Sixian County in Suzhou City, east China’s Anhui Province, has reported 43 locally-transmitted confirmed cases of COVID-19 since June 26, the local government said. Meanwhile, 236 asymptomatic cases …
Monthly Archives For July 2022
China eases Covid entry restriction to allow transit via third country
A notice from the Chinese embassy in the US says travellers can now get health codes needed to board flights when travelling to China via third countries News is likely to reduce burden on businesses…
Rescue under way after vessel snaps in two in South China Sea – video
Rescuers rush to an area of southern China where a ship with a crew of 30 on board was snapped in two by strong waves created by Typhoon Chaba …
Mainland China Manufacturing Surges Back Into Growth In June, Supplier Performance Improves, Prices Fall
Manufacturing growth rebounded sharply in mainland China during June, according to the Caixin PMI survey, compiled by S&P Global. Read more here.
China’s two policy banks to raise 300 bln yuan to finance major projects
The People’s Bank of China (PBOC), the country’s central bank, will support two policy banks to raise up to 300 billion yuan (44.87 billion U.S. dollars) via financial bond issuance to fund the …
China’s internet watchdog ramps up crackdown on online scams amid growing number of counterfeit financial services apps
The Cyberspace Administration of China said it has removed 42,000 counterfeit financial services apps since the start of this year The illegal platforms were added to its fraud blacklist, which …
China is doubling down on its bid to challenge the dollar’s global dominance. Analysts lay out why it’s unlikely to succeed.
“I’d rather be paid in US dollars than rand, real, rubles, rupees or yuans,” Oanda analyst Jeff Halley told Insider in a recent interview.
Why China is the best place to buy in the tech sector right now
The divestitures add to the pressure on Chinese tech stocks after they staged a strong comeback from a multiyear trough thanks to a softening regulatory stance and an easing of Covid-19 restrictions.
China’s software sector sees revenue growth of 10.6 pct in Jan-May
China’s software and information technology service sector sustained stable growth in the first five months of this year, with revenue from software-related businesses up 10.6 percent year on year, …
China’s chemical fiber industry posts growth in revenue
China’s chemical fiber industry recorded an expansion in operating revenue during the first five months of the year, data from the Ministry of Industry and Information Technology showed. The combined …
China’s textile, garment exports expand in first 5 months
China’s exports of textile and apparel maintained growth momentum in the first five months of the year, data from the Ministry of Industry and Information Technology (MIIT) showed. Textile and apparel …
China’s Great Wall Motor shelves $1 billion India plan, fires all employees
Chinese automaker Great Wall Motor has been planning to enter the Indian market since 2020 but now becomes one of the biggest casualties of New Delhi’s increased scrutiny of investments from Beijing.
China’s Great Wall Motor shelves US$1 billion India plan: sources
Chinese carmaker suspended its investment plan in India and laid off all employees at its operations there after failing to obtain regulatory approvals.
