China Business Now

CBN丨China contributed 18% to global economy in 2021, while CO2 emission down 34% in past decade

China’s economic growth hit 114 trillion yuan last year, while CO2 emissions per unit of GDP fell by 34 percent over the past decade.

 

https://m.21jingji.com/article/20220512/herald/a5c837a5eeb0b0e8ea52fe649aa05d35.html

CBN丨China to make better use of structural monetary policy tools

China’s central bank vows to use multiple policy tools and prioritise stability in complex and uncertain environment. All monetary policy tools will be leveraged to keep reasonable and ample liquidity, and to strengthen the stability of growth in credit, the bank said, adding that it will maintain the basic stability of the macro leverage ratio.

 

https://m.21jingji.com/article/20220510/herald/70bc8ca1f173c9c4bcd95abd6adaf7bc.html

CBN丨China’s foreign trade grew 7.9% in Jan-Apr, showing strong economic resilience

China’s exports sector grew 3.9 percent on a yearly basis to stand at $274 billion in April, the lowest level since July 2020, as a wave of coronavirus outbreaks in multiple Chinese cities weighed on the sector.

 

https://m.21jingji.com/article/20220509/herald/fc40f5ccf6895607b1d435ecc9966e3c.html

CBN丨China announces more measures to shore up small firms

China mapped out a slew of measures to relieve difficulties for micro enterprises and individual businesses, as well as help export companies to cope with challenges, meanwhile authorities also vowed to stick to the zero-COVID policy.

 

https://m.21jingji.com/article/20220506/herald/e47e679b205010faacdfa0aedf10d2e1.html

CBN丨Labor Day tourism takes hit amid epidemic jitters while short-distance trips get popular

China's domestic tourism market has seen a new trend in customer behaviour, with a change from trans-provincial travel to short community-based trips, as epidemic prevention and control entered a new phase during the five-day Labor Day holiday.

 

https://m.21jingji.com/article/20220505/herald/ca255a05d263c07e7b7693a819e3f8fc.html

CBN丨State Council vowed to stabilise employment as college grads number hit record high

China will keep employment stable by supporting market entities and boost job creation since college graduates face shrinking jobs as ministry estimates over 10 million will hit market in 2022.

 

https://m.21jingji.com/article/20220428/herald/919894d9f2a55242c91227b452cedcdb.html

CBN丨Top financial meeting stresses pivotal role of infrastructure construction

Stocks in the infrastructure sector shot up on 28th April with a few hitting the daily limit-up, as a top financial meeting on Tuesday stressed that China will put more efforts to strengthen the construction of infrastructure to lead industrial development.

 

https://m.21jingji.com/article/20220427/herald/2033f97e957e9da436b0dbf6324e9013.html

CBN丨China to cut banks’ forex RRR by 1% as offshore yuan broke 6.60 per USD

The People's Bank of China (PBC) on Monday evening announced to cut foreign exchange reserve requirement ratio(RRR) for financial institutions by 1 percentage points to 8 percent amid the yuan' accelerated depreciation. According to the central bank, the cut intended to shore up the capacity of financial institutions to use foreign exchange funds, will take effect on May 15.

 

https://m.21jingji.com/article/20220426/herald/6bfb5d368f8301226f59b56ec7210661.html

CBN丨Guangdong’s GDP reached 2.85 trillion yuan in Q1, up 3.3 percent YoY

China’s economic powerhouse Guangdong posts slower but generally steady growth in GDP in Q1. Guangdong's GDP reached 2.85 trillion yuan in the first quarter, up 3.3% year-on-year.

 

https://m.21jingji.com/article/20220425/herald/327f0496fe73f689952c439c0874911b.html

CBN Friday Special丨How hardcore techs help in the fight against pandemic?

Technology is helping with COVID-19 prevention and control. And apart from having nucleic acid tests, Chinese residents can now conduct COVID-19 testing at home with antigen test kits. It only takes 15-20 minutes to get a result, which makes early-phase detection of the virus much easier. Singapore has rolled out mobile apps to alert individuals when an infected person was present in their immediate vicinity. And in the UK, an app recording proximity events between app users make it possible for people to be notified instantly when their recent contacts test positive for COVID-19. A study published on Nature shows that a large number of cases were averted by the app.

 

https://m.21jingji.com/article/20220422/herald/cc988be4645375ee183b598e1966be29.html