The move by Fitch Ratings comes a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the world’s second largest economy and concerns over Beijing’s capacity to support its biggest lenders.

China’s state-owned enterprises are shifting into new gears to raise their game and earnings by adding innovation and supply-chain security to their performance metrics, industry analysts said.

The Chinese stock market is poised to see the emergence of shareholder resolutions on ESG issues next year, as incoming corporate governance reforms start allowing many more minority owners to present proposals for voting, a stewardship expert says.

Veteran economist Wu Jinglian was asked for his views on how China should proceed in transforming its economy, focusing on the relation between President Xi Jinping’s ‘new quality productive forces’ and reform and opening-up policies.

China has named a group of state enterprises as its pioneers for tech development, pledging support but also raising questions over whether the behemoth state sector is the right incubator for future industries.

As Beijing tries to invigorate the economy, on-the-ground reactions suggest more government spending is needed to stabilise demand and restore shattered confidence in hard-hit industries.

In Beijing’s bid to realise ambitious economic growth goals for this year, steps are being taken to ensure local-level authorities are pulling their weight and not making matters worse for struggling businesses.

After Premier Li Qiang’s inaugural government work report, most observers are choosing a ‘wait-and-see’ approach to determine if the speech’s promises to foreign and private firms will manifest in specific policy prescriptions.

The move comes as the government calls on state-owned firms to embrace the use of AI in their businesses.

Washington’s report on China’s compliance in the World Trade Organization continues accusations since US-China trade war began, and Beijing says US is distracting from its own WTO ‘violations and sabotage’.

State media reports law aims to ‘implement equal treatment of state-owned and private enterprises’ but analysts predict no particularly innovative measures will come out of bill.

A murky business climate has left foreign firms wondering how much more they might become marginalised or eased out by the expanding state sector, and whether a more inward-facing China still wants their investments.

Once a license to print money, Chinese initial public offerings have been tarnished by opaque finances, scandals and Didi Global’s sudden NYSE delisting in 2022.

Small and micro-sized firms are considered vital to the health of China’s overall economy, and a new report offers suggestions for financial institutions and governments to empower growth and enhance resilience.

Challenges related to national security, data flows and market barriers still dominate hearts and minds, fuelling doubts about increasing investments in China, as well as contemplations about exploring overseas opportunities.

State-owned companies will dominate as the age of ‘fast leverage and fast growth’ is over, and developers face brutal years ahead, analysts said.

Huawei’s new smart car unit will cover smart car equipment manufacturing, AI system integration services, and AI software development, among other areas, according to records.

After a slew of promises made by the Chinese government to the country’s private businesses, growth and recovery have been weaker than expected – and experts are saying the solution to industry uncertainty is bold, consistent action in the sector’s favour.

Democrats on oversight committee release findings after multi-year investigation, accusing 2024 Republican front-runner of violating US Constitution.

Several of China’s major property developers have been delaying payments to small private suppliers or contractors – in direct contradiction to high-level instructions imploring their debts be settled promptly.

The bar has been raised for Chinese security firms – pushing them to become more internationalised and more commercialised to meet the growing need for protection overseas.

The commission administering China’s largest state firms has cautioned them to control and prevent risk in their financial subsidiaries and operations, a sign of heightened focus on systemic shortfalls as debt burdens continue to plague smaller institutions.

Private investment in China remained in contraction in the first 10 months of the year, with prominent economist Teng Tai saying new guiding theories are sorely needed.

Honor is bringing in a new chairman as part of efforts to pursue an initial public offering, according to a Chinese media report.

During a three-day tour of China’s northeast, a former centre of industry, Premier Li Qiang has placed seemingly deliberate focus on the country’s continuing efforts to break through bottlenecks.

It remains to be seen how much power the two-month-old division will wield as policymakers have failed to counteract the nation’s sluggish economic recovery and ongoing property crisis this year.

Parliament members ask if the companies will be excluded from the Global Gateway Business Advisory Board ‘within the context of de-risking from China’.