China Business Now

CBN Friday Special丨China embraces “hottest” summer travel season

As China braces for the most scorching summer since 2016, the country’s tourism market is also heating up in step and on track to comprehensively exceed that of 2019. 

Airports and train stations nationwide have been busy in the first week of July, with people taking vacations, visiting family and friends, and students going on summer trips.

 

https://m.21jingji.com/article/20230714/herald/69e990e4feb6319227436f4d6b8ed941.html

CBN丨China Premier met major platform companies, vows more support

Chinese tech stocks are rallying after top government officials indicated a shift from reining in the companies’ influence to helping them grow and strengthen China’s position on the world stage.

 

https://m.21jingji.com/article/20230713/herald/7b89704fd36c8700be187ea5635022b6.html

CBN丨China’s credit expansion beats market expectations

China reported stronger-than-expected credit expansion in June after the People's Bank of China cut policy benchmarks for interest rates last month.

 

https://m.21jingji.com/article/20230712/herald/fe0a1ffab2d828a1789414184e8291e7.html

CBN丨China to extend policies to support property market

China's top financial regulators announced on July 11 that financial support measures for qualified real estate developers, taken in November 2020, will be extended through the end of 2024, in order to continue to guide more financial support for firms and to ensure deliveries of homes.

 

https://m.21jingji.com/article/20230711/herald/1251fe4c76b5286252349d9a3d899cc7.html

CBN丨China unveils first private investment fund regulation

China unveils first private investment fund regulation, while public fund manager fees are set to be lowered.

 

https://m.21jingji.com/article/20230710/herald/4a50272a4625b2de6bdc19df4d1e4f56.html

CBN丨Key digital economy event underlines digital empowerment in real economy

The revenue of China's digital economy reached 50.2 trillion yuan in 2022, ranking second in the world and equivalent to 41.5% of the country's GDP.

 

https://m.21jingji.com/article/20230706/herald/1d274730a7f7d9902f7e3b8498e27e38.html

CBN丨China NEV sales for June expected to hit historic high

China Passenger Car Association (CPCA) predicts that the country's wholesale volume of new-energy vehicles (NEVs) from January to June 2023 could reach 3.53 million, representing a 44% year-on-year increase.

 

https://m.21jingji.com/article/20230705/herald/27e2e9237c892d2eb43fd2acfade28b6.html

CBN丨China’s GDP expected to grow 5.4% in 2023: BOC report

China's GDP is expected to grow 5.4 percent in 2023, according to a report by the Bank of China Research Institute released on Monday. The global services sector recovered steadily in the second quarter of this year and the trend will continue in the third quarter.

 

https://m.21jingji.com/article/20230704/herald/939c14387068b60c46151c5424d962c8.html

CBN丨Pan Gongsheng is named PBOC Party chief

Pan Gongsheng, who has served as one of the People’s Bank of China’s deputy governors for over a decade, was named the new party secretary of the country’s central bank.

 

https://m.21jingji.com/article/20230703/herald/efe022954ebef3f048da60224b0ca271.html

CBN Friday Special丨El Niño is officially here. Will it be an economic game changer?

The entire world has been experiencing extreme temperatures. Researchers have indicated that with rising ocean temperatures worldwide and the onset of El Niño in the Pacific, 2023 could potentially become the hottest year on record.

 

https://m.21jingji.com/article/20230630/herald/8c35dff35ffb95b231f8e488617fd655.html