Goldman Sachs has cut its 2021 China growth forecast, citing the fast spread of the highly contagious delta variant of the coronavirus that causes COVID-19, though the bank expects a rebound later in …
Monthly Archives For August 2021
China central bank to keep monetary policy ‘flexible and appropriate’
China’s central bank said on Monday it would keep monetary policy flexible and appropriate to maintain stability as the pandemic persists and domestic economic recovery is uneven. In its …
China Telecom eyes mega Shanghai IPO
Workers from China Telecom install mini 5G base stations at a telephone booth in Shanghai. The company is expected to install similar 5G equipment in more than 100 telephone booths by the end of the…
Zhengzhou launches 3rd COVID-19 testing round, essentials ‘secured’ Zhengzhou launches 3rd COVID-19 testing round, essentials ‘secured’
Central China’s Zhengzhou, a city just recovering from devastating floods, has launched a third round of citywide nucleic acid testing to cope with the recent COVID-19 resurgence.
China’s wandering elephants may finally be heading home
An elephant herd that grabbed the world’s attention by lumbering into urbanized parts of southwest China appears finally to be headed home.
Oil Prices Tumble on Worries Over China Delta Variant Outbreak
The price of oil and other key industrial commodities slid after measures to halt the spread of the Delta variant by the country’s government spooked investors about global energy demand.
Can Europe Force China Onto a Low-Carbon Diet?
Europe’s proposed carbon border tax has prompted a strong response from China, which is the world’s largest producer of steel and many other energy-intensive products.
Tech firm NetEase pulls $1bn Cloud Village IPO after Beijing’s attack on gaming
Chinese technology firm NetEase has put a pin in its $1bn Hong Kong listing for its music streaming service Cloud Village due to recent volatility in the tech market, according to reports.
NetEase unit Cloud Village pauses Hong Kong IPO as China’s antitrust scrutiny weighs on internet firms’ fundraising plans
The operator of NetEase Cloud Music originally planned to raise as much as US$1 billion, after winning the Hong Kong stock exchange’s approval, the Post had previously reported. Cloud Village’s …
China sues Tencent over WeChat Youth Mode
Beijing prosecutors have filed a civil legal action against Tencent over claims its messaging-app WeChat’s Youth Mode does not comply with laws protecting minors. Youth Mode prevents younger users …
China’s soft technology power is as important as its physical hardware that launches rockets
China can boost its soft power by better embracing products and services that improve people’s lives with soft technology.
China’s exports are doing ‘reasonably well’ despite slowdown in growth in July, professor says
Michael Pettis of Peking University explained that the pandemic has distorted year-over-year economic data due to “enormous base effects.” …
China goes from Driver to Brake for crude oil, iron ore and copper
China has switched from driving global demand for major commodities to being a drag on growth, with July’s customs data …
