Business
The exit channel for private equity and venture capital firms that invest in up-and-coming businesses like startups and small and medium-sized enterprises will be further expanded in China as the central regulator has approved an investment share transfer program in Shanghai.
China's top industry regulator unveiled a five-year plan on Tuesday to accelerate the integration of digital and real economies amid a broader push to lay down policy framework for the nation's industrial development until 2025.
The purchasing managers' index (PMI) for China's non-manufacturing sector eased to 52.3 in November, down from 52.4 in October, the National Bureau of Statistics (NBS) said Tuesday.
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When the Christmas season is here, relevant industries in China, dampened by the global spread of COVID-19 last year, have been recovering, yet challenges still remain.
Profits of China's major industrial firms maintained sound growth momentum in the first 10 months of the year as industrial production continued to recover and business operations continued improvements.
Counting their harvest from the Singles' Day online shopping festival, Thai livestreamer Namfon Lapjulpon and her Chinese husband could not help humming songs. "We've earned much more this year," said Namfon with a joyous grin.
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