China Business Now

The Central Committee of the Communist Party of China and the State Council recently issued a five-year implementation outline for government construction under the rule of law. The outline proposed to strengthen and improve anti-monopoly and anti-unfair competition law enforcement and abolish regulations that hinder a unified market and fair competition, promoting an open and fair market system. 

China’s Ministry of Housing and Urban-Rural Development released a draft notice on preventing large-scale demolition and reconstruction in urban renewal projects. It urges that local government should put stricter control on tearing down and rebuilding old neighbourhoods, and ensure a stable supply of lands without making huge changes to the original urban scale and design. 

China’s Ministry of Housing and Urban-Rural Development released a draft notice on preventing large-scale demolition and reconstruction in urban renewal projects. It urges that local government should put stricter control on tearing down and rebuilding old neighbourhoods, and ensure a stable supply of lands without making huge changes to the original urban scale and design. 

People's Bank of China (PBOC) said on Monday that it will maintain the stability of monetary policy and make it more forward-looking and effective, to render strong support to the real economy while avoiding a "flood-like" stimulus in a quarterly report on monetary policy.

People's Bank of China (PBOC) said on Monday that it will maintain the stability of monetary policy and make it more forward-looking and effective, to render strong support to the real economy while avoiding a "flood-like" stimulus in a quarterly report on monetary policy.

China's factory-gate inflation rose faster than expected in July due to oil and coal price hikes while consumer inflation eased slightly last month, data from the National Bureau of Statistics showed on Monday. The producer price index (PPI) went up 9 percent year on year in July, while the consumer price index (CPI) rose 1 percent.

China's factory-gate inflation rose faster than expected in July due to oil and coal price hikes while consumer inflation eased slightly last month, data from the National Bureau of Statistics showed on Monday. The producer price index (PPI) went up 9 percent year on year in July, while the consumer price index (CPI) rose 1 percent.

Chinese telecoms giant Huawei saw its revenue drop by 38 percent in the first half of 2021. The company generated a revenue of 320.4 billion yuan ($49.56 billion), it said in an operation report on Friday. The biggest drop came from Huawei’s consumer business group, where revenue fell 47 percent to 135.7 billion yuan. It eked out a 0.6 percent rise in its net profit margin to 9.8 percent.

Chinese telecoms giant Huawei saw its revenue drop by 38 percent in the first half of 2021. The company generated a revenue of 320.4 billion yuan ($49.56 billion), it said in an operation report on Friday. The biggest drop came from Huawei’s consumer business group, where revenue fell 47 percent to 135.7 billion yuan. It eked out a 0.6 percent rise in its net profit margin to 9.8 percent.

The Beijing Municipal Health Commission announced on Wednesday that women who gave birth to a third-child on and after May 31 can enjoy an extra 30-day maternity leave and a 15-day paternity leave for their spouses.