China Business Now

China Business Now丨 China scratches written exams for 6 and 7-year-olds

China’s Ministry of Education is putting “double reduction” on top of their working list as the new semester begins. The Department of Basic Education has ordered schools to strictly follow a few instructions at a news conference today.

https://m.21jingji.com/article/20210830/herald/b21d06e12f1bd6d9cc1362a3db7bd098.html

 

China Business Now丨New online regulations to control irrational “fan circle”

China's top internet watchdog has made another power move to regulate irrational fan culture. The Cyberspace Administration of China issued requirements in a notice on Friday, clarifying that all celebrity ranking lists should be canceled except for those involving music, TV or film.

https://m.21jingji.com/article/20210827/herald/6582a0b117d5d5b484980c8e85e2fc3f.html

 

China Business Now丨Beijing will rotate teachers in a bid to promote fairness

Beijing announced yesterday it will test job rotation for both school officials and teachers in an effort to make education more equitable and avoid the concentration of the best staff in only a small number of institutions.

https://m.21jingji.com/article/20210826/herald/3848e14aeac764a261a62e49a54ba279.html

 

China Business Now丨Hong Kong has key role in China's 14th Five-Year Plan

China's 14th Five-Year Plan offers historic opportunities for Hong Kong to further integrate into the country's national development, and Hong Kong could make a significant impact in advancing the plan as the city plays a unique and irreplaceable role in the nation’s reform and opening-up.

https://m.21jingji.com/article/20210825/herald/c69fbdad99754929121147222920bb9c.html

China Business Now丨China’s foreign trade to face tougher H2 as cross-cycle adjustments strengthen

China’s international trade will enter choppy waters for at least half a year, after it hit a record high of 24.5 percent in the first six months of 2021.Foreign trade is cooling off in the second half as the one-off factors driving it recede. And the situation could get even worse next year, warned the country’s minister of commerce Wang Wentao on the government briefing yesterday.

China Business Now丨China reported zero local COVID cases over weekend

The result shows China’s zero-case strategy has once again proved effective, and the country is poised to put economic recovery back in full gear. There’s no otherwise, in case you should wonder, what if China doesn’t take the zero-case approach? Well, just look around, I think you’ll come to your sense. 

China Business Now丨China called for positive direction in Afghanistan’s rebuilding

Chinese State Councilor and Foreign Minister Wang Yi responded on Thursday that the international community should encourage Afghans toward a positive direction instead of exerting more pressure as the situation is still unstable and the country faces uncertainties. He stressed China's willingness to continue to play a constructive role on the Afghanistan issue under the premise of non-interference in its internal affairs. 

China Business Now丨Tencent profits rose 29% in Q2, funding 50b yuan to promote “common prosperity”

“Common prosperity” seems to be on the agenda of the web giants’ sustainable development strategy, resonating with President Xi Jinping’s important remark on Tuesday. Tencent announced yesterday that it would set up another 50 billion yuan fund to support low-income groups, rural revitalization, as well as the medical and education system.

China Business Now丨Xi stressed prosperity must be common good; Baidu launched self-driving taxi app

President Xi Jinping made this remark on Tuesday while presiding over the 10th meeting of the Central Committee for Financial and Economic Affairs. Xi has underscored the need to promote the common prosperity of all people through high-quality development and called for coordinated efforts to prevent and defuse major financial risks the nation might face. 

CBN丨China to prevent online unfair compeion; Chinese emby in Kabul is operating normally

China's top market regulator on Tuesday released draft rules preventing unfair competition in the internet sector. The rules were drafted to maintain fair competition in the market order, protect the legitimate rights and interests of operators and consumers, and promote the standard, sustained and healthy development of the digital economy, the State Administration for Market Regulation said.