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Welcome to China Business Now, a 3-minute digest of what happened in China’s business sector, presented by 21st Century Business Herald.

China Business Now China Business Now

    • Wirtschaft

Welcome to China Business Now, a 3-minute digest of what happened in China’s business sector, presented by 21st Century Business Herald.

    CBN丨China’s yuan loans expand amid stable economic recovery

    CBN丨China’s yuan loans expand amid stable economic recovery

    China's August new bank loans exceed expectations as financial support for real economy increases.
     
    https://m.21jingji.com/article/20230912/herald/f911678e0eea8d89d118d5e505267fc1.html

    • 8 Min.
    CBN丨Renminbi grows as PBOC pledges decisive action to prevent overshooting

    CBN丨Renminbi grows as PBOC pledges decisive action to prevent overshooting

    China escalated its defense of the yuan by delivering a strong verbal warning to speculators and forceful guidance to investors with its daily reference rate, measures that pushed the renminbi up from a 16-year low.
     
    https://m.21jingji.com/article/20230911/herald/b57312f08313a9375e4f411935917b2c.html

    • 10 Min.
    CBN Friday Special丨Coffee with a kick takes China’s coffee wars to a whole new level

    CBN Friday Special丨Coffee with a kick takes China’s coffee wars to a whole new level

    Luckin Coffee is once again creating a stir with an unusual offering to capture the attention of Chinese coffee drinkers: lattes with a nip of Kweichow Moutai’s baijiu.
    The coffee chain partnered with China’s luxury liquor maker to launch an alcohol-infused coffee drink, the so-called “sauce-flavored latte.” Luckin Coffee hailed the success of its new collaboration with Kweichow Moutai, with more than 5.42 million cups of its baijiu-infused latte sold in its debut and sales hitting 100 million yuan a day, setting a new sales record for the Chinese coffee chain. 
     
    https://m.21jingji.com/article/20230908/herald/575f38ce6a40a8ad2479f3a24f5506e5.html
     

    • 12 Min.
    CBN丨China’s foreign trade’s declines narrowed in August

    CBN丨China’s foreign trade’s declines narrowed in August

    Between January and August, China's exports grew by 0.8% year-on-year to reach 15.47 trillion yuan, while imports were down 1.3% year-on-year to 11.61 trillion yuan, latest customs data showed.
     
    https://m.21jingji.com/article/20230907/herald/6f44e59645475abd89404cb62c0efa6c.html

    • 9 Min.
    CBN丨China, Indonesia share similar visions, common interests: Chinese premier

    CBN丨China, Indonesia share similar visions, common interests: Chinese premier

    Chinese premier hails strong China-ASEAN ties at the opening of 26th China-ASEAN Summit.
    Li said "China and ASEAN have succeeded in blazing a correct path of long-term good-neighborliness and friendship, as well as common development and prosperity as the world is undergoing profound changes unseen in a century," in his opening remarks at the China-ASEAN Summit in Jakarta 
     
    https://m.21jingji.com/article/20230906/herald/3c236d415950671aac6caf2952c2c919.html

    • 8 Min.
    CBN丨Bustling CIFTIS fair attests to China’s foreign investment magnetism

    CBN丨Bustling CIFTIS fair attests to China’s foreign investment magnetism

    Introducing new products, services, and technologies; announcing cooperations with Chinese partners and exchanging ideas at forums -- the hustle and bustle of foreign exhibitors at the ongoing 2023 China International Fair for Trade in Services (CIFTIS) has painted an inspiring picture of China's foreign investment magnetism.
     
    https://m.21jingji.com/article/20230905/herald/ae3a992b9ca4bc311437ab90f63e7828.html

    • 10 Min.

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