China's August new bank loans exceed expectations as financial support for real economy increases. https://m.21jingji.com/article/20230912/herald/f911678e0eea8d89d118d5e505267fc1.htmlPor China Business Now

China escalated its defense of the yuan by delivering a strong verbal warning to speculators and forceful guidance to investors with its daily reference rate, measures that pushed the renminbi up from a 16-year low. https://m.21jingji.com/article/20230911/herald/b57312f08313a9375e4f411935917b2c.htmlPor China Business Now

Luckin Coffee is once again creating a stir with an unusual offering to capture the attention of Chinese coffee drinkers: lattes with a nip of Kweichow Moutai’s baijiu. The coffee chain partnered with China’s luxury liquor maker to launch an alcohol-infused coffee drink, the so-called “sauce-flavored latte.” Luckin Coffee hailed the success of its …

Between January and August, China's exports grew by 0.8% year-on-year to reach 15.47 trillion yuan, while imports were down 1.3% year-on-year to 11.61 trillion yuan, latest customs data showed. https://m.21jingji.com/article/20230907/herald/6f44e59645475abd89404cb62c0efa6c.htmlPor China Business Now

Chinese premier hails strong China-ASEAN ties at the opening of 26th China-ASEAN Summit. Li said "China and ASEAN have succeeded in blazing a correct path of long-term good-neighborliness and friendship, as well as common development and prosperity as the world is undergoing profound changes unseen in a century," in his opening remarks at the China…

Introducing new products, services, and technologies; announcing cooperations with Chinese partners and exchanging ideas at forums -- the hustle and bustle of foreign exhibitors at the ongoing 2023 China International Fair for Trade in Services (CIFTIS) has painted an inspiring picture of China's foreign investment magnetism. https://m.21jingji.com…

China has set up a bureau under the country's top economic planner specializing in promoting the private economy. https://m.21jingji.com/article/20230904/herald/ba1129b8cac08f808bf5252f4e76cdda.htmlPor China Business Now

Chinese consumer sentiment towards Japanese products, notably cosmetics, is undergoing a dramatic shift recently due to rising safety concerns. One of the main triggers for this change is Japan’s decision to release nuclear-contaminated wastewater from the Fukushima power station into the Pacific Ocean, 12 years after it was wrecked by an earthquak…

China's official manufacturing purchasing managers' index (PMI) continued to improve in August, marking the third consecutive monthly increase though the index remains in contraction. https://m.21jingji.com/article/20230831/herald/c383444f0911fa0e005bc39eb12c6155.htmlPor China Business Now

China's State Council has released a plan to boost the high-quality development of a sci-tech innovation cooperation zone jointly developed by the southern tech hub Shenzhen and the Hong Kong SAR. The Development Plan for Shenzhen Park of Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone comprises a total of 30 measures, c…

China and US agreed to form a working group, which will comprise deputy ministerial and bureau-level government officials from both countries alongside business representatives, to seek solutions to specific commercial issues. https://m.21jingji.com/article/20230829/herald/a0cc1e95c1f3cd4f56c0c2fc1ac04c63.html…

China halved the stamp duty on stock trading effective Monday for the first time since 2008, in the latest attempt to boost the struggling market in the world's second-biggest economy. https://m.21jingji.com/article/20230828/herald/faab376b468f1b96cbaa8baac81c1c42.htmlPor China Business Now

Similar to Valentine's Day in Western culture, Qixi Festival has become a commercialized occasion with the exchange of gifts, flowers, chocolates, and romantic gestures. Qixi-themed set meals saw a 118% surge in the week to Tuesday from the prior seven days, while reservations on the day soared 185% from a year ago. https://m.21jingji.com/article/2…

China will suspend the import of aquatic products, including edible aquatic animals, originating from Japan starting from August 24. The head of the General Administration of Customs bureau of import and export food safety, said that the Japanese government, disregarding strong international doubts and opposition, unilaterally initiated the dischar…

China on August 22 introduced a number of preferential tax and fee policies as part of the nation's broader efforts to boost capital market vitality and expand opening-up. The policies are aimed at promoting the two-way opening-up and healthy development of the capital markets on the Chinese mainland and Hong Kong, supporting the opening-up of the …

China’s largest mutual fund houses promised to buy their own equity-focused products to bolster market confidence, on bets the dip-buying strategy will help them ride out the uncertainty prevailing on the stock markets. https://m.21jingji.com/article/20230822/herald/bf719cadb354a926dfe78bda9ba308f9.html…

China cut its one-year benchmark lending rate on August 21 as authorities seek to ramp up efforts to stimulate credit demand, but kept the five-year rate unchanged. https://m.21jingji.com/article/20230821/herald/4e2299b4fa95faa415b78e8e8396fb3e.htmlPor China Business Now

More and more businesses are racing to tap into the new fashion of spendings, as young consumers show continued demand for late-night consumption in China. The nighttime economy has emerged as a new driving force for consumption across China in recent years, as many businesses, such as restaurants, shopping malls and museums, are open for longer ho…

China will strengthen the coordination of various policies to boost growth and meet this year's economic target. Chaired by Chinese Premier Li Qiang, the plenary meeting of the State Council emphasized the promotion of high-quality development and increasing administrative efficiency to provide robust support for the completion of various tasks. ht…

China home prices dropped for a second month in July, a further sign of the deepening property downturn that’s weighing on the world’s second-largest economy. https://m.21jingji.com/article/20230816/herald/99d64d63ef3b74fd24ba5a9d20394948.htmlPor China Business Now

China's economy continued the recovery trend but it still faces challenges and pressures from weak demand and a complicated international environment. The July industrial output and retail sales growth slowed. https://m.21jingji.com/article/20230815/herald/adf274ae777b6233083c2ee3d6ee2363.htmlPor China Business Now

China has issued 24 new guidelines to attract more global capital and further optimize the country's business environment for multinational corporations. https://m.21jingji.com/article/20230814/herald/da3e6e629c6b7414ee215c88f9653a4f.htmlPor China Business Now

The “Taylornomics” even caught curious attentions from the US Federal Reserve, the country’s central bank, as the American pop icon Taylor Swift’s 20-city Eras Tour is on track to become the biggest in concert history, potentially grossing $1 billion. It’s filling football stadiums that hold more than 70,000 people, and Swift is often staying in to…

China lifted a ban on group travel to more than 70 locations, including top travel destinations such as Japan, South Korea Australia, US and the UK, in a major relaxation of travel restrictions that’s set to boost the global tourism market. https://m.21jingji.com/article/20230810/herald/823ffac462a3067151157bfb25ceb83e.html…

China's consumer prices fell for the first time in more than two years in July, while the country's factory-gate price index declined at a slower rate. https://m.21jingji.com/article/20230809/herald/5c6ea45f7fdcd5f4ebe3ff5e695c70c7.htmlPor China Business Now

China’s foreign trade from January to July edges up 0.4% year-on-year. https://m.21jingji.com/article/20230808/herald/369a7c01d412265cf3bc46b98f0ae6b0.htmlPor China Business Now

More Chinese cities are rolling out support measures and easing home purchase curbs as they follow through on the top leadership meeting held last month, which called for the optimization of property policies. https://m.21jingji.com/article/20230807/herald/26b0210c25d9a9d1f07fc6923e7bb3d0.htmlPor China Business Now

A big part of the Chinese firm's appeal comes from discounts and convenient takeout experiences. Luckin Coffee launched promotional events in June to celebrate store anniversaries and issued weekly vouchers to offer coffee for just 9.9 yuan per cup. The events were welcomed better than expected and the firm decided to extend the campaign by at leas…

A number of Chinese companies, including e-commerce giant Alibaba Group Holding and smartphone maker Xiaomi, have made donations of at least 370 million yuan and provided emergency aid services for disaster relief in regions including Beijing, North China's Hebei Province and East China's Fujian Province that were recently hit by a devastating typh…

China's central bank expressed its support for lowering interest rates and down payment ratios for individual housing loans. https://m.21jingji.com/article/20230802/herald/6d131ab3d0aad273d5db05b04f248987.htmlPor China Business Now

China's top economic planner on August 1 unveiled a series of detailed measures including tax reductions and cutting red tape to boost the private economy after a general guideline was released last month. The measures ranging from fair market access to stronger financial support and better government services are designed to tackle prominent probl…

Major Chinese cities including Beijing, Shenzhen and Guangzhou have vowed to better meet the public’s rising housing needs, after China’s housing minister called for more efforts to strengthen the property market with measures such as lowering payment requirements and mortgage rates for first-time homebuyers. https://m.21jingji.com/article/20230731…

The FISU Games goes beyond a mere sporting event. It serves as a platform for young people from diverse backgrounds to communicate. The ongoing Chengdu FISU Games is set to make fresh contributions toward advancing cultural exchanges, assist mutual learning and foster a community with a shared future for mankind. https://m.21jingji.com/article/2023…

Profits at China's major industrial firms shrank at a slower pace in June with supportive policy measures gradually taking effect. https://m.21jingji.com/article/20230727/herald/117b18c420834d2aa11f1dff8efd842a.htmlPor China Business Now

Pan Gongsheng, longtime banking official, appointed as new governor of China's central bank. https://m.21jingji.com/article/20230726/herald/814616d7447ed02a628998d1dacf978c.htmlPor China Business Now

China will step up macroeconomic policy support in the second half of the year to further boost the nation's economic recovery, focusing on expanding domestic demand, enhancing confidence and preventing risks. https://m.21jingji.com/article/20230725/herald/e9d6defb0a0a708ee47e571725f76c5a.htmlPor China Business Now

China's top economic planner on Monday issued a notice saying it would further build up relevant mechanisms and improve the policy environment to spur the development of private investment, the latest effort to boost the nation's economic recovery. The notice, detailing 17 measures, aims to drive further improvement in the private investment enviro…

China pledged to make the private economy "bigger, better and stronger" with a series of policy measures designed to help private business, in a bid to create a market-oriented first-class business environment, further boost market confidence and consolidate the foundation for economic recovery. https://m.21jingji.com/article/20230720/herald/cf8c53…

Consumer spending has provided a forcible boost to China's economy growth in the first half of 2023, but weak points persist prompting the government to do more to level up consumption going forward. Authorities bid to tackle the problems blocking consumer spending with a slew of new measures. The key sectors of cars, home appliances, furniture, an…

China's GDP grew by 5.5% year-on-year in the first half of the year to 59.3 trillion yuan, posting a steady economic rebound. In the second quarter, the economy rose by 6.3% compared with a year earlier, up from 4.5% in the first quarter. https://m.21jingji.com/article/20230718/herald/6dc83c9b2fd1562ef5b65ea6961f759d.html…

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:/…

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.htmlPor China Business Now

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.htmlPor China Business Now

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/1251fe4c76b5286…

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.htmlPor China Business Now

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.htmlPor China Business Now

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.htmlPor China Business Now

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…

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.htmlPor China Business Now

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…