China’s leaders pledged on Thursday to open the country’s coffers wider and provide a much-needed jolt to domestic demand in a statement issued after this year’s central economic work conference. This would be accomplished, they said, by raising the fiscal deficit ratio and increasing the issuance of treasury bonds in the coming year. The world’s … Read more
China’s annual tone-setting economic work conference, which is set to convene this week, is expected to assess mounting challenges and signal intensified policy support, as policymakers seek to stabilise growth amid domestic pressures and external uncertainties, analysts said. Chinese leaders are expected to spend at least two or three days for closed-door exchanges on next … Read more
The ambitious domestic and international marketing campaigns show EHang’s confidence in generating strong market demand, months after its self-developed EH216-S became the world’s first recipient of a Type Certificate and Standard Airworthiness Certificate for pilotless eVTOLs. Those certifications were issued last October and December, respectively, by the Civil Aviation Administration of China (CAAC). A screenshot … Read more
“It means I can only open one restaurant in Shenzhen and where can I find seven other people I trust to apply [for permits] on my behalf?” Liang said. She is now considering accepting her losses and pulling out of the venture as the outlook becomes unpalatable. Such yawning discrepancies in approval and market supervision … Read more
Xi’s comments, seen in a report released in the wake of the two-day conference, offer essential guidance for policymakers – and for observers, clear signs the country’s top leader sees movement has been lacking. You cannot procrastinate, dragging on small things until they become big ones, and delaying big things until they explodeXi Jinping “To … Read more
China’s annual two-day central economic work conference, which concluded on Tuesday, laid down expansive policy priorities for the world’s second-largest economy to carve out a stronger recovery path in 2024. From boosting business sentiment to better coordination among ministries, the 4,355-character readout of the meeting chaired by President Xi Jinping contained a long to-do list. … Read more
