Top news of the week:

• CIFTIS completes with fruitful results

  September 12, 2022

  China International Fair for Trade in Services (CIFTIS) came to an end on September 5 with more than 2,400 enterprises participating offline and hundreds of activities being held during the 6-day session. According to the preliminary statistics, CIFTIS has yielded fruitful results with 1,339 achievements including agreement signing and new product debut. China declared that its consistent proposition of inclusiveness and win-win cooperation to the world through the CIFTIS platform.

• Premier Li Keqiang emphasized to policy implementation to stabilize economy

  September 13, 2022

  Premier Li Keqiang made remarks while presiding over a special meeting on economic performance, stressing efforts to ensure the implementation of policy to stabilize economic growth, employment, and prices. Li heard reports from two working groups based on the investigation of 16 provinces. He commented that the economic performance is bouncing back with turbulences, and it is now a critical period to strengthen the base to boost economic resumption.

• MIIT: China’s mobile IoT connections account for over 70% in the world

  September 14, 2022

  According to Ministry of Industry and Information Technology (MIIT), with the joint efforts of all parties in the industrial chain, China continues to lead the development of global mobile Internet of Things (IoT). At present, the number of mobile Internet of Things connections in China has exceeded 70% in the world.

• State Council executive meeting calls for longer support for enterprises

  September 15, 2022

  Premier Li Keqiang presided over a State Council executive meeting and made decisions on multiple economic issues amid the recent economic difficulties. Measures include: 1) further extending the tax and fee deferrals for manufacturing companies while providing re-financing and interest subsidies from fiscal funds for manufacturers to upgrade equipment and boost market demand and accelerate growth momentum; 2) taking further step to stabilize foreign trade and investment to cement the foundation of economic recovery; 3) streamlining the regulations of the electronics industry, in a bid to lower institutional transaction costs and stimulate market vitality; 4) approving the nuclear power projects in Zhangzhou, Fujian province and Lianjiang, Guangdong province.

• State Council to further optimize business environment and lower costs for companies

  September 16, 2022

  The State Council unveiled on Thursday a guideline on optimizing business environment and easing the current strains on small businesses and cement the foundations of economic recovery. The guideline, released by the General Office of the State Council, called for the full implementation of the country’s negative list mechanism for market access and the removal of all hidden barriers. China will continue to regulate charges on market entities to ease the operation burden on market entities. It urged the improvement of services catering to the needs of companies, stressing the importance of stepped-up efforts to upgrade enterprises involved in cross-border trade. Oversight will be further enhanced to protect the legitimate rights and interests of market entities, while the exercise of administrative power should be kept within lawful bounds, according to the document.