Retail giant Hennes & Mauritz AB returned to Chinese e-commerce platform Tmall more than a year after it was removed as part of a broader boycott of the Swedish company for its comments about Xinjiang…
Monthly Archives For August 2022
China’s service sector sustains recovery amid COVID-19 resurgence
BEIJING – China’s service sector, a key driver of its economic growth, has sustained recovery momentum in July despite a resurgence of sporadic COVID-19 cases and a weak property market. The services …
Shiqiang Song: The Original Wealth of Shenzhen Huaqiang North and BDS Beidou System
The navigation and positioning industry is the cornerstone of the national informatization construction, including navigation, positioning and time service systems. People are familiar with the Beidou …
The disappointing economic backdrop to China’s policy dilemma
China’s central bank cut its interest rates on Monday for the second time this year, but analysts suspect it will do little to spur lending in an economy awash with cash but lacking in consumer…
China’s central bank to issue 25b yuan of bills in Hong Kong
BEIJING – China’s central bank plans to issue 25 billion yuan ($3.69 billion) worth of bills in Hong Kong next Monday. The central bank bills will be issued in two batches. One batch is worth…
Live news updates from August 15: China’s central bank lowers rates, Third Point pushes for Disney overhaul
The company’s stakes in Bank of America and American Express both rank among its five largest holdings. In the first quarter, Berkshire bet on Citigroup with an investment worth $2.9bn. The shifts in …
China cuts interest rate to lift economy as Xi eyes up
China’s central bank trimmed a key interest rate Monday to shore up sagging economic growth at a politically sensitive time when President Xi Jinping is tr …
U.S. Approves Nearly All Tech Exports to China, Data Shows
Critics say the Commerce Department-led export-controls process needs an urgent overhaul, while others say the U.S. needs allies on board first.
China’s worst heatwave in 60 years is forcing factories to close
China’s Sichuan province has ordered all factories to shut down for six days to ease a power shortage in the region as a scorching heat wave sweeps across the country.
Concerns over China beef export ban eased
Australian beef exporters are on alert after rumours Beijing was on the verge of imposing an industry-wide ban on the importation of meat to China. A Chinese media report on Monday warned imports of …
Albanese: China has no justification to use Foot and Mouth Disease as reason to suspend Australian red meat imports
Prime Minister Anthony Albanese said Beijing had no grounds to use Foot and Mouth Disease (FMD) as a reason to suspend Aussie beef imports.
Analysis: Trapped cash mangles China’s policy plans
China’s surprise cut in key policy rates this week highlights a dilemma facing Beijing as authorities try to revive an economy awash with cash in the financial system but still lacking in consumer …
China Facing Power Supply Threat From Drought in Sichuan
A heat wave in Sichuan is curbing hydropower generation in a growing threat to electricity supply and economic growth in one of China’s most-populous provinces. Some factories in the manufacturing hub …
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