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
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
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
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
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