The security challenges posed by the abrupt return of the Taliban are far more pressing for policy makers in Beijing, than any strategic interests down the road.
Monthly Archives For August 2021
Why China’s yuan still has work to do to oust US dollar as world’s reserve currency
It was never supposed to be a race to the top, but the matter of which currency gets to dominate world financial markets has been the subject of hot debate for years. The US dollar’s…
“China’s Fauci” Probed For Plagiarism After Questioning COVID-19 Policy
A top doctor in China’s fight against the coronavirus is under investigation for plagiarism, weeks after making a social media post questioning the country’s zero-tolerance strategy to control the …
Shenzhen first-shop economy flourishes in H1
Shenzhen is positioning itself as the first choice among Chinese cities for global brands launching flagship stores in the country and a shop window of global brands, according to a recently released …
Shenzhen is giving 2 million yuan to cross-border e-commerce merchants as ‘made in China, sold on Amazon’ sellers continue to suffer
Shenzhen is offering “made in China, sold on Amazon” merchants a subsidy of 2 million yuan as encouragement to find alternatives to the platform.
China Mobile 5G users surge, net profit up
China Mobile reported a 6% year-on-year rise in net profit for the first half of 2021, buoyed by a new 5G users and improving average revenue per user.
Crypto market tops $2 trillion for the first time in nearly 3 months as bitcoin rallies
Bitcoin topped $48,000 over the weekend, its highest level since mid-May but pared some of those gains on Monday.
The week in review: China’s economic and credit growth weakens
This round-up focuses on China’s latest economic indicators, penalties for IPO investors and a range of other new developments.
Official: China’s growth likely to slow due to virus, floods
A Chinese official says economic growth will soften this year due to summer flooding and anti-coronavirus controls …
China’s online shopping growth plunges to just 4% in July as retail sales disappoint
Retail sales rose by 8.5% in July from a year ago, lower than the forecast 11.5%, according to analysts polled by Reuters. Online sales of physical consumer goods rose by just 4.4% in July, far…
China central bank to auction two tranches of yuan bills in Hong Kong
BEIJING: China’s central bank said on Monday (Aug 16) it will auction two tranches of yuan-denominated bills in Hong Kong on Aug 20, as part of efforts to improve the yield curve in the city for…
China injects 600 billion yuan into financial system, keeps rate unchanged for 16th month
The People’s Bank of China (PBOC) on Monday left the interest rate on 600 billion yuan (US$92.6 billion) worth of one-year medium-term lending facility (MLF) unchanged.
China cbank offers more medium-term loan than expected to cushion economic slowdown
China’s central bank injected billions of yuan through medium-term loans into the financial system on Monday, which many market participants interpreted as an effort to prop up the economy, although …
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