The renminbi rallied to its strongest level in more than a year and Chinese equities continued their rebound on Wednesday, after a potent policy package lifted investors' confidence in the Chinese economy, which is expected to sail through headwinds.
European auto industry leaders back Chinese EV brands in Europe2024-09-25
Healthy competition and cooperation promote further mutual progress for both European and Chinese automobile industries, European industry leaders and experts have said as some European Union (EU) policymakers move to impose punitive tariffs on Chinese Electric Vehicles (EVs).
China unveils new policies on M&A, market value management2024-09-25
The China Securities Regulatory Commission (CSRC) on Tuesday announced new measures aimed at guiding mergers and acquisitions (M&A) among listed companies, and soliciting public opinion on a guideline about market value management practices.
Shift toward new engines of growth underway2024-09-24
A sustained focus on supporting innovation in strategic emerging sectors, future industries and traditional industries will be high on the agenda as China advances its economic structural reforms, which are aimed at fostering new quality productive forces and driving a shift from old growth drivers to new ones, economists and entrepreneurs said.
Upgrading, trade-in policy bearing fruit2024-09-24
China has issued 300 billion yuan ($42.5 billion) in treasury bonds to support equipment upgrades and trade-in deals for consumer goods, significantly boosting the growth of consumption and economic momentum, said the country's top economic regulator.
Mortgage cuts needed to restore confidence2024-09-24
It is increasingly necessary for China to reduce interest rates on existing mortgages as soon as possible to revive consumer confidence, stabilize housing market expectations and meet the annual economic growth target, analysts said.