China Business Now

CBN丨RECP kicks off with a strong start

As RCEP came into force on January 1, 2022, a number of Chinese exporters said they have significantly benefited from it, since the agreement has helped lower tariffs and raise competence. 

 

https://m.21jingji.com/article/20220104/herald/0093a2ae1680b791d1f73ca7d4da4751.html

CBN丨RECP is ready: China to enforce world’s biggest free-trade deal on Jan.1

China is ready to implement the Regional Comprehensive Economic Partnership (RCEP), which will come into effect on January 1, 2022, starting a new era for the world’s biggest trading bloc. 

 

https://m.21jingji.com/article/20211230/herald/df41c54037fcc0d71dbfea31df9628a5.html

CBN丨Yi Gang: The structural adjustment of property market is conducive to form new development model

China's financial system is running stable, financial risks under control, and expectations for the property market have improved with structural adjustment, Yi Gang, chief of China's central bank, said, while reassuring investors and refuting foreign media's exaggeration over Evergrande in the recent days.

 

https://m.21jingji.com/article/20211229/herald/e0efaffa76fb2b0c25cd27bd268840b3.html

CBN | What do China’s new investment rules mean for foreign investors and VIE structures?

Chinese companies engaged in businesses that are barred from foreign investment can now file for offshore share sales as long as they win regulatory approval and cap foreign ownership.

 

https://m.21jingji.com/article/20211228/herald/054aa7579b5955aa7e9af58fe422c2e8.html

CBN丨Chinese people’s rice bowl must be firmly held in their hands

Experts pointed out that with the country’s continuous efforts to expand the production capacity of soybeans and oilseeds, China’s reliance on imports will go down, while demand and supply for soybeans have both gradually stabilized.

 

https://m.21jingji.com/article/20211227/herald/151c3498e3f8848ccf0e0517b073f362.html

CBN丨Xi met with HK and Macao chief executives during their annual report trip

President Xi Jinping met with Chief Executive of Hong Kong Carrie Lam and Chief Executive of Macao Ho Iat Seng on Wednesday on their annual duty visit to Beijing. 

 

https://m.21jingji.com/article/20211223/herald/92fd8f634b511c6d581c569a0800b20c.html

CBN丨Darkest hour：Xi’an faces dual threats of COVID-19 and hemorrhagic fever

Northwest China’s Xi'an is making all-out efforts to contain Covid-19 and hemorrhagic fever.

 

https://m.21jingji.com/article/20211222/herald/6626e9937f9e257f28687e01a07f75aa.html

CBN丨The fall of a “queen”: China‘s top live-streamer fined 1.34b yuan for tax evasion

China's “queen of online sales” went offline within 6 hours last night since authorities announced that she has been fined a flabbergasting 1.34 billion yuan for tax evasion, in the country’s latest step to regulate the booming live-streaming e-commerce industry.

 

https://m.21jingji.com/article/20211221/herald/ae4bbf36e509c8ea41e14e811ce66ea4.html

CBN丨First cut in 19 months: China lowers 1-year LPR amid mounting economic pressures

China’s central bank cut a benchmark lending rate on Monday for the first time since April 2020 during the height of the pandemic in the country. The one-year loan prime rate was set at 3.8 percent versus 3.85 percent in November, according to a statement from the People’s Bank of China (PBOC) on Monday. The five-year loan prime rate, a reference for mortgages, was unchanged at 4.65 percent. 

 

https://m.21jingji.com/article/20211220/herald/54b303ba4460512aa8d287fe21372b62.html

CBN丨China slams US on reported sanctions on SMIC and other Chinese firms

Shares of China’s biggest chipmaker and several of its largest pharmaceutical firms sank on Wednesday on fears that Washington will slap investment and export sanctions against more companies. US will add eight Chinese companies, including leading drone manufacturer DJI Technology, to an investment blacklist on Thursday. American investors are barred from investing in companies bearing that label. The firms named were already on a separate blacklist that bans them from accessing American technologies.

 

https://m.21jingji.com/article/20211216/herald/83dee8aef03a155e9e5772d58e790f55.html