Total assets owned by consumer finance companies surged to 753 billion yuan at the end of last year, up 43.5 percent from a year ago, said the report issued by the China Banking Association. Consumer…
Monthly Archives For October 2022
China’s Sept new home prices fall for third straight month – private survey
New home prices in China fell for the third straight month in September as a mortgage boycott across the country and a slowing economy discouraged potential home buyers, a private survey showed on …
China dashes travel blitz hopes for Golden Week
Shanghai banker Duan Ming hoped to get away with his family as China’s Golden Week holiday kicks off one of the country’s biggest annual travel-and-spending blitzes. But, like millions of others, the …
China’s consumer finance firms see outstanding loans reach 710.6 bln yuan
The number of consumer finance companies in China rose to 30 by the end of 2021 with their outstanding loans reaching 7106 billion …
Across China: Mexican businessman’s motorcycle career unfolds in China
CHONGQING, Oct. 1 (Xinhua) — When Mexican businessman Jaziel Romero Rodriguez joined Italika, a major motorcycle company in Mexico, he did not expect that a business trip to China in 2008 would be …
S.Korea reports 26,960 new COVID-19 cases
South Korea reported 26,960 new COVID-19 cases as of midnight Friday compared to 24 hours ago, raising the total number of infections to 24,796,014, the health authorities said Saturday. The daily …
COVID-19 in Shanghai: 3 local infections, 37 imported patients
The city reported no locally transmitted confirmed cases, three local asymptomatic infection, 14 imported confirmed cases and eight imported asymptomatic infections for Thursday, said the Shanghai …
Secretary of State Blinken offers ‘congratulations’ to people of China on Republic of China National Day
Secretary of State Antony Blinken issued the people of China a “congratulations” as the country celebrates People’s Republic of China National Day.
China asks top banks to provide US$84 billion in property funding: Report
China’s financial regulators have asked its six largest banks to offer at least 600 billion yuan (US$84.32 billion) of financial support to the property sector in a bid to gear up for the deepening …
March 2023: $2bn SAFE China deposits rollover sought
ISLAMABAD: Pakistan has sought rollover of SAFE China deposits of $ 2 billion in March 2023. Nong Rong, ambassador …
Blue-Touch Holdings Files for IPO
By Kathryn Hardison Blue-Touch Holdings Group Co. has filed for an initial public offering. Blue-Touch Holdings operates in China through operating …
This Spinning Camera On China’s Aircraft Carrier Is A Key Defense System
The spinning panoramic infrared system can detect, classify, and track threats that radar may not be able to see.
Metaverse company’s funding becomes proxy for U.S.-China tech fight
The escalating competition between the U.S. and China for advanced technology has spread to the alternate reality metaverse, where the two global powers are fixated on the U.K.-based company Hadean.
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