Beijing is angling to revive confidence in private entrepreneurs and foreign investors via a renewed campaign for a unified national market and better business environment – an essential task to fulfil its ambitious expansion target of around 5 per cent and ensure economic stability in 2024. In his maiden government work report on Tuesday, Premier … Read more
As the challenges stack up, the two sessions could provide indications of potential government action to come. “Many are looking forward to stimulus packages for the economy. Reinvigoration of post-Covid recovery will be given importance,” NUS’ Dr Lim told CNA. Still, another observer does not expect the economy to be singled out for special mention. … Read more
The Post compared their itineraries for domestic meetings, time spent on inspection trips inside China and overseas trips and the number of diplomatic events held. Official information from mid-March last year, when Li Qiang was sworn in as the premier, until Monday, shows that on domestic affairs he has spent more time on inspection tours … Read more
In recent years, there has been an influx of online fast-fashion retailers, including Shein and Temu. According to more than 10 fast-fashion industry sources, the polluting e-commerce brands have upended the global air cargo industry, increasingly using limited air cargo space to attract more consumers with rapid transit and delivery times. An investigation, which sourced … Read more
This photo taken on February 21, 2024, shows an employee working on a new energy vehicle assembly line at a BYD factory in Huai’an, in China’s eastern Jiangsu province. | Photo Credit: AFP As the annual meeting of China’s Parliament approaches next month, its leaders are facing the greatest pressure in almost a decade to … Read more
Addressing China’s top group on systemic reform, President Xi Jinping has called for the country to stay laser-focused on breaking down institutional impediments that stand in the way of nationwide modernisation efforts. And some China-watchers say Monday’s meeting could also signal that preparatory work is well under way for the 20th Central Committee’s reform-themed third … Read more
In January this year, for the first time in more than 14 years, China’s consumer prices fell at their steepest pace. According to official data published by the National Bureau of Statistics, the consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023. The steep drop in January … Read more
BEIJING: China has replaced the head of its securities regulator, the official Xinhua news agency said on Wednesday (Feb 7), as policymakers struggle to stabilise the country’s main stock indexes after a plunge to five-year lows. The cabinet removed Yi Huiman as chairman of the China Securities Regulatory Commission (CSRC), replacing him with Wu Qing, … Read more
Top priorities will include party discipline and cohesion, according to a statement issued after the meeting, though “high-quality development” was also emphasised. National security and upholding unity under the party and central government’s leadership remain the most crucial goals, while other matters such as youth employment and economic rejuvenation seem to rank lower, observers and … Read more
HIDDEN GEMS AND INSTAGRAM-WORTHY ATTRACTIONS Social media has played a big role. Entertained by the “southern potatoes,” a nickname given to tourists wrapped in layers of winter clothes, locals offered visitors free rides across the city. The government installed small, warm houses as well as an artificial moon above a local Russian Orthodox Church, to provide … Read more
