Heavy rain in China has claimed six lives this week and forced the evacuation of some 200,000 people. Five people died in southeastern China, according to state media reports: A house collapse took …
Monthly Archives For June 2022
Real estate in China is still a big concern despite signs of overall economic recovery
China’s statistics bureau said the real estate market is still in a negative trajectory, and figures for May are showing a greater decline in the sector than in April. CNBC’s Evelyn Cheng reports.
Alibaba’s Intime ties up with 16 brands for recycling initiative
Around 60 recycling stations will accept used clothing for recycling. Intime, a brick-and-mortar retailer owned by Alibaba Group, has joined forces with 16 brands in China to encourage customers to go …
Taiwan-US security and military talks will discuss weapons and strategies to defend island against Beijing
Working-level talks between security and military officials this week precede high-level talks next week in Washington and Annapolis, Maryland.
Bloomberg News staffer released on bail in China, authorities say
A Chinese national employed by Bloomberg News was released on bail earlier this year following more than a year in detention, according to Chinese authorities.
‘Zero covid’ has many in China dreaming of leaving
A growing number of Chinese professionals are subscribing to a new school of thought known as runxue, how to “run” away from their home country.
China COVID controls makes Apple supplier Pegatron “emphasise” expansion elsewhere
China’s recent lockdowns to control the spread of COVID-19 have made Apple Inc iPhone assembler Pegatron Corp “emphasise” its expansion in other countries, a senior executive at the Taiwanese firm …
Aliens? China says it may have detected signs of life beyond Earth
China’s state-backed Science and Technology Daily released a report about several new possible artificial signals detected by the 500-meter ‘Sky Eye’ Five-hundred-meter Aperture Spherical Telescope …
China handset brands penetrate own chips into midrange models
Chinese handset vendors Oppo, Vivo and Xiaomi continue to strengthen in-house development of chipsets for greater product differentiation, and they are moving to expand the penetration of such …
China’s banks scramble to raise capital and answer calls to support economy
China Construction Bank Corp (CCB) started selling 60 billion yuan ($8.9 billion) in bonds on Wednesday, joining peers as they rush to replenish capital in response to tighter regulations and …
China and Russia are building bridges. The symbolism is intentional
For decades the Amur River has separated modern China and Russia — its waters cutting though more than 1,000 of their roughly 2,500 border miles. But it’s always lacked one thing: a vehicle bridge.
China: After banking protests, Covid app ‘restricts’ residents from accessing public transport or buildings
Customers of four banks in Henan have been holding rare protests for the past few weeks. According to the China Banking and Insurance Regulatory Commission, the major shareholder of village banks, a …
Property investment down 4 pct in January-May
China’s investment in property development went down 4 percent year on year in the first five months of 2022, data from the National Bureau of Statistics (NBS) showed Wednesday. The total property …
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