China’s central bank cut the one-year loan prime rate by 10 basis points from 3.8% to 3.7%. The five-year loan prime rate was reduced by 5 basis points from 4.65% to 4.6% — the first…
Monthly Archives For January 2022
China’s recovery has depended on a return to its old export-driven model: Information services firm
Mattie Bekink of the Economist Intelligence Corporate Network discusses the effects that China’s zero-Covid policy has had on its economy and the country’s lagging domestic consumption.
China’s Industry Ministry Expects Tight Chip Supply for Relatively Long Period
China’s industry ministry expects tight supplies of semiconductors over a relatively long period of time, an official said on Thursday. China encourages key domestic enterprises to increase investment …
China Stocks Climb as Banks Cut Borrowing Costs After PBOC Moves
Chinese stocks rose after lenders lowered borrowing costs following the central bank’s move to cut policy loan rates and commit to more easing.
Asian stocks rise after China rate cuts, Japan export gain
Asian stock markets rose Thursday after China cut interest rates to shore up flagging economic growth and Japan reported a double-digit rise in exports. Benchmarks in Shanghai, Tokyo, Hong Kong and …
China Stock Market May Extend Wednesday’s Losses
The China stock market on Wednesday halted the two-day winning streak in which it had picked up almost 50 points or 1.4 percent. The …
Number of new COVID-19 cases on Chinese mainland continues to decline
Epidemic prevention workers give thumb-ups at a residential area in Xi’an, northwest China’s Shaanxi Province, Jan. 19, 2022. (Xinhua/Tao Ming) BEIJING, Jan. 20 (Xinhua) — The number of new locally …
Biden says he pressed Xi Jinping on COVID-19 origins after all
President Joe Biden said Wednesday he pressed Chinese leader Xi Jinping about the origins of COVID-19 during their lengthy November phone call, a revelation that comes after two months of the White …
The breathable facade of the Shenzhen Rural Commercial Bank’s new headquarters connects occupants with the climate
In Shenzhen, the new tower headquarters for the Shenzhen Rural Commercial Bank features a diagrid superstructure that modulates sunlight …
Beijing city raises vigilance as local COVID cases tick higher before Olympics
China’s capital Beijing ramped up efforts to curb COVID-19 infections, ordering checks among cold-chain firms and urging residents to cut unnecessary gatherings, as the city reported an uptick in …
China cuts key rates, stepping up monetary stimulus effort to underpin economy
China stepped up its monetary easing efforts to prop up a slowing economy this week by lowering a set of key policy rates and lending benchmarks, and markets believe Beijing could ease further before …
Asian shares rise as China cuts key mortgage rate
Asian share markets broke a five-day slide to edge higher on Thursday, shrugging off drops in Europe and on Wall Street overnight as China underscored its diverging monetary and economic picture by …
NBC won’t send sports announcing teams to 2022 Winter Olympics in Beijing due to COVID-19
NBC’s broadcasting teams for figure skating, Alpine skiing and snowboarding had been expected to be in Beijing.
