3ebb.html

CBN丨China’s top political advisor offers major boost for internet firms

China will support the sound and sustainable development of the digital economy and support digital enterprises to list in domestic and overseas capital markets, offering a major boost for internet companies that are facing a complex development environment.

 

http://www.21jingji.com/article/20220519/herald/3b799ff6653aa91d11194ac470c60855.html

CBN丨Darkest hours over? Policy relaxation intensifies on real estate sector to inject confidence

A total of 36 Chinese cities introduced policies to support the property market within the first 15 days in May, according to incomplete statistics, indicative of policy relaxation to shore up home sales. 

 

https://m.21jingji.com/article/20220517/herald/26548565979c9d33cc18635bf77a40b9.html

CBN丨China’s industrial output and retail sales drop in April, but fundamentals of economy unchanged

China's April industrial production contracted by 2.9 percent year-on-year, while retail sales were down 11.1 percent, as effects of Omicron flareups' disruptions on the economy further deteriorated.

 

https://m.21jingji.com/article/20220516/herald/768d6c4746288a187687bcadfbb66d40.html