1.From January to October 2023, Profits of National Large-Scale Industrial Enterprises Decline by 7.8% From January to October 2023, large-scale industrial companies (above CNY 20mn revenue) achieved business revenue of CNY 107.78 trillion (approximately $16.83 trillion), up 0.3% year-on-year. Operating costs reached CNY 91.63 trillion (approximately $14.29 trillion), up 0.6%; operating income profit margin was […]
1. China launched a unilateral visa-free initiative for six nations: France, Germany, Italy, the Netherlands, Spain, and Malaysia “From December 1, 2023 to November 30, 2024, citizens from the six countries-France, Germany, Italy, the Netherlands, Spain and Malaysia-holding ordinary passports can be exempted from visa to enter China and stay for no more than 15 […]
1. According to the M2 performance, Chinese government will persist with its supportive monetary policy and a low interest rate On November 13, the People’s Bank of China (PBOC) released statistics indicating that as of the end of October, M2 stood at CNY 288.23 trillion, reflecting a 10.3% year-on-year increase. This growth rate remained consistent […]
1. Shenzhen State-owned Assets Supervision and Administration Commission (SASAC): we will assist Vanke in responding positively On November 6, Vanke, in conjunction with both domestic and international financial institutions, held a briefing regarding their third-quarter results. The meeting included Vanke’s leadership, as well as shareholders Shenzhen Metro and the Shenzhen State-owned Assets Supervision and Administration […]
1.The 6th China International Import Expo will be held in Shanghai from November 5th to 10th The 6th CIIE will be held in the National Convention & Exhibition Centre (Shanghai) from November 5 to 10, 2023. The 6th CIIE, according to Liu Fuxue, a deputy director-general of the CIIE Bureau, aims to create more potenitals […]
1.From January to September, profits of industrial companies above 20mn revenue fell by 9.0% During the first 3 quarters, large-scale industrial companies (above CNY 20mn revenue) achieved business revenue of CNY 96.35 trillion (approximately $13.17 trillion), same as last year. Operating costs reached CNY 81.96 trillion (approximately $11.2 trillion), up 0.3%. During the first 3 […]
1.China releases preliminary GDP results for Q3 2023: 4.9% increase Based on the foundational data and the methods of calculating Gross Domestic Product (GDP), preliminary calculations indicate that China’s GDP for the 3rd quarter of 2023 stands at 31.9992 trillion yuan. This indicates a 4.9% increase compared to the 3rd quarter of the previous year, […]
1.US Approves equipment exports to S. Korean chip factories in China The Biden administration has granted Samsung Electronics and SK Hynix permission to acquire the necessary equipment to maintain and grow their chip-making operations in China. This move provides these companies, the world’s largest memory makers, an indefinite waiver from the broader restrictions that previously […]
1.China’s PMI back to growth in September at 50.2, while profits of large-scale industrial companies still down 11.7% In September, China’s Manufacturing Purchasing Managers’ Index (PMI) rose to 50.2%, an increase of 0.5 percentage points from the previous month, back on the growth track. PMI during the last 12 months When viewed by company size, […]
1.Chinese train tickets were fully sold within a second for National Day holiday This year, the Mid-Autumn Festival and National Day holiday will span eight consecutive days from 29th September to 6th October. On Friday, 15th September, the sale of train tickets for the Mid-Autumn Festival on 29th September will officially commence. As per the […]