Crisis has raised concerns about the health of banks, local governments’ fiscal viability, and impact of falling property prices on consumption and economic growth.
Monthly Archives For September 2022
Taiwan open to buying Australian exports banned in China
Taiwan has slammed Beijing’s sanctions on Australian exports and says it wants to help take up the slack as it lobbies to join a regional trade bloc.
China extends lockdown in Chengdu as it battles Covid-19 outbreak
Chengdu, which announced a lockdown of its 21.2 million residents earlier this week, is the largest Chinese city to be locked down since Shanghai.
Tech war: China looks for silver lining in latest US restrictions on artificial intelligence chips
The ban was a hot topic of debate among delegates at the World Artificial Intelligence Conference in Shanghai this week An employee at a Tianjin-based AI server company said its government business …
PBOC: China to ramp up financial support for the real economy in 2022
Ruan Jianhong, director-general of the Statistics and Analysis Department of the People’s Bank of China, speaks at a forum at the 2022 China International Fair for Trade in Services, September 2, 2022 …
China’s TikTok Owner Has No IPO Timeline, CFO Says
TikTok’s Chinese owner has no specific plans to go public, its chief financial officer has reportedly said, refuting speculation about an initial public offering by the world’s most valuable startup.
China’s manufacturing outlook remains bleak as power shortages, coronavirus weigh on production
The outlook in China’s manufacturing sector was bleak in August as activity remained in contraction despite showing a marginal improvement as new coronavirus outbreaks, power shortages caused by …
East China suspends ferries, classes as typhoon approaches
Cities in eastern China have suspended ferry services and suspended classes as they brace for the arrival of Typhoon Hinnamnor, a strong storm that is expected to also affect neighboring Taiwan, Japan …
China Threatens Reaction After U.S. Announces Arms Sales to Taiwan
A $1.1 billion package would “severely jeopardize” ties, Chinese officials say in demanding that Washington revoke the deal.
China Focus: Artificial intelligence spearheads China’s high-quality development
A staff member introduces a minimally invasive orthopedic surgery robot to visitors at the 2022 World Artificial Intelligence Conference (WAIC) in east China’s Shanghai, Sept. 1, 2022. With the theme …
Exports dip 1.15% to US $33 billion in August; trade deficit widens to US $28.68 billion
Oil imports in August jumped by 86.44 per cent to USD 17.6 billion. However, gold imports dipped by 47.54 per cent to USD 3.51 billion, the data showed.
Stock Connect expansion will attract more IPOs: FS
Financial Secretary Paul Chan on Sunday said China’s move to allow mainland investors to trade in shares of more overseas companies listed in Hong …
Will Covid-19 chills and slumping economy keep China from becoming world’s largest luxury goods market?
A confluence of macroeconomic factors appears to have stirred up an increasing amount of self reflection among China’s young middle-class shoppers and suppressed their appetite for spending Analysts …
