China Business Now

CBN丨Summer Davos 2023: Multinationals committed to China

Beefing up their presence in China will only move multinationals forward with stronger growth over the long term, despite rising uncertainties over decoupling and supply chain disruptions, said global business leaders on the sidelines of the Summer Davos Forum in Tianjin.

 

https://m.21jingji.com/article/20230629/herald/1a10f38cb4e8a8e4351db791d758ef56.html

CBN丨Summer Davos 2023: China makes impressive high-quality development progress with BRI

Ten years on, the BRI has attracted the participation of more than 75% of the world's countries and major international organizations, and the relevant concepts have been written into the related outcome documents of the UN and other multilateral mechanisms.

 

https://m.21jingji.com/article/20230628/herald/51a3ed527fcd5ad4c51efce0018fc272.html

CBN丨China’s economy expected to achieve annual growth target: premier

China is expected to achieve this year's economic growth target of around 5 percent, with the growth in the second quarter to surpass that in the first quarter, Chinese Premier Li Qiang said on June 27.

Li made the remarks when addressing the opening of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in north China's Tianjin Municipality.

 

https://m.21jingji.com/article/20230627/herald/d449f478c9a240b857d5fe33d05546cb.html

 

CBN丨Vacation consumption sizzles during Dragon Boat Festival holidays

China saw 106 million domestic trips during this year’s Dragon Boat Festival, 12.8% above the pre-pandemic level.

 

https://m.21jingji.com/article/20230627/herald/fe0362dfbf687c55c4336ecf7265ace1.html

CBN Friday Special丨Blind box under tighter oversight: Unravelling the mystery of “mystery shopping”

The Chinese market for mystery boxes has grown quickly, contributing to the fast expansion of domestic toymakers such as Pop Mart. The blind box selling strategy is an example of probabilistic selling or surprise offering, helping retail brands to achieve multiple goals, such as stimulating customer conversion, improving repurchase rates, and inventory clearance. 

 

https://m.21jingji.com/article/20230616/herald/d3cff9023c8a837afd7465129ca4914d.html

CBN丨China’s economic recovery continues in May: official

China's industrial output and retail sales expanded in May, as the economy maintained its recovery with continued progress in transformation and upgrading.

 

https://m.21jingji.com/article/20230615/herald/a0329820c48326c701c09a541c754180.html

CBN丨China lowered SLF rates after cutting reverse repo rate amid yuan loans decline

Following a reverse repo rate cut, China’s central bank lowered the interest rate of another liquidity adjustment tool, the standing lending facility, to further stimulate the recovery of financing demand.

 

https://m.21jingji.com/article/20230614/herald/42b463f1698f91931469691257d556b5.html

CBN丨China’s central bank cuts short-term borrowing cost

China’s central bank lowered a short-term lending rate for the first time in 10 months on May 13, in a bid to restore market confidence and prop up post-pandemic recovery in the world’s second-largest economy.

 

https://m.21jingji.com/article/20230613/herald/86cdf92009f224267c4ef24ab3c6e994.html

 

 

CBN丨Major joint-stock Chinese banks cut yuan deposit rates

Several Chinese commercial banks cut interest rates on a range of yuan deposits from May 12, following their larger peers in a coordinated move to ease pressure on profit margins and help inject liquidity into the real economy.

 

https://m.21jingji.com/article/20230612/herald/0027c9bfc600da2e9aef3cd77131d8bc.html

 

CBN Friday Special丨Theme park temptation: Does China need a third Disneyland?

Since China’s optimization of Covid policy at the end of last year,  the country’s theme park industry quickly resume strong growth and sustain recovery momentum this year thanks to a post-Covid tourism boom. 

Shanghai is putting behind three years of damage caused by the pandemic to its tourism industry. The metropolis of 25 million residents greeted 15.6 million tourists during the five-day May Day holiday this year, with long queues seen at major tourism landmarks from the Oriental Pearl TV Tower to the Wild Animal Park and Shanghai Disneyland.

 

https://m.21jingji.com/article/20230609/herald/38c925abdf2f293d8700ac1dfc62d217.html