China’s youth are striving to support high-quality economic growth, participate in the development of socialist democratic politics, create a flourishing socialist culture, promote socialist moral and …
Monthly Archives For April 2022
The US has sanctioned crypto-mining firm Bitriver to prevent Russia from bypassing energy export bans
The US Treasury said that Russia’s advantage in energy resources and having a cold climate make its crypto mining services cheaper for foreign firms.
US investors realized 6X more crypto gains in 2021 than next country
Crypto investors from the United States realized crypto gains nearly six times higher in total than the UK, the second highest country in terms of realized gains. According to a report by Chainalysis, …
Xinhua Commentary: China confident in ensuring stable economy amid COVID-19 pandemic
Facing a pandemic unseen in a century, China is taking the lead in controlling the virus, resuming production and reversing economic performance from negative to positive growth. In 2021, China’s GDP …
COVID pandemic: China logs over 2,800 new cases with surge in fresh infections
Across China, cities are locking down their residents, supply lines are rupturing, and officials are scrambling to secure movement of basic goods, with its largest-ever recorded outbreak of COVID …
China could announce a ‘big stimulus’ in China in May or June, says investment firm
William Ma of Grow Investment Group discusses when China’s Covid lockdowns might end and when monetary and fiscal stimulus could be announced.
IMF chief warns of global risks from prolonged China slowdown
China’s actions to support the economy will be vital to the global recovery, the head of the International Monetary Fund has said, warning that a prolonged slowdown would have substantial spillover …
China’s manufacturers fear they ‘can’t survive another round’ of coronavirus outbreaks, lockdowns
Travel restrictions to limit the spread of the coronavirus are causing disruptions to logistics and supply chains, while ports are also experiencing delays Imports suffered their first fall in 18 …
Data Rules Risk Making China ‘Digital Island,’ Companies Say
China’s “uniquely restrictive” data laws risk boosting U.S. firms’ cost of doing business in the No. 2 economy and could lead to digital decoupling, a new report from an American business group warns.
Shanghai lockdown: European firms face ‘logistical nightmare’, says business group
A European business group says Western companies in Shanghai are facing a “logistical nightmare” as they start to reopen after a city-wide lockdown. The European Union Chamber of Commerce says that it …
China’s Xi urges dispute resolution, opposes sanctions
Chinese leader Xi Jinping on Thursday said his government supports talks to resolve international disputes, but opposes the use of sanctions. Xi’s comments in a televised address to an international …
China unveils private pension plan for ageing population
China unveiled a private pension scheme on Thursday, allowing employees to save funds in pension accounts and invest in financial products, in the latest move by authorities to address challenges …
China’s Covid Zero Will Drag Growth to Below 4%, Nomura Says
Nomura Holdings Inc. cut its forecast for China’s economic growth rate to 3.9% as the country’s insistence on sticking with Covid Zero disrupts the economy more severely than monetary policy can …
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