The latest official data published by Beijing shows the Chinese economy making a stronger-than-expected start to 2024, with GDP expanding by 5.3% in Q1 compared to 2023. This puts China on track to achieve its growth target of around 5% as revealed by Premier Li Keqiang during the Two Sessions in March. Nevertheless, the National Bureau of Statistics acknowledged that the “external environment is becoming more complex”, posing a threat …
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In order to make life easier for expats living and working in China, the country’s Ministry of Commerce, together with other relevant government departments, has released “A Guide to Working and Living in China as Business Expatriates” that details everything from visas to mobile payment to getting a local SIM card. The guide will be updated on an annual basis as policies and procedures change. The guide includes information on …
Over the past few years, China has fully embraced mobile payments, becoming an almost cashless society. While this makes life very convenient for people living in China, it can create problems for people who are just visiting. Thankfully, the Chinese authorities have recognised this and have launched a new push to optimise payment services for use by foreign nationals. This comes as part of a raft of measures to encourage …
It was standing room only at the Landmark Hotel in central London on Wednesday, 20 March, as over 150 people packed in to hear the keynote speakers at the CBBC’s annual UK-China Business Forum. CBBC Chair Sir Sherard Cowper-Coles opened the event, stating that it was “a symbol of strength between our two great countries that so many want to take part in this great event.” He went on to …
CBBC has announced a number of exciting new speakers for the UK-China Business Forum 2024, which will take place on 20 March at London’s Landmark Hotel. The speakers are Zheng Zeguang, Chinese Ambassador to the United Kingdom; Eugene McKenna, Hydrogen and Sustainable Technologies Director, Johnson Matthey; and Kristina Koehler-Coluccia, Head of Business Advisory, Woodburn Accountants & Advisors. They will join a stellar line-up including Bim Afolami MP, Economic Secretary to …
The Two Sessions – the annual gathering of China’s top political advisory body and parliament – commenced in Beijing on Monday 4 March These political events offer insights into the intentions and priorities of China’s leadership and are sometimes used to announce political appointments and significant structural changes to the government. For a thorough post-event analysis and interactive Q&A session featuring a panel of industry experts, we recommend CBBC’s upcoming …
Raising a child in China is more expensive than almost anywhere else in the world. How did China’s childcare costs get so high, and what does this mean for the country’s future? Beijing-based think tank YuWa Population Research has estimated that the average cost of raising a child to the age of 18 is RMB 538,000 (£58,900), more than six times China’s GDP per capita*. The report found that only …
CBBC’s flagship UK-China Business Forum 2024 will take place on 20 March at London’s Landmark Hotel. The half-day conference, which will be followed by CBBC’s Spring Reception, will focus on the geopolitics of trade, with leading industry experts exploring opportunities in key strategic sectors, including transportation and EV evolution, and biosciences and healthcare, as well as considering topics around supply chain and risk management. The 2024 UK-China Business Forum will …
The China-Scotland Business Awards were announced and presented at the Chinese Burns Supper in Edinburgh on 8 February – with over 300 guests in attendance Businesses were shortlisted across seven different categories: Marketing Campaign of the Year; ESG Champion of the Year; Professional Advisory of the Year; Scottish Corporate in Hong Kong 2024; Chinese Corporate of the Year; The Dragon Award for Pioneering Spirit; and Educational Partnership of the Year. …
China’s markets have continued a multi-year slide in recent days, prompting China’s securities regulator to introduce new measures and even change its senior leadership. On Monday, 5 February, China’s blue-chip CSI 300 Index fell by close to 5%, hitting its lowest level since 2019. Confidence in the market has waned amid an economic turndown, driven by issues such as a debt-ridden property industry. The latest fall came on a day …