The fund house, which manages roughly 100 billion yuan ($15.69 billion), blamed the crash on wild shifts in investor sentiment and crowded trades in a sector that is “growing too fast in size.” …
Monthly Archives For January 2022
China coal futures rise after Indonesia export ban
Chinese coal futures rose on Tuesday ahead of a review of an export ban announced last week by Indonesia, one of the world’s largest exporters of the fossil fuel, stoking fears of knock-on effects for…
Analysis of China’s Rare Earth Import and Export Landscape in November
Imports from overseas producing rare earth mines. China’s rare earth imports are mainly rare earth ore, and the two major suppliers are Myanmar and the Uni …
China’s service trade continues rise, ministry says
China’s service trade rose 14.7 percent year-on-year to reach 4.68 trillion yuan ($734.29 billion) in the first 11 months of this year, the Ministry of Commerce said Tuesday. Service exports totaled 2 …
China denounces Walmart for ‘stupidity’ after Sam’s Club was accused of pulling Xinjiang products
By Laura He, CNN Business Walmart has been swept up in controversy in China after one of its retailers was accused of removing products sourced from Xinjiang. It’s more evidence of how difficult it …
Covid-19: A dozen days of lockdown spurs angst in China’s Xi’an
China is yet to report cases of omicron in the community … Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with …
Beijing sets air quality record in 2021
Beijing made a breakthrough in its air pollution treatment as the city reached the national air quality standard, local authorities said Tuesday. The city’s average concentration of PM2.5 was 33 …
Beijing seals off its Olympic ‘bubble’
BEIJING – Beijing sealed up its Winter Olympic “bubble” on Tuesday, preparing the Games venues, transport and staff for the world’s strictest mass sporting event since the global pandemic.
Conditions hard for 13 million under China virus lockdown
Authorities in the northern Chinese city of Xi’an say they can provide food, health care and other necessities for the 13 million residents under a now almost two-week-old lockdown. But in social …
China’s Shihezi city delights Times Square with fruits of green development
The 30-second video showcases sweet fruits, intoxicating wines, a green city image and a happy life of people from Shihezi in China’s Xinjiang. It is also an epitome of China’s efforts to lead urban …
China denies US report it’s rapidly growing its nuclear arms
A senior Chinese arms control official denied Tuesday that his government is rapidly expanding its nuclear arsenal, though he said it is taking steps to modernize its nuclear forces.
China central bank launches digital yuan wallet apps for Android, iOS
China has released pilot versions of its digital yuan wallet application on mobile phone app stores as the country’s central bank steps up its push to develop its own digital currency.The “e-CNY …
China Evergrande shares reopen higher; developer says contracted sales dropped 38.7% in 2021
Indebted property developer China Evergrande’s contracted sales plunged last year as the real estate giant struggled to repay creditors.
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