China’s auto sales regained strong momentum in June after dropping for three consecutive months, boosted by waning COVID-19 outbreaks and strong policy stimulus, industrial data showed on Monday. A …
Monthly Archives For July 2022
A Decade of Change | Ep.1: Beijing
In CGTN’s “A Decade of Change” series, we introduce the remarkable change of provinces, municipalities and autonomous regions in China. In 2017, the Master Plan of Development for Beijing (2016-2035) …
Security Forces in China Attack Protesters Seeking Frozen Funds
After a rare mass demonstration, bank depositors demanding their money back were beaten, kicked to the ground and dragged away in the city of Zhengzhou.
Scientists in China claim they developed AI to measure people’s loyalty to the Chinese Communist Party
AI software could be used to solidify party members’ determination to be ‘grateful to the party’, institute had claimed …
China deploys deorbiting ‘drag sail’ to aid fight against space junk
China has unfolded a large sail attached to a rocket component following a recent launch, as part of tests designed to help reduce the amount of space junk orbiting Earth. The country launched a Long…
U.S. and U.K. in Joint Warning on China’s Multi-Pronged Threat to the West
FBI Director Chris Wray and MI5 Director General Ken McCallum have warned of the growing threat posed by the Chinese Communist Party to U.S. and U.K. interests. The two spoke to an audience of …
GOP resists Democrats’ push for more UN funding despite China’s growing influence
House Republicans oppose Democrats’ push for more funding support for the UN, despite China’s growing influence within the organization.
Alibaba Stock News and Forecast: BABA, Tencent stock start week down after Beijing issues fines
Alibaba, Tencent and others were fined by for monopolistic practices. BABA stock is down 3.6% in Monday’s premarket. The fines are rather small, but they worry the market after 18 months of scrutiny.
Three cities in China impose partial lockdowns as new Covid cases are reported.
The cities of Xi’an, Lanzhou and Haikou set restrictions on several million residents. In Macau, the gambling hub, authorities shut casinos and ordered everyone to stay home.
UPDATE 1-China June new bank loans jump as Beijing steps up policy support
New bank lending in China leapt in June, rising more than expected, while broad credit growth quickened, as the central bank stepped up efforts to revive the pandemic-hit economy. Chinese banks …
China: Very strong loan growth but uncertainty remains on economic recovery
And this guidance proved to be successful as data shows that loan growth jumped in June. New yuan loans grew by CNY2810 billion in June from CNY1890 billion in May. Long-term loans to corporates …
China’s $220-bn stimulus unlikely to reverse global metals meltdown
Extra funds will likely be used to plug Covid-era budget gaps, and won’t tackle the bigger issue for metals demand: a subdued property market and a still-struggling manufacturing sector …
FTSE 100 down as China COVID worries weigh on miners
(Reuters) -UK stocks fell on Monday as worries about fresh COVID-19 curbs in China and the energy crisis in Europe hurt sentiment, with investors awaiting earnings reports for clues on corporate …
