Zheng Shanjie

China’s private sector law needs to punish unjust law enforcement, ex-official says

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China’s private sector law needs to punish unjust law enforcement, ex-official says

China’s draft legislation to promote the private economy needs urgent refinements, including penalties for law-enforcement agencies overstepping their authority and infringing on the rights of businesses, a former State Council official has said. Former deputy director of the industry, commerce and trade research department Chen Yongjie pointed out that entrepreneurs felt that clauses in the … Read more

Huge potential for jobs in China after stimulus measures, national planners say

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Huge potential for jobs in China after stimulus measures, national planners say

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 planner vows to help private firms ‘conquer difficulties’ to boost economy

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China’s top planner vows to help private firms ‘conquer difficulties’ to boost economy

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

JD.com commits US$900 million to support nationwide trade-in programme for home appliances, consumer goods

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JD.com commits US0 million to support nationwide trade-in programme for home appliances, consumer goods

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

Who’s who on Xi’s Europe trip: Chinese president accompanied in Macron meeting by top party and ministerial officials

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Who’s who on Xi’s Europe trip: Chinese president accompanied in Macron meeting by top party and ministerial officials

These are officials in the president’s entourage during his Europe visit: Cai Qi Cai, China’s No 5 official and the ideology chief of the ruling Communist Party, often accompanies Xi on domestic and overseas trips. The 68-year-old is on the seven-member Politburo Standing Committee, the party’s highest authority, making him the most powerful chief of … Read more

China’s economic, social development under 14th 5-year plan on track despite ‘extremely unusual’ time

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China’s economic, social development under 14th 5-year plan on track despite ‘extremely unusual’ time

Beijing’s top economic planner has sent out an upbeat message about China’s growth prospects in an assessment of a key economic plan amid growing calls to lift expectations for expansion. The world’s second-largest economy has advanced as expected in most aspects outlined in its 14th five-year plan covering economic and social development for 2021-25, according … Read more