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New Business

Explainer | China has a new 500 billion yuan ‘financial instrument’. How will it be used?

China’s top economic planner, the National Development and Reform Commission (NDRC), confirmed last month that Beijing was setting up a…

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New Business

China’s Hunan puts non-tax revenue in crosshairs, cracking down on sketchy fines

Hunan has become the latest Chinese province to tighten controls on non-tax revenue growth through a revision of local regulation,…

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New Business

China adds nearly 2 million private firms in first quarter as calls for support rise

The number of newly established private companies in China grew by 7.1 per cent in the first quarter from a…

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New Business

China steps up protections for private sector in updated draft law

China has moved to ban authorities from imposing fines on private businesses without a legal basis in the latest draft…

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New Business

China’s top political adviser, Wang Huning, reaffirms support for private economy

China’s No 4 political figure has rallied efforts to strengthen entrepreneurs’ confidence, as the employment-vital private sector braces for a…

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New Business

Wahaha heiress Kelly Zong Fuli back steering Chinese drinks giant after ‘shock’ quit move

An SOE run by the Shangcheng district government of Hangzhou, the city in Zhejiang province where the firm is headquartered,…

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