central economic work conference

Chinese flying taxi maker EHang sells autonomous passenger drone for US$332,000 on Taobao as nation’s low-altitude economy takes off

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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

Why is a unified national market now so vital for Beijing’s policymakers?

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“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 Jinping urges ‘to the letter’ compliance as China’s economic recovery remains top concern

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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

From outer space to seven seas, China has 6 ambitious priorities as Beijing plots economic recovery in 2024

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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