Economy

Job market competition intensifies in Q2 - China Economy News
Economy

Job market competition intensifies in Q2

Around 50 white-collar workers are competing for every position, although job postings and applications are down due to the pandemic, according to recruitment platform zhaopin.com.
China to promote high-quality development of national hi-tech zones - China Economy News
Economy

China to promote high-quality development of national hi-tech zones

China is ready to roll out policies to deepen the reform and opening-up of national high-tech zones to boost high-quality development.
China's central bank lowers relending, rediscount rates - China Economy News
Economy

China's central bank lowers relending, rediscount rates

The People's Bank of China will lower relending and rediscount rates by 25 basis points respectively, to bolster small businesses and rural sectors hit by COVID-19.
Caixin's June PMI hits new high for the year - China Economy News
Economy

Caixin's June PMI hits new high for the year

The headline reading rose to 51.2 last month, beating analysts' expectations. A sub-index for employment, however, fell further into contraction.
China lowers corporate, personal income tax for Hainan free trade port - China Economy News
Economy

China lowers corporate, personal income tax for Hainan free trade port

Chinese authorities have rolled out preferential income tax plans for companies and individuals in Hainan to build it into a globally influential free trade port.
IMF revises down 2020 forecast for Asian economy to 1.6% contraction - China Economy News
Economy

IMF revises down 2020 forecast for Asian economy to 1.6% contraction

The International Monetary Fund on Tuesday revised down its forecast for the Asian economy amid mounting COVID-19 fallout, projecting a 1.6-percent contraction in 2020.
June PMI data points to accelerating recovery of Chinese economy amid policy stimulus - China Economy News
Economy

June PMI data points to accelerating recovery of Chinese economy amid policy stimulus

China's factory and service activities continued to expand in June as a slew of supportive policies are taking effect, official data showed Tuesday.
PMI data points to continued recovery in Chinese economy - China Economy News
Economy

PMI data points to continued recovery in Chinese economy

China's official June PMI rose to 50.9 in June, with growth in new export orders fueling domestic activity. Small businesses, meanwhile, fell into contraction.
Top supermarket chains record healthy growth - China Economy News
Economy

Top supermarket chains record healthy growth

Leading chains saw revenue grow by more than 4 percent last year, when online sales more than doubled. The number of outlets nationwide also expanded.
China's non-manufacturing PMI rises in June - China Economy News
Economy

China's non-manufacturing PMI rises in June

The purchasing managers' index for China's non-manufacturing sector came in at 54.4 in June, up from 53.6 in May, the National Bureau of Statistics said on Tuesday.
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