Tencent, which operates China’s largest social media network and is the world’s largest games company by revenue, generated $5.5 billion (RMB51.6 billion) of profit in the third quarter of its …
Monthly Archives For November 2022
‘Sky’s the limit’ for win-win China-Indonesia cooperation: chamber head
China-Indonesia economic cooperation has maintained robust growth in recent years. More than 1,000 Chinese companies have invested in Indonesia, contributing to local industrial upgrade by introducing …
BYD Expands Brand Mix With Second New Entry This Month
The new brand moves came as the company also today celebrated a production milestone of three million EVs. From the first new energy vehicle to the first million took BYD 13 years …
Kerry: Formal climate talks between US and China have resumed at UN summit
US climate envoy John Kerry confirmed to CNN that formal climate talks with China have restarted at the UN’s COP27 summit in Egypt, lifting a months-long freeze on negotiations …
Billionaire investor Ray Dalio warns the US and China are ‘dangerously close’ to a war that would crush economic growth
President Xi Jinping appeared to hint at a possible conflict with the US over Taiwan when he warned China to prepare for a “dangerous storm” last month.
Exclusive-China Advisers Say They’ll Recommend Modest Growth Target for 2023
Chinese government advisers say they will recommend modest economic growth targets for next year ranging from 4.5% to 5.5% to an annual policymakers’ meeting, marking a pickup from this year’s growth …
China’s PBOC Governor, Yellen Had ‘Constructive’ Talk on Economy
China’s central bank Governor Yi Gang and US Treasury Secretary Janet Yellen exchanged views on the economic outlook for the world’s two largest economies Wednesday, days after the leaders of the two …
China, HK stocks drop on COVID outbreaks, geopolitical risks
Chinese and Hong Kong shares fell on Wednesday, as concerns grew about rising COVID-19 cases in China, while market participants assessed risks after a blast in Poland stoked fears of an escalation of …
Bad loan ratio of China’s commercial banks declines in first 3 quarters
The non-performing loan ratio of China’s commercial banks fell to 1.66 percent by the end of the third quarter with strengthened risk-resistance, data from the banking regulator showed Tuesday. The …
China new home prices see sharpest decline in over seven years
Prices of new homes in China saw their sharpest decline for seven years in October, data showed Wednesday, as the real estate sector was battered by a debt crisis and a slowing economy.
West Overcomes China-Russia Lobby at G20 To Condemn Ukraine War
China and Russia reportedly objected to the use of the term “war” to describe the ongoing conflict in Ukraine.
France’s Macron: China can play a bigger role in pushing Russia towards de-escalation in Ukraine
PARIS (Reuters) -French President Emmanuel Macron said on Wednesday G20 leaders agreed to push Russia towards de-escalation in the Ukraine conflict and expressed hope China could play a bigger …
Footage Shows Rare Protest Against Covid Lockdown in China
Social media footage showed a large crowd confronting Covid workers in hazmat suits and tearing down fences installed as virus control measures in Guangzhou, China. It was unclear whether there were …
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