China Business Now

CBN丨China rolls out long-awaited private pension program

China will soon enter a new era of "private pensions”, which is set to complement the nation's current pension system in its latest effort to tackle the strains of an ageing population. The new mechanism allows Chinese citizens to contribute up to 12,000 yuan (about $1,872) annually to individual pension accounts.

 

https://m.21jingji.com/article/20220421/herald/e6f07883317cc959e38072dde2296f7c.html

CBN丨Shanghai’s manufacturing engines starts running again as “whitelist” system put to work

China has recently launched the first batch of 666 Shanghai firms that are eligible for resumption, many of which are in the manufacturing sector, such as carmakers, chip producers and pharmaceutical firms. Manufacturing firms have started to resume production despite the strict COVID-19 control measures in the city.

 

https://m.21jingji.com/article/20220420/herald/07dab404a9b5d856178ebf04e39d9bc7.html

 

CBN丨China steps up financial services and supports for logistics to help those hit by pandemic

China will increase financial support for industries, enterprises and people affected by the epidemic, guide financial institutions to expand the scale of loans and make appropriate interest concessions to the real economy, and better deploy inclusive financing for micro and small firms.

 

https://m.21jingji.com/article/20220419/herald/d3e5b5ef9964ad19666c28afee714f9f.html

CBN丨China’s GDP rises 4.8% year-on-year in Q1

China's first-quarter GDP expanded 4.8 percent to reach 27 trillion yuan compared to a year ago amid pressures from a more complicated and grimmer international environment and a resurgent of COVID-19 cases.

 

https://m.21jingji.com/article/20220418/herald/9d190a65bc6bf5a042a269adbb2dc196.html

CBN Friday Special丨China’s anti-telecom fraud campaign bears fruit

China has developed the app "National Anti-fraud Center," which is designed to remind users of suspected fraudulent activities in various forms, including phone calls, text messages, or dubious apps and websites. It also offers a convenient reporting service in case users get involved in suspicious activities in their daily life. Dozens of anti-fraud lectures are also included in the app. Since its launch in mid-March 2021, the app has quickly become one of the most downloaded free apps in Apple’s App Store in China. 

 

https://m.21jingji.com/article/20220415/herald/b29ea0e7d2da46f191f5ba8812357aeb.html

CBN丨China’s cabinet hinted cut in RRR this week

China will use policy tools, including RRR cuts in a timely way, to support the real economy, especially industries and small firms hit by the COVID-19 pandemic, and will lower financing costs, according to the State Council's Executive Meeting chaired by Premier Li Keqiang. 

 

https://m.21jingji.com/article/20220414/herald/df90f58d41b70cc9a2a32bf947155bdd.html

CBN丨China steps up stimulus with local infrastructure bond sales

China granted provinces their full allocation of special bonds to be used for infrastructure investment, an effort to step up stimulus to boost an economy overshadowed by a worsening Covid-19 outbreak. The issuance of local-government special bonds has progressed much faster and is more advanced this year than in previous years. 

 

https://m.21jingji.com/article/20220413/herald/cff04fc5366921ca3e8faade1bafbc32.html

CBN丨China’s top securities regulator unveils a 12-point plan to restore market confident

As part of the measures advocated to steady businesses’ expectations, China pledged to support financing of privately run firms through listings, mergers and acquisitions, and improve the supportive mechanism for private firms to issue bonds. The proposition vows to support listed real estate companies to actively transform to a new development model according to the law and regulations, strengthen their own risk management, and promote the virtuous cycle and healthy development of the industry.

 

https://m.21jingji.com/article/20220412/herald/c5ae13ce6acb7ab9ee35342982db5271.html

CBN丨China issues guideline on establishing unified domestic market

China unveiled guidelines for accelerating the building of a unified national market, envisioning breaking local protection and market fragmentation and unblocking key sticking points that weigh on economic circulation, as part of a wide-ranging push for an effectively regulated, fairly competitive and fully open market across the country. The new guidelines issued by the Communist Party of China (CPC) Central Committee and the State Council, set out to further unify the basic systems and rules, including those for property rights protection, market access, fair competition and social credit. 

 

https://m.21jingji.com/article/20220411/herald/845266fa2d2fca1cb187b89c61e7b28f.html

CBN Friday Special丨A shot in the arm: Awareness raised of HPV vaccination yet supply faces shortage

China has approved the production of the first domestically made vaccine against HPV at the end of 2019, before which the high prices and limited supply of imported vaccines remained a burden for many in the country. China has become the third country globally to achieve an independent cervical cancer vaccine supply. In terms of safety and efficiency, the effects of domestic vaccines are comparable to imported ones, but they cost much less.

 

https://m.21jingji.com/article/20220408/herald/885478b7987fa746a1b29048a3974c99.html