Saturday, September 19, 2020
Japan to pay firms to produce goods locally or in Southeast Asia, in shift from ChinaJapan’s government will start subsidising some companies to invest in local factories and those in Southeast Asia as part of efforts to reduce reliance on manufacturing in China.Fifty-seven firms, including privately-held face...
The provinces of Guangxi and Anhui became the latest Chinese regions to exempt employers from contributing to employee social insurance through the end of the year. The relief measure was put in place in order to help regional authorities address the economic impact of the COVID-19 pandemic and its subsequent...
China has formally adopted a controversial security law, giving it new powers over Hong Kong. It is set to criminalise secession, subversion and collusion with foreign forces, but will also effectively curtail protests and freedom of speech. China's state news agency, Xinhua, confirmed that President Xi Jinping...
China has unveiled a package of special policies for Hainan, including scrapping import duties, in an effort to turn the tropical island into the mainland’s answer to Hong Kong or Singapore and dampen the risk of decoupling with the United States.Beijing on Monday outlined its plan to...
China’s Services Sector Shows Strong Growth Since Start of COVID 19China’s services sector bounced back strongly in May, posting the first growth since the beginning of the COVID 19 pandemic outbreak earlier this year, as strict controls aimed at containing the pandemic were eased. The Caixin/Markit services...
More than 80 percent of China's SMEs are facing cash flow problems, according to a report issued by Fudan-Ping An Research Institute for Macroeconomy under Ping An Digital Economic Research Center and the School of Economics, Fudan University. SMEs in China have always faced issues with financing, and the COVID-19...
Manufacturing activity in China rebounded in May, driven by a jump in output as companies resumed production after the country's COVID-19 lockdown. The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), which gives a snapshot of the country’s manufacturing sector, rose to 50.7 from 49.4 in April. A number above...
COVID-19 vaccine could be ready by year-end, says China government body China's State-owned Assets Supervision and Administration Commission (SASAC) said that a Chinese-made coronavirus vaccine could be ready for market as early as the end of this year,  In trials, more than 2,000 people have received vaccines developed by the...
About 91 per cent of China's small and medium-sized enterprises (SMEs) had resumed operation as of Monday after disruptions caused by Covid-19. Huang Libin, a spokesperson for the Ministry of Industry and Information Technology (MIIT) said some 93 per cent of SMEs in the manufacturing and construction sectors had...
Tmall Global said it will expand its efforts to help international brands reach the China market, aiming to bring 1,000 new ones onto its e-commerce platform in the coming 12 months.The brand-incubation plan, announced through the livestreamed Tmall Global’s Global Partners Summit, is under the auspices of...
Sales in 30 major cities in China triple with coronavirus crisis abating China’s private housing market is springing back to life as more sales offices reopened across the country following a nationwide shutdown, saving home builders from a deeper financial slump this year. Transactions in at least eight large cities,...
China’s Central Bank said the country’s economy will swiftly return to its potential growth rate and there will be significant improvement in the coming three months. People’s Bank of China Deputy Governor Chen Yulu told reporters in Beijing, "Economic indicators will likely show significant improvement in the second quarter...