Monday, March 1, 2021
Tmall Global to Welcome 2,600 New Overseas Brands at 11.11 Shopping Festival Tmall Global aims to welcome 2,600 new international brands from markets including Malaysia and incubate over 2,000 in-demand overseas products, each with a GMV surpassing RMB 1 million, at the 11.11 Global Shopping Festival. According to Tmall Global, the...
Chinese officials confirmed Wednesday that the number of people infected by a new form of coronavirus in the country has reached nearly 6,000, a total that surpassed the official cases tallied on the mainland during an outbreak of the severe acute respiratory syndrome (SARS) in 2002 and 2003. The...
MGM introduces financial assistance program for local SME vendors MGM China has announced the introduction of new relief measures for local SMEs, including a “Down Payment for Future Business” initiative and “14-day Fast-track Payment”, aimed at assisting those businesses facing financial difficulties due to the impact of coronavirus. The “Down Payment for...
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 mask-maker Iris...
Chinese start-up WM Motor Technology Group said on Tuesday that it had completed a 10 billion yuan (US$1.5 billion) round of fundraising, riding the wave of investor enthusiasm for electric vehicle makers. The Series D round of financing was led by a Shanghai state-owned investor group, including SAIC Motor....
While racing to control the outbreak of the novel coronavirus, China is moving fast to help vulnerable sectors and impacted small firms pull through. Supportive policies for enterprises and employment should be well implemented while enhanced efforts will be made to keep major sectors of the economy stable, the...
China's public and private sectors are set to spend 10.6 trillion yuan (US$1.6 trillion) through 2025 to develop next-generation infrastructure, including the 5G network and electric-vehicle charging stations. This is especially important for the economic juggernaut as trade friction with the US looks likely to continue despite the change...
China is set to play down the nation’s headline growth rate to highlight “growth quality” and “security” in its development plan for 2021-25 and beyond. President Xi Jinping chaired a gathering of the Politburo on Monday, and the body endorsed the country’s five-year plan for 2021-25 as well as...
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...
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 make the...
When the Wuhan coronavirus first emerged, most payed it no mind. It was brushed-off as a minor issue that would be easily resolved. Unfortunately, it has now become apparent that this new virus is a lot more serious than we first believed it to be. With more and more...
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...

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