China Business Now

China Business Now

By China Business NowBusiness
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China Business Now episodes

  • CBN丨China to make better use of structural monetary policy tools
    China’s central bank vows to use multiple policy tools and prioritise stability in complex and uncertain environment. All monetary policy tools will be leveraged to keep reasonable and ample liquidity, and to strengthen the stability of growth in credit, the bank said, adding that it will maintain the basic stability of the macro leverage ratio.
     
    https://m.21jingji.com/article/20220510/herald/70bc8ca1f173c9c4bcd95abd6adaf7bc.html
    8 min
  • CBN丨China announces more measures to shore up small firms
    China mapped out a slew of measures to relieve difficulties for micro enterprises and individual businesses, as well as help export companies to cope with challenges, meanwhile authorities also vowed to stick to the zero-COVID policy.
     
    https://m.21jingji.com/article/20220506/herald/e47e679b205010faacdfa0aedf10d2e1.html
    7 min
  • CBN丨China to cut banks’ forex RRR by 1% as offshore yuan broke 6.60 per USD
    The People's Bank of China (PBC) on Monday evening announced to cut foreign exchange reserve requirement ratio(RRR) for financial institutions by 1 percentage points to 8 percent amid the yuan' accelerated depreciation. According to the central bank, the cut intended to shore up the capacity of financial institutions to use foreign exchange funds, will take effect on May 15.
     
    https://m.21jingji.com/article/20220426/herald/6bfb5d368f8301226f59b56ec7210661.html
    8 min
  • CBN Friday Special丨How hardcore techs help in the fight against pandemic?
    Technology is helping with COVID-19 prevention and control. And apart from having nucleic acid tests, Chinese residents can now conduct COVID-19 testing at home with antigen test kits. It only takes 15-20 minutes to get a result, which makes early-phase detection of the virus much easier. Singapore has rolled out mobile apps to alert individuals when an infected person was present in their immediate vicinity. And in the UK, an app recording proximity events between app users make it possible for people to be notified instantly when their recent contacts test positive for COVID-19. A study published on Nature shows that a large number of cases were averted by the app.
     
    https://m.21jingji.com/article/20220422/herald/cc988be4645375ee183b598e1966be29.html
    7 min

About China Business Now

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Welcome to China Business Now, a 3-minute digest of what happened in China’s business sector, presented by 21st Century Business Herald.