China’s central bank has leveraged its policy toolkit, cutting the interest rates of its medium-term lending facility (MLF) loans and reverse repos by 10 basis points for the second time this year, to …
Monthly Archives For August 2022
Ship docked at port, China keeps mum on extending financial aid to debt-ridden Sri Lanka
Chinese Foreign Ministry spokesman Wang Wenbin parried questions by the media over extending financial support to Sri Lanka after the country’s high-tech vessel docked at Hambantota Port.
Here is why China may not impose stronger trade restrictions on Taiwan
The value of trade targeted by China’s sanctions contributes a tiny amount of less than 1% to Taiwan’s gross domestic product, according to economists …
China’s Sichuan Limits Power to Homes, Offices Amid Extreme Heat
China’s southwestern province Sichuan began limiting electricity supply to homes, offices and malls on Wednesday, due to a severe power crunch driven by extreme heat waves and drought, according to …
Taiwan tensions force multinationals to rethink China risk
Multinational companies are drawing up contingency plans in the event of a US-China military conflict after Beijing launched an unprecedented series of exercises around Taiwan this month. The …
China’s Xi Makes First Public Appearance in Two Weeks
Chinese President Xi Jinping visited the northeastern province of Liaoning on Tuesday, state media reported, as he and other leaders emerge from a two-week absence from public activities, suggesting …
Wall Street rises as economic and financial problems mount
While the Fed may pull back on the interest rate hikes at its meeting in September, several officials have made it clear that the central bank is far from done in its drive to ensure…
Byton, BYD, SAIC, Nio, XPeng—China’s electric car industry is locking horns with US’ Tesla
China’s electric car companies completely dominate the EV market and are eating into Tesla’s business. In 2021, China’s EV industry was worth $124 billion.
China’s Dianxiaomi raises $110 million in funding round led by SoftBank, Sequoia
The investor, China Renaissance, also said the funding round included Tiger Global Management and GGV Capital, and the company will use the procees to expand its overseas team. The software as a …
Losses from crypto hacks surged 60% to $1.9 billion in Jan-July -Chainalysis
A representation of virtual currency Bitcoin and small toy figures are placed on computer motherboard in this illustration taken January 7, 2021. Picture is taken January 7, 2021. REUTERS/ …
Chinese mainland reports 566 new local confirmed COVID-19 cases
Medical workers scan the codes of nucleic acid samples at a testing lab in Sanya, south China’s Hainan Province, Aug. 14, 2022. (Xinhua/Zhao Yingquan) BEIJING, Aug. 17 (Xinhua) — The Chinese mainland …
Economic slowdown: China urges push to boost sluggish economy
Key economic indicators show China is having a hard time shaking off the impact the lockdowns are having on its manufacturing and retail business. In July, retail sales rose 2.7% …
Chinese U.S. ambassador doubles down on Beijing’s tough rhetoric
Qin slammed House Speaker Nancy Pelosi’s recent Taiwan visit as a “political provocation,” accused the U.S. of “changing the status quo” in the Taiwan Strait and called U.S. arms sales to Taipei a …
