China Business Now

Banks in multiple Chinese cities such as Guangzhou, Shanghai, Beijing, Chongqing and Zhengzhou have launched deferred mortgage repayment services recently to ease the pressure on home buyers who have been impacted by the COVID-19 epidemic, with a maximum extension of 12 months, reports said on Monday.

 

https://m.21jingji.com/article/20221206/herald/45225a1412d085854ef64abdc15489b5.html

At least a dozen cities across China have eased COVID-19 restrictions in recent days, with Shenzhen in Guangdong Province becoming the last metropolis to scrap tests for public transport and most indoor areas.

Many other first- and second-tier cities, including Shanghai, Guangzhou, Shenzhen, Tianjin, Chengdu, Zhengzhou, and Wuhan, also optimized similar anti-Covid mobility policies. Hospitals in many cities are also starting to accept walk-in patients without a recent PCR test.

 

https://m.21jingji.com/article/20221205/herald/ac0dd614efd653c359e7b62b011270d1.html

China will use timely cuts in banks' reserve requirement ratio (RRR), which is the amount of cash that banks must hold as reserves, alongside other monetary policy tools, to keep liquidity reasonably ample.

 

https://m.21jingji.com/article/20221124/herald/cfa1d45af2f058328c2471a5581a7425.html

China's cross-border capital flows are stable and there is great potential for global capital to be allocated, given the international appeal of yuan financial assets.

 

https://m.21jingji.com/article/20221123/herald/91d27a81f8cb44627179698d6b7e0820.html

China's financial regulators on Monday stressed the need for facilitating financing for the real estate sector at the Annual Conference of Financial Street Forum 2022, as more financial support would be in the pipeline to stabilize the sector.

 

https://m.21jingji.com/article/20221122/herald/b3706b3718c7db6b26d150f246a22d0d.html

FIFA World Cup opens in Doha, Qatar, with Chinese elements seen in and out of the stadium.

China Railway Construction Corporation designed and built one of the Qatar World Cup's main stadiums, Lusail Stadium, which is the largest and most advanced one among professional soccer stadiums built by Chinese enterprises. In addition, Chinese firm Unilumin is the provider of the LED big screen for the World Cup.

The Al-Qasar 800-megawatt photovoltaic plant designed and built by the Power Construction Corporation of China has been put into operation, providing green energy to the World Cup. China Energy Engineering Corporation and China Gezhouba Group took part in building the super large impounding reservoir, offering clear drinking water to the World Cup.

 

https://m.21jingji.com/article/20221121/herald/1e97dfa803e5457e396698a7da76485b.html

China's economy has maintained the recovery trend in October with steady growth in industrial production and investment, while consumption was still weak amid pressures from renewed COVID-19 outbreaks.

 

https://m.21jingji.com/article/20221115/herald/71cc35f83b12dbe65447cb8c74a09139.html

Chinese e-commerce platforms saw sales jump 13.7% to 1.1 trillion yuan over the course of this year’s Double 11 shopping festival. Gross merchandise volume at e-commerce sites such as Alibaba’s Tmall marketplace, JD.com, and Pinduoduo, rose 2.9% to 934 billion yuan between Oct. 24 and Nov. 11 from a year ago. The GMV for livestreaming e-commerce platforms, including Douyin, Diantao, and Kuaishou, soared 146% to 181.4 billion yuan. For the first time since the first Double 11 in 2009, Tmall and JD did not disclose their GMVs for the annual retail extravaganza. 

 

https://m.21jingji.com/article/20221114/herald/bc98548cc0af8567a53650d789cd0823.html

China's inflation fell to its slowest pace in seven months, in October, due to a high comparison base and softer consumer demand. The country's consumer price index, a main gauge of inflation, rose by 2.1% year-on-year in October, a seven-month low, down from 2.8% in September.

 

https://m.21jingji.com/article/20221109/herald/fc67afabe0fedd8bc70390700689c056.html

China's top economic planner on Monday issued 21 measures to support the private investment, saying that it would further support the participation of private investment in key infrastructure projects, science and innovation. 

 

https://m.21jingji.com/article/20221108/herald/90d9601ee5a2b313ba63670db1d47648.html