China will allocate in advance next year’s budgetary funds worth CNY400 billion (USD59.7 billion) to ease the burden on local authorities. The move aims to help make up for lower local government …
Monthly Archives For May 2022
China urged to deepen Asean ties as US becomes India’s biggest trading partner
The value of merchandise trade between the United States and India rose by 48.3 per cent to US$119.4 billion in the 2021-22 financial year Indian imports from China rose 44.4 per cent to US$94.2 …
China uses digital yuan to stimulate virus-hit consumption
China is using the digital yuan to stimulate consumption in its pandemic-hit economy, with more e-CNY applications expected in future to boost transparency and effectiveness of government policies.
The sustainable fashion brands leading the charge in China
There’s an opening for fashion brands in China that are able to demonstrate sustainable manufacturing processes.
China: COVID-19 curbs on business establishments in Shanghai to be lifted
Beijing: The Chinese authorities have announced that the lockdown restrictions imposed due to recent surge in Covid-19 cases on businesses in Shanghai, its biggest city, will be lifted from Wednesday.
Beijing reports one COVID-19 case from community screening
Beijing reported 18 locally transmitted COVID-19 cases on Monday as of 3 p.m., including 17 among those quarantined for observation and one from community screening, an official told a press …
Beijing man breaks COVID rules, tests positive, lands thousands of neighbors in quarantine
A Beijing man has landed thousands of his neighbors in quarantine after he ignored an order to stay at home and later tested positive for COVID-19, prompting a police investigation. The Chinese …
Beijing reports one new case at community level
A resident takes a COVID-19 nucleic acid test at a testing point in Beijing, May 26, 2022. [Photo/VCG] Beijing reported 18 new locally transmitted cases as of 3 pm on Monday, bringing the total number…
Most in China Call Their Nation A Democracy, Most in U.S. Say America Isn’t
Latana political research consultant Frederick Deveaux told Newsweek such studies “determine who is winning the battle of democracy in the eyes of the public.” …
Brent crude hits two-month high as China lifts COVID restrictions. Analyst predicts $124/barrel is next.
Monday’s surge in the global benchmark comes as China eased up on COVID restrictions in two major cities. Analysts are mixed about the staying power of …
US overtakes China as India’s largest trading partner with $119.42 billion in FY22
The US overtook China to become India’s top trading partner in 2021-22, reflecting strong economic ties between the two countries. According to commerce ministry data, in 2021-22, bilateral trade …
Locking The Stablecoin Door After The Horse Has Spent All Of The Crypto On Carrots And Then Vanished Over The Fence
There is no need to regulate stablecoin issuers as banks (because they will not provide credit) but instead to regulate them under something like the European electronic money regime.
China issues new stimulus measures to boost auto sales
Why it matters: The latest government measures, ranging from voucher programs to new quotas, could be a sign of recovery in China’s auto sector, which has seen production halted and raw material …
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