Central Economic Work Conference

Global Times: Now it's time to phase in market-oriented, law-based, internationalized oversight system to guide China's stock market growth: scholar

Retrieved on: 
Tuesday, February 27, 2024

BEIJING, Feb. 27, 2024 /PRNewswire/ -- There is a consensus among Chinese regulators over the need to ratchet up the confidence of market participants to draw further investment to the equities market.

Key Points: 
  • The implementation of an across-the-board registration-based IPO system has triggered the reshaping of China's capital market.
  • From the perspective of investor concerns, enhancing the quality of listed companies and investment returns is one major task.
  • More importantly, the authorities need to step up punishment and deterrence for violations of laws and regulations in the market.
  • In addition, market expected that the US Federal Reserve will cut interest rates this year, leaving more room for monetary policy easing in China.

Global Times: Xi stresses development of new productive forces, signaling greater focus on sci-tech innovation

Retrieved on: 
Tuesday, February 6, 2024

"Developing new productive forces is the intrinsic requirement and an important focus of promoting high-quality development, and it's necessary to continue to well leverage innovation to speed up the development of new productive forces," Xi said.

Key Points: 
  • "Developing new productive forces is the intrinsic requirement and an important focus of promoting high-quality development, and it's necessary to continue to well leverage innovation to speed up the development of new productive forces," Xi said.
  • Underscoring its growing importance, various top meetings have put emphasis on developing new productive forces.
  • The development of new productive forces can cultivate new economic growth drivers and competitive advantages, and provide new impetus for the Chinese economy," Wang said.
  • Moreover, the development of new productive forces, especially the strengthening of sci-tech innovation, can reduce reliance on external technologies and markets and enhance the independence and security of China's economy, Wang added.

China continues to improve business environment for stronger economic vitality

Retrieved on: 
Thursday, January 4, 2024

From coastal to inland regions, continuously optimizing services and improving efficiency are building powerful momentums for China to further enhance its business environment.

Key Points: 
  • From coastal to inland regions, continuously optimizing services and improving efficiency are building powerful momentums for China to further enhance its business environment.
  • Business environment is an important factor in stabilizing market confidence, stimulating economic development, and promoting high-quality development.
  • The continuously optimized business environment provides strong support for fostering and stimulating the vitality of business entities and promoting high-quality development.
  • Optimizing business environment is an essential component of consolidating and enhancing the positive momentum of economic recovery, and continuously promoting qualitative and quantitative economic growth.

Shanghai launches new online portal for expat services

Retrieved on: 
Tuesday, January 2, 2024

BEIJING, Jan. 2, 2024 /PRNewswire/ -- A news report from chinadaily.com.cn:

Key Points: 
  • BEIJING, Jan. 2, 2024 /PRNewswire/ -- A news report from chinadaily.com.cn:
    Shanghai Municipal People's Government launched the beta version of a new online portal (english.shanghai.gov.cn) for expat services on Jan 1.
  • Called International Services Shanghai, the new website will have its own Facebook, X (formerly known as Twitter), and WeChat accounts.
  • The portal, operated by China Daily, serves as a one-stop platform for foreigners, regardless of whether they are looking for information related to work, travel or study in Shanghai.
  • The portal has been integrated with the city's e-governance platform, Government Online-Offline Shanghai, to offer quick online access to foreigners.

Shanghai launches new online portal for expat services

Retrieved on: 
Monday, January 1, 2024

Shanghai Municipal People's Government launched the beta version of a new online portal (english.shanghai.gov.cn) for expat services on Jan 1.

Key Points: 
  • Shanghai Municipal People's Government launched the beta version of a new online portal (english.shanghai.gov.cn) for expat services on Jan 1.
  • Called International Services Shanghai, the new website will have its own Facebook, X (formerly known as Twitter), and WeChat accounts.
  • The portal, operated by China Daily, serves as a one-stop platform for foreigners, regardless of whether they are looking for information related to work, travel or study in Shanghai.
  • The portal has been integrated with the city's e-governance platform, Government Online-Offline Shanghai, to offer quick online access to foreigners.

EHang’s Certified EH216-S Pilotless Passenger-Carrying Aerial Vehicles Debut Commercial Flight Demonstrations in Guangzhou and Hefei

Retrieved on: 
Thursday, December 28, 2023

Today, two grand launch events were held at the Jiulong Lake Park in Guangzhou and the Luogang Central Park in Hefei.

Key Points: 
  • Today, two grand launch events were held at the Jiulong Lake Park in Guangzhou and the Luogang Central Park in Hefei.
  • Both events marked the debut commercial flight demonstrations with the certified EH216-S aircraft, which have obtained the Standard Airworthiness Certificates issued by the Civil Aviation Administration of China (the “CAAC”).
  • Today EHang’s debut commercial flight demonstrations mark a new chapter in the development history of the pilotless passenger-carrying aerial vehicle and the low-altitude economy.
  • From the world's first-of-its-kind pilotless passenger-carrying aerial vehicle system type certificate, our first delivery with standard airworthiness certificate, to today’s debut commercial flight demonstrations with certified EH216-S aircraft in Guangzhou and Hefei, we are making steady progress towards commercial operations, as planned.

Global Times: Xi's leadership steers Chinese economy toward high-quality development in 2023

Retrieved on: 
Thursday, December 21, 2023

As 2023 draws to an end, what transpired in the Chinese economy over the last year is consistent with that assessment.

Key Points: 
  • As 2023 draws to an end, what transpired in the Chinese economy over the last year is consistent with that assessment.
  • The economy faced serious downward pressure from shrinking demand, supply shocks, and weakening expectations - "triple pressures" as officials put it.
  • More crucially, China also achieved solid progress in high-quality development, with the rise of domestic consumption, scientific and technological innovation, and green development.
  • All told, China's recovery has become one of the biggest highlights for the global economy in 2023 amid a severe downturn and a complex geo-economic situation - China is expected to be the fastest-growing major economy and contribute roughly one-third of global growth, according to Chinese and foreign economists.

Global Times: Path to modernity: 45 years on, continuous reform and opening-up underpins pursuit of Chinese modernization

Retrieved on: 
Wednesday, December 20, 2023

Yet, this particular place provides a vintage point to view unprecedented changes China's 45 years of reform and opening-up brought to Shenzhen, the country as well as the world.

Key Points: 
  • Yet, this particular place provides a vintage point to view unprecedented changes China's 45 years of reform and opening-up brought to Shenzhen, the country as well as the world.
  • All of these are snapshots depicting the miraculous achievements of China's reform and opening-up over the past 45 years, its rising global significance, as well as the clear path forward as China is in full swing to pursue Chinese modernization.
  • "Chinese modernization is the result of reform and opening-up, which was true in the past, still is at present and will be in the future."
  • China's commitment to deepening reforms and expanding high-level opening-up offers great boost for global businesses' confidence in China.

Beijing Review: Nipping Economic Risks in the Bud

Retrieved on: 
Thursday, December 14, 2023

BEIJING, Dec. 14, 2023 /PRNewswire/ -- The annual Central Economic Work Conference was held in Beijing from December 11 to 12.

Key Points: 
  • BEIJING, Dec. 14, 2023 /PRNewswire/ -- The annual Central Economic Work Conference was held in Beijing from December 11 to 12.
  • President Xi Jinping delivered a speech during this conference, reviewing the country's economic performance in 2023, analyzing the current situation, and outlining next year's priorities.
  • A notable emphasis during the meeting was to be more mindful of risks and effectively respond to them.
  • This commitment to vigilance echoes President Xi's remarks at the 2021 Central Economic Work Conference, where he underlined the importance of preparing for the worst and preventing major risks or crises.

Global Times: China rebukes Moody's credit outlook cut, saying concerns over growth prospects 'unnecessary'

Retrieved on: 
Wednesday, December 6, 2023

China's economy is expected to continue to recover in the fourth quarter and will remain an important engine for global growth.

Key Points: 
  • China's economy is expected to continue to recover in the fourth quarter and will remain an important engine for global growth.
  • Moody's concerns about China's economic growth prospects and fiscal sustainability are unnecessary," the official said.
  • In fact, from another perspective, the move reflects that international institutions are still expecting high-speed growth from China, Tian told the Global Times on Tuesday.
  • Also on Tuesday, China Chengxin Credit Rating Group said that it has maintained China's sovereign credit rating AA+g, with stable rating outlook.