China wants ‘patient capital’ to fund its tech drive. Will slow and steady win the race? (SCMP)
2024-05-03
Medical aesthetics market reaches breakout point (China Daily)
2024-05-02
China’s property slump: Beijing ends curbs on multiple home ownership in outer areas of city to stimulate buying (SCMP)
2024-05-01
China eyes closer economic links with GCC (China Daily)
2024-05-01
China’s Politburo warns of economic risks as Communist Party readies for third plenum (SCMP)
2024-04-30
Chinese outbound tourists’ spending to boost economic growth of overseas destinations (GT)
2024-04-29
Premier Li Qiang meets Elon Musk in Beijing, raising hopes of Tesla’s autonomous driving push (SCMP)
2024-04-28
China’s steel industry embarks on green shift, battling high carbon emissions through technologies, supportive policies (GT)
2024-04-28
China Offers Subsidies for New EV and Low-Emission Gasoline Vehicle Trade-Ins (Caixin)
2024-04-27
After a sluggish early start to the year for new vehicle sales, China's regulatory authorities have launched subsidies worth thousands of yuan to prospective buyers to stimulate demand for electric and low-emission gasoline vehicles by encouraging consumers to trade in old cars for new ones. Seven central government ministries, including the Ministry of Commerce and Ministry of Finance, on Friday issued a set of initiatives that will see consumers who scrap certain gasoline or new energy passenger cars and then purchase new electric cars receive subsidies of 10,000 yuan ($1,409). They will be offered from April 26 to December 31, according to a statement on the commerce ministry’s website. Old cars eligible for trade-in must meet National III or lower emission standards or be electric passenger cars registered before April 30, 2018, while the newly purchased electric vehicles should be listed in the Ministry of Industry and Information Technology’s Catalogue of New Energy Vehicles Exempt from Vehicle Purchase Tax. Consumers who scrap gasoline cars with National III or lower emission standards and purchase a gasoline passenger car with an engine displacement of 2.0 liters or less, will be eligible to receive a subsidy of 7,000 yuan. National III emission standards, also known as National Phase III Motor Vehicle Emission Standards, were first implemented in Beijing in 2005.
China’s exporters shun the yuan, embrace alternatives as depreciation fears build (SCMP)
2024-04-26
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