Jinjiang, a manufacturing hub for clothing and footwear in southeast China’s Fujian Province, boasts production lines of varied brands. Manufacturers in the city such as Kelme and 361 Degrees are …
Monthly Archives For May 2022
Shanghai aims to reopen more COVID-shut businesses, Beijing battles on
SHANGHAI/BEIJING (Reuters) -Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks in strict COVID …
China to let banks cut lower limit of home loan interest rates
China’s financial authorities said on Sunday they will let banks cut the lower limit of interest rates on home loans based on the corresponding tenor of the Loan Prime Rate for first home purchases.
Life skills program added to curriculum in China
It’s part of a new program that’s designed to hone their skills in production work and services. China’s Ministry of Education has taken another step in providing a more rounded education for young …
IMF win for China as yuan granted higher weight in special drawing rights
China’s will for opening up is unshakeable, central bank says, responding to doubts over dual circulation and zero-Covid strategies.
Talks over China’s post-3/11 food import ban remain stalled for over a year
The deadlock over the ban could affect discussions on China’s accession to a major Pacific free trade deal, sources said.
Import demand predicted trucking spot rate increase and decline
Shippers book maritime containers well before it turns into trucking and rail freight in the U.S. The relationship between international and domestic freight strengthened during the pandemic and they …
Iron ore slide shows China’s COVID conundrum
Iron ore quietly slid to four month lows last week as China’s COVID-zero policy bites. Stimulating steel demand in a locked-down economy isn’t proving easy.
Beijing’s Bird’s Nest launches ‘Dual-Olympic’ themed tourism route
The National Stadium in Beijing, also known as the ‘Bird’s Nest,’ has launched the trial operation of a ‘Dual-Olympic’ themed tourism route, which will officially open to visitors for the upcoming …
Do PLA drills reveal China strategy to deny military help for Taiwan?
Observers see a pattern in recent exercises suggesting Beijing is testing its ability to restrict other countries’ access to the island.
China tightens curbs on overseas travel as part of Covid battle
China has said it will impose tight restrictions on “non-essential” overseas travel for its citizens to help contain the worst coronavirus outbreak the country has seen in the past two years.
China’s export container shipping index down in April
China’s index of export container transport declined in April, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) decreased by 6% month on month to 3,131 …
Inside the week that shook crypto to its core
The failure of once-hyped stablecoin luna has been described as “one of the greatest catastrophes crypto has ever seen”, sparking serious questions over the functioning of the entire crypto market.
