BEIJING, June 27 (Reuters) – Profits at China’s industrial firms shrank at a slower pace … Despite relaxing COVID restrictions and gradual business resumption in major cities such as Shanghai last …
Monthly Archives For June 2022
Hong Kong stocks approach three-month high on China recovery signals as Beijing eases lockdown measures
Stocks jump as 57 of the 69 Hang Seng Index members chalk up gains. Reports this week may show Chinese manufacturing likely expanded in June, ending a three months of contraction.
Beijing Encourages Consumers to Switch to NEVs with Max. RMB10,000 Subsidy
Seven Chinese government departments, including Beijing Municipal Commerce Bureau, issued a notice regarding Beijing’s plan to encourage automobile replacement consumption. A subsidy will be offered …
China reports 106 new COVID cases for June 26 vs 116 day earlier
Mainland China reported 106 new coronavirus cases for June 26, of which 39 were symptomatic and 67 were asymptomatic, the National Health Commission said on Monday. As of Sunday, mainland China had …
China cbank makes biggest daily cash injection in three months
China’s central bank made the biggest daily cash injection into the banking system via open market operations in nearly three months on Monday, to ease pressure from rising cash demand towards the end …
China and Hong Kong: Five moments in fraught relationship since handover
When Hong Kong was returned to China 25 years ago, it was supposed to be a grand “reunification with the motherland” – the beginning of a new era. But relations between the island and the…
China questions the safety of open source code amid sanctions and tech dependency risks, but can it build a viable alternative?
Some experts say it should not be taken for granted that open source codes will remain free from sanctions in future Beijing has become increasingly worried that the country’s heavy dependence on open …
China’s Lighthouse Capital makes first close of second USD fund at $75m
Chinese financial advisory firm Lighthouse Capital has secured the first close of its second USD-denominated growth fund at $75 million, its filing with the US Securities and Exchange Commission …
Five key moments in HK-China’s fraught relationship
When Hong Kong was returned to China 25 years ago, it was supposed to be a grand “reunification with the motherland” – the beginning of a new era. But relations between the island and the…
‘Heading To Zero’—China Issues Shock Bitcoin Price Warning Amid Huge $2 Trillion Crypto Crash
By Billy Bambrough China president Xi Jinping has previously said the country should “seize the opportunity” offered by … [+] bitcoin’s blockchain technology but has since overseen a bitcoin and …
China’s Yangtze Memory takes on rivals with new chip plant
The Chinese memory chip producer Yangtze Memory Technologies plans to bring online a second plant in its home city of Wuhan as early as the end of this year, sources familiar with the matter say,…
China Insight: China’s Beauty Market Seen Surpassing 1 Trillion Yuan in Sales
While growth has slowed recently, rising household incomes and the increasing growth of domestic brands are seen driving the market.
US pledges $200B to G7 infrastructure project to counter China’s Belt and Road Initiative
President Biden said the the United States will pledge $200 billion to infrastructure investment programs that will counter China’s Belt and Road Initiative.
