In a move to minimize dependence on imports from China and the USA and create employment opportunities, the industry body suggested focusing on labour-intensive industries such as toys and crackers.
Monthly Archives For August 2022
Are KOL Collaborations Still Important For Luxury Brands In China?
Collaborating with celebrities and key opinion leaders (KOLs) is a popular way for Chinese and global brands to leverage vast fan bases, reach new audiences, and ultimately spur revenue. This is …
Financial majors slash China’s GDP outlook
Both the banks slashed the GDP forecast while citing Covid-related lockdowns that have curbed business and consumer activity in China in the month of July, Daily Sun reported citing RT.
The largest underwear show in Asia area – China (Shenzhen) International Brand Underwear Fair 2022 was held on 10-12th August.
International Brand Underwear Fair (SIUF) is a yearly event which shows new products, trends and applications of underwear industry. It is …
China Punishes Officials Over Textbooks Showing ‘Ugly,’ Sad Students
Illustrations that emerged in the school books in May prompted outcry and the publisher was ordered to redesign the books for the upcoming school semester.
China’s Central Bank Calls on Lenders to Stabilize Credit Growth
China’s central bank called on major financial institutions to take the lead in keeping credit growth stable with the nation’s economy at a critical moment.
Inside China’s property crisis as thousands boycott mortgage repayments
China’s property sector is crumbling in the wake of the country’s tough pandemic restrictions, with frustrated homeowners taking part in unprecedented mortgage boycotts.
China to Give $29.3B in Loans to Stressed Housing Market: Beijing’s Biggest Commitment
China is looking to offer $29.3 billion in special loans to complete unfinished housing projects, marking a landmark financial commitment to curb the ongoing property crisis.
China drought causes Yangtze to dry up, sparking shortage of hydropower
Nationwide alert issued with south-west especially badly hit, as major companies forced to suspend work …
US oil exports to China and India jump as American crude heads overseas at a record pace
Buyers in China, India and South Korea have scooped up more than 20 million barrels this month, per the report. The increase in American crude heading to Asia has dragged down spot premiums for …
China claims progress on rockets for crewed lunar landings and moon base
China is progressing with the development of two super heavy-lift rockets for crewed missions and infrastructure launches to the moon, according to officials.
Pakistan’s export to China up nearly 12pct in January-July 2022
Ghulam Qadir, Commercial Counsellor at the Pakistani Embassy in China, told China Economic Net that Pakistan’s exports to China increased even when trade decreased with other countries in the month of …
Top headlines: Dreamfolks IPO on Aug 24; China to offer loans to developers
China will offer 200 billion yuan ($29.3 billion) in special loans to ensure stalled housing projects are delivered to buyers, people familiar with the matter said, ramping up financing support for …
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