… Committee of the Communist Party of China holds a press conference to brief on China’s fiscal and taxation reforms and development. Officials including Minister of Finance Xu Hongcai, Deputy …
Monthly Archives For May 2022
Property sales in China post steepest drop in April since 2006
China’s property sales in April fell at their fastest pace in around 16 years as COVID-19 lockdowns further cooled demand despite more policy easing steps aimed at reviving a key pillar of the world’s …
Once China’s darling, tech industry is burdened by covid and crackdowns
Some officials had long felt the online finance sector had been allowed to expand too far without regulation. Still, industry executives were stunned Beijing would choose to forego a blockbuster IPO …
China to Limit ‘Excessive’ Incentives for Bankers in Pay Curbs
Chinese regulators told the nation’s securities industry to avoid handing out “excessive” short-term incentives to employees and smooth out the pace of pay disbursements, in their latest effort to …
Parts of Beijing empty as COVID curbs extended
STORY: Despite denying rumors of a lockdown, authorities in the city of 22 million people have already banned dine-in services at restaurants, closed some malls, entertainment and tourist venues and …
Chinese Telecoms Block Incoming Int’l Calls, Texts to Fight Scams
China Mobile is one of one of the country’s largest state-owned telecom operators along with China Telecom and China Unicom. The duration of the restriction in Zhejiang or plans to expand the measure …
Telecom firms announce services for senior Shanghai residents
Telecommunications carriers announced on Monday that new digital services for senior citizens will be launched in Shanghai to improve their daily lives and protect them against pa …
Daily Markets: Disappointing China Data Weighs on Stocks
As markets contend with disappointing economic data out of China and prospects for normal life not to return there at least until June 1, investors are also waiting for the fallout from Russia …
Students Protest Covid Lockdowns at Elite Beijing University
Authorities moved quickly to censor videos and photos that showed students at Peking University demonstrating.
Update: Beijing reports 39 new local COVID-19 infections
Beijing reported 39 new locally transmitted COVID-19 infections between 3 p.m. Sunday and 3 p.m. Monday, Pang Xinghuo, deputy head of the Beijing municipal disease prevention and control center, told …
Beijing urges Nancy Pelosi to ‘mind her own business’ in tit-for-tat row over Hong Kong cardinal’s arrest
Chinese foreign ministry spokesman Zhao Lijian tells American politician to focus on issues in United States, rather than ‘let Hong Kong bother her’ Communist Party journal publishes 7,600-word essay …
Once China’s darling, tech industry burdened by covid and crackdowns
Among China’s Internet big three, messaging and gaming giant Tencent’s stock is down 41 percent from a year ago, e-commerce titan Alibaba’s has fallen 59 percent, and search king Baidu’s has sunk 37 …
Microsoft hires up in China for secretive, ‘revolutionary’ real estate project
Microsoft is quietly doubling down on its controversial presence in China as it hires staff for a major real estate project that the company is advertising to locals as “revolutionary,” The …
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