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For the first time in three decades, the Chinese premier will not host a press conference at the end of the annual parliamentary sessions, which began in Beijing on Monday, reports the South China Morning Post. It will also be scrapped for future years of the current National People’s Congress’ term barring exceptional circumstances, said Lou […]

China’s “national team” of major state-backed financial services companies has ploughed RMB 410 billion ($57 billion) into local equities exchange traded funds so far this year, according to UBS estimates, reports the Financial Times. Analysts at the bank said they derived the figure by making estimates based on calculations on excess transactions for 54 Chinese ETFs. The […]

China will target economic growth of around 5% this year as it works to transform its development model, curb industrial overcapacity, defuse property sector risks and cut wasteful local government spending, Premier Li Qiang said on Tuesday, reports Reuters. Li delivered his maiden work report at the annual meeting of the National People’s Congress (NPC), […]

Chinese hotpot chain Haidilao International Holding announced Monday that it will launch a franchise model to further support the expansion of its restaurant network, reports Caixin. In a filing with the Hong Kong Exchange, Haidilao said it has set up a franchise department to formulate the details of the franchise model and the business cooperation process. […]

Activity in China’s services sector grew for a 14th straight month in February, but at a slower pace than the previous month, with the sharpest contraction in employment since December 2022, according to a Caixin-sponsored survey released Tuesday, reports Caixin. The Caixin China General Services Business Activity Index, which provides an independent snapshot of operating […]