China’s central bank has sent a strong signal it wants to keep the Chinese yuan from weakening too quickly against the U.S. dollar, economists said.
Monthly Archives For September 2022
China Delays Key Annual Financial Forum Amid Covid Flare-Up
China has postponed an important annual financial forum in Shanghai this week, according to local officials, as the country battles a new wave of Covid outbreak.
China to boost science popularization by highlighting cyberspace, social funds
The country will strengthen the coordination of over 40 government agencies to jointly implement a newly issued official document on the work of science and technology popularization in the new era, …
China’s Foreign Investment Data Distorted by Hong Kong Flows
China’s government data show foreign investment into the economy grew by almost a fifth this year, a feat highlighted by officials as evidence global companies are resisting calls from US and European …
Chinese AI firm 4Paradigm renews IPO files, seeks Hong Kong listing
Chinese AI firm 4Paradigm renewed its IPO files on Monday as it seeks to go public on the Hong Kong stock exchange. The firm first filed for a listing in …
Apple looks to expand production outside China, expected to make more iPhones in India this year
Apple iPhone 14 will be manufactured in India by Foxconn and its production schedule is just six weeks behind China. Experts say India and China are likely to manufacture iPhone 15 simultaneously next …
Coronavirus in China: Lockdowns of Major Cities Continue
After the controversial, two-months long coronavirus lockdown of Shanghai, China has once again placed a city of more than 20 million people under house arrest. A coronavirus lockdown in Chengdu in …
Rescue Efforts Underway as China Earthquake Toll Rises to 65
The death toll from the strongest earthquake to hit China’s southwestern Sichuan province since 2017 rose to 65 on Tuesday as rescuers rushed to reach hundreds of stranded people, restore utilities …
China Drills Improved Taiwan’s Combat Abilities, President Says
The combat skills of Taiwan’s military are now “more mature” and it is better able to fight thanks to having to repeatedly scramble to see off Chinese forces during their recent drills, President Tsai …
Revving Exports to U.S. Keeps India in Race to Be Next China
India, believed by many to have the potential to become the next China, is finally making headway in the exports market as it broke into the top five suppliers of Christmas decorative items and …
China’s Energy Giants Sell Gas to World Scrambling for Supply
China’s biggest energy groups are diverting more liquefied natural gas away from their languishing home market, offering some relief to desperate buyers suffering supply shortages in other parts of …
The Alternate History of China
China seemed stuck with a dysfunctional hybrid economy: half planned and half market, with the worst features of both. The sense of paralysis helped drive popular dissatisfaction. In 1989, students in …
The Yuan’s Slide Is Too Big for Beijing to Stop
China’s economy is faltering and so is its currency. The yuan’s drop to a two-year low has led to hand-wringing that emerging markets have lost an anchor. The slide is regarded with foreboding in Asia…
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