China will use a development plan for the prosperous Yangtze River Delta region to showcase its “dual-circulation” strategy, which will focus on making the domestic economy more resilient while continuing to support exports. The development blueprint includes Shanghai and the neighbouring provinces of Anhui, Jiangsu and Zhejiang – an...
SMEs are undoubtedly the businesses that have received the short end of the stick when it comes to the COVID-19 pandemic. These smaller organisations have experienced the most drastic financial fallout in comparison to larger organisations. SMEs in APAC contribute a significant portion of the region’s economic growth, accounting...
China has announced a new regulation to be introduced on 1 September in order to ensure the timely payment of owed funds towards SMEs. This regulation will better safeguard the legal rights and interests of SMEs and private enterprises that are having a hard time doing business in the...
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...
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 had signed...
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...
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 purchasing managers’...
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...

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