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 problems facing private enterprises and boost their confidence.

https://m.21jingji.com/article/20230801/herald/77692ede67b924437ca5f2be211106d8.html

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/herald/f9eeadd6466514fee398d866af10ef7f.html

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/20230728/herald/801f2aab24c19e39efb30c5d1399e7a8.html

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.html

Pan Gongsheng, longtime banking official, appointed as new governor of China's central bank.

https://m.21jingji.com/article/20230726/herald/814616d7447ed02a628998d1dacf978c.html

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.html

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 environment, enhance the investment willingness of private enterprises, and boost their vitality.

https://m.21jingji.com/article/20230724/herald/a341cc3f615e6795508c8037b6a5a896.html

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/cf8c53652942359fe49219745eab0973.html

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, and catering collectively accounting for a quarter of consumption. Three of the four were specifically targeted by authorities on July 18.

https://m.21jingji.com/article/20230719/herald/798a0bf95b3565f44561bddc3d177630.html

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