China Business Now

CBN丨15 bps in 2 month: China cuts benchmark lending rate to shore up growth

China's central bank lowers one-year and five-year LPR by 10 and 5 basis points, respectively; Beijing has been trying to keep a lid on surging home prices and debt levels in recent years, but more developers are defaulting and many construction projects have been delayed. With the property downturn seen persisting through the first half of this year, and with sporadic coronavirus outbreaks dampening consumer activity, many analysts expect more easing measures soon. 

 

https://m.21jingji.com/article/20220120/herald/b41ae0e6979baded44224b72fd61a07b.html

CBN丨Central bank vows to “hurry up” with stabilising monetary policy to stay ahead of market curve

China’s central bank pledged to roll out more monetary policy measures to help stabilise the economy, an official told a Tuesday press conference, sending an easing signal as the world’s second-largest economy faces mounting downward pressures including persistent property weakness and a fresh challenge from the recent local spread of the highly contagious Omicron variant. 

 

https://m.21jingji.com/article/20220119/herald/6e8631365d0fec963d6de7f930f4c813.html

CBN丨China population challenge: National growth rate hits record low of 0.34 per thousand

China’s shockingly low population growth in 2021 recorded a 6-decade low. Local governments have introduced their own initiatives to bump up fertility. These include giving parents more days off work, or even financial support, for having a second or third child.

 

https://m.21jingji.com/article/20220118/herald/84e23aefd9139a0a1580c90d60c1c8a2.html

CBN丨China economy: 2021’s GDP settled at 8.1%

Despite recording a rebound in economy, Chinese bureau warned that downward pressure on China’s economy is still relatively big, and growth of residents’ employment and income is restricted. Growth in the October-December quarter hit a one-and-a-half-year low, shortly after the central bank moved to prop up the economy with a cut to a key lending rate for the first time since early 2020.

 

https://m.21jingji.com/article/20220117/herald/8f02f897980650606c03b1bd8667b311.html

CBN丨Olympics 22-day countdown: China says Winter Games first one to fully implement sustainability

The Beijing Winter Olympics has strictly implemented low-carbon management, with all venues meeting green building standards and powered by renewable energy, director of Beijing 2022's general planning department said. Meanwhile, organisers of the games will build a low-carbon transportation system and carry out carbon offsets, and the Winter Olympics will be carbon neutral.

 

https://m.21jingji.com/article/20220113/herald/92b24bdaa5881f72b6c74e3c9ed8aec3.html

CBN丨China’s inflation in 2021 settled at 0.9%, well below official estimate of 3%

China's inflation gauge consumer price index (CPI) rose 1.5 percent year-on-year in December, while the factory gate prices or PPI surged 10.3 percent, both edging down compared with November's figures.

 

https://m.21jingji.com/article/20220112/herald/eb219289590df5e9d2c4b3b25a7f6afd.html

CBN丨China to accelerate key projects in 14th Five-Year Plan

China will accelerate the implementation of major projects outlined in the 14th Five-Year (2021-2025) plan for social and economic development with expanded investment, the country’s cabinet, the State Council, has decided. 

 

https://m.21jingji.com/article/20220111/herald/ed6acbbea2fb75646b17392b72f084b5.html

CBN丨Omicron alert on: China faces first real battle with Omicron in Tianjin

Tianjin fights China’s first real battle against the new variant Omicron, as the city detected 40 COVID-19 infections during the weekend, with two identified as carrying the new variant. It is the first time that cases linked to the strain were discovered in local communities in mainland China.

 

https://m.21jingji.com/article/20220110/herald/c3e6c1ba3f77137be981dcd1670f9caa.html

CBN丨2022’s first-ever anti-trust fines hit China’s biggest online platforms

The State Administration for Market Regulation (SAMR), China's top market regulator, fined a number of companies, including tech giant Tencent, e-commerce giant Alibaba and video sharing platform Bilibili, for violating the anti-monopoly law, in a fresh sign of China's continued efforts to crack down on illegal activities and ensure market order.

 

https://m.21jingji.com/article/20220106/herald/965c6dfcfb055c89350a0d254cfe474e.html

CBN丨Regulation storm continues in 2022: China sets tighter data security rules on offshore listing

China has finally hammered out details of its forthcoming cybersecurity regulation by requiring domestic platform companies with data of more than 1 million users to undergo a security review before listing their shares overseas, the latest amendment to the country's Cybersecurity Review Measures that will be effective from February 15.

 

https://m.21jingji.com/article/20220105/herald/d02ff5e55bb90edf59c13900354b9d0a.html