Car boot fairs emerge in China’s big southern cities like Chengdu, Chongqing, and Guangzhou, with people selling goods and services from the back of their vehicles …
Monthly Archives For August 2022
China’s Baidu reveals its first quantum computer called Qianshi
Chinese search engine giant Baidu Inc revealed its first quantum computer on Thursday and is ready to make it available to external users, joining the global race to apply the technology to practical …
Exclusive: Some Chinese financiers cold shoulder Beijing’s property rescue call
Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance …
China battles to prop up the faltering yuan after it falls to a 2-year low against the dollar
In a surprise move, China fixed its currency at a stronger-than-expected level Thursday after the yuan slipped to a two-year low against the dollar.
China Starts Stealth Fightback Against Powell’s Strong Dollar
China took steps to support the weakening yuan Thursday, after a resurgent dollar pushed the currency to a fresh two-year low.The People’s Bank of China set its yuan reference rate at a …
China just minted a new billionaire amid the country’s strict pandemic healthcare measures
Shares of Shanghai United Imaging Healthcare surged 75% on its first day of trade, sending the net worth of its founder over $5 billion.
China Tourism Group Duty Free, biggest IPO of 2022, makes lacklustre debut in Hong Kong as tropical storm delays trading
China Tourism Group Duty Free traded almost flat as the market opened on Thursday afternoon The closely watched debutant will only have half a day trading after tropical storm Ma-on delayed the start …
A long-awaited UN report on Xinjiang may be further delayed, stalling what’s seen as a critical chance to call China to account
It’s been four years since a committee of United Nations experts called attention to “credible reports” that more than 1 million Uyghur and other Muslim minority peoples were interned in extrajudicial …
China Direct: Estonia explains dropout — Berlin in debate mode — Minion in jail
POLITICO’s China Direct explores Europe’s diplomatic and commercial relationship with China, delivering expert reporting and analysis every week in your inbox.
China Stimulus Lifts Mood in Countdown to Powell: Markets Wrap
Stocks rose Thursday as China’s massive stimulus and better-than-expected economic data from Germany steadied some nerves in the anxious wait for a key speech by Federal Reserve Chair Jerome Powell.
China heatwave: Sichuan residents flee heatwaves and power cuts underground
Those in Chongqing and neighbouring Sichuan are heading into underground bunkers and cave restaurants in an attempt to seek shelter from the heat. Some experts say the intensity of the heatwave could …
Exclusive-Some Chinese financiers cold shoulder Beijing’s property rescue call-sources
Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance …
Supply chain finance stepping into a new era
“With the advance of technologies, the supply chain finance is now ushering in a new development stage featuring digitization and also receiving policy support,” said Hu Yuefei, president Bank, at the …
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