The initiative is expected to make it easier for online merchants to set up bricks-and-mortar stores in the Chinese capital to help increase sales, while boosting ‘flexible employment’ in the sector. Source link
Read More »ByteDance-owned Douyin looks to shake up China’s on-demand local services sector
Douyin, the Chinese version of TikTok, is competing against Meituan in food delivery and other segments of on-demand e-commerce in the country. Source link
Read More »China’s private firms take wait-and-see approach on government pledges
Despite a flurry of recent promises from Beijing, China’s entrepreneurs are sceptical about how much policy support they can actually count on, and whether the government is serious about addressing structural reform. Source link
Read More »China’s Big Tech firms need Beijing to enact concrete policies to support growth
The show of support from the Central Economic Work Conference comes month after the State Council pledged major new policy commitments to help the country’s digital economy. Source link
Read More »China signals support for Big Tech, indicating crackdown is nearing an end
Readout by Chinese state television after the conclusion of a two-day Central Economic Work Conference signals support for Big Tech. Source link
Read More »Beijing vows to manage market expectations amid headwinds, growing pessimism
China has pledged to keep market expectations anchored and manageable in the coming year, according to a senior economic official, despite strong headwinds and growing pessimism about the nation’s economic outlook.“There have been fluctuations in terms of market expectations and corporate confidence,” Ning Jizhe, deputy head of China’s National Development …
Read More »Caution on carbon as ‘China realises key role of coal’
Serving and former Chinese senior officials have urged caution on the path towards carbon neutrality, echoing the leadership’s assessment that climate targets “can’t be achieved in just one battle”.Addressing a forum in Beijing on Saturday, former finance minister Lou Jiwei said that while China had said it would “strive to” …
Read More »China’s policymakers doubling down on ‘stability’ for 2022
Beijing has set the tone for its plans to safeguard the country’s economic stability and prevent downward risks in the coming year, according to a statement following the annual central economic work conference that concluded on Friday.“We are facing three kinds of pressure, including contraction of demand, supply shocks and …
Read More »‘Risk of potential instability’ flagged as Beijing eyes annual economic meeting
China’s economic planners are expected to switch their focus from financial discipline to gradual easing while boosting investment and consumption to fend off headwinds to growth, experts said ahead of the annual central economic work conference that may begin this week.But analysts also warn that it would be premature to …
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