The 41-year-old had lost around 80 per cent of the 2 million yuan (US$283,000) she invested over a decade. This week she was among the hundreds of millions of Chinese rushing back to the market on a wave of optimism after the government announced new measures to revive the economy. “I think the top leadership … Read more
There is still huge potential to create new jobs in China, the country’s top economic planner said on Tuesday, days after the central government unveiled an array of stimulus measures. Plans were in place to address “structural issues” in employment and expand strategic industries, National Development and Reform Commission (NDRC) officials told a press conference … Read more
China’s top economic planner has reassured private entrepreneurs it will “spare no effort” to help companies “conquer difficulties”, in Beijing’s latest move to revive the economy. Zheng Shanjie, head of the National Development and Reform Commission (NDRC), hosted a meeting on Friday with representatives from several private companies to learn about business conditions, problems they … Read more
Unswerving market-oriented reforms would be key for China’s upcoming third plenum, said a former senior official with Beijing’s top economic planner. “China’s economic reform has been going on for 45 years, and this year marks the 46th year, and the most important core issue is reconciling the relationship between the government and the market,” said … Read more
Beijing has launched a nationwide “zero tolerance” crackdown on people who pretend to be government officials to defraud investors by selling fake official seals – among other schemes. In a meeting last week, the Ministry of Public Security called on agencies nationwide to target people who impersonated officials from government ministries or state-owned companies to … Read more
Chinese e-commerce giant JD.com is investing more than 6.5 billion yuan (US$900 million) with partners to bolster this year’s nationwide trade-in programme for home appliances and consumer goods, part of Beijing’s efforts to energise the country’s post-pandemic economic recovery. Most of that investment will be used to subsidise consumers for trading in their home appliances … Read more
The plan was released by the National Development Reform Commission (NDRC) and the National Data Administration (NDA), and excerpts were made public on the NDA’s WeChat account on Monday. China’s new data agency plans fast track to powerful national computing network The NDA is supervised by the NDRC, China’s top economic planner, and was inaugurated … Read more
The move immediately raised fears of the sorts of industrial clampdowns the market has seen in other sectors, triggering a global sell-off in China’s tech stocks and wiping out billions of dollars of value. The regulator then sacked Feng Shixin, a long-serving official and publication bureau chief at the NPPA, sources told the South China … Read more
China will focus on the digital economy to promote President Xi Jinping’s vision for “common prosperity”, national planning and data authorities said. The National Development and Reform Commission and the new National Data Administration have jointly released a plan to expand the application of digital technology to support the development of China’s real economy. The … Read more
Beijing has drawn up a blueprint designed to foster a world-leading business environment in its Greater Bay Area of Guangdong, Hong Kong and Macau. The release of the three-year action plan by the National Development and Reform Commission, the country’s top economic planner, comes as the world’s second-largest economy is grappling with a dip in … Read more
