Five of China’s largest lenders posted shrinking margins in the first quarter on Friday, as loan re-pricing bites.
Monthly Archives For April 2023
China Uses 5G and ‘Virtual Mines’ for More Efficient, Safer Coal Mining
Workers sit in air-conditioned rooms above ground controlling mining machines underground. China is turning to technology to increase the efficiency and output of its coal mines while also improving …
China Mobile Hong Kong Introduces Three Popular Middle Eastern Regions into its Top Asia and Europe Day Pass Package
More and more Hong Kong people are eager to relive the excitement of traveling, as flight routes between Hong Kong and the world resume. As an industry leader in international 5G data roaming service, …
CHINA MOBILE Mar 5G Customers at 689M, MoM Net Addition of 50.1M
CHINA MOBILE (00941.HK) announced that the aggregate number of the company’s mobile business customers stood at 983 million in March 2023, representing a MoM net addition of 4…. CHINA MOBILE (00941.
China automating mines to improve safety as coal output grows
China is pushing automated technology to improve the safety and efficiency of its coal mining industry, the world’s largest, which has long been plagued by safety lapses.
China’s Biggest Bank Posts Scant Profit Gain as Margins Shrink
Industrial & Commercial Bank of China Ltd. said profit growth slowed in the first quarter of 2023 as lenders wrestled with shrinking margins and the lingering economic impact of China’s exit from …
The Shining Promise and Dashed Dreams of China’s Live Shopping Craze
Star sellers can amass huge followings and eye-popping fortunes, through a format that mixes consumerism and entertainment. But competition is fierce, and the government is watching.
California Dem claims ‘economic competition’ with China leads to ‘murder of Asian Americans’
California Rep. Judy Chu argued on Wednesday that criticism and harmful rhetoric surrounding Asian countries like China could lead to the murder of Asian Americans.
Free to move about, China May Day tourists to stoke gasoline, jet fuel use
Freed from the most onerous of their COVID restrictions, China’s tourists are set to boost the country’s gasoline and jet fuel consumption next month as travellers for the May Day holiday take to the skies…
Ukraine should use China as leverage to help win the war with Russia, minister says
Ukraine’s finance minister said Kyiv should use its bilateral relationship with China as leverage to help bring an end to Russia’s full-scale invasion.
Can China broker peace in Ukraine? Don’t rule it out
Xi Jinping’s courting of both Moscow and Kyiv seems to be making headway, say Rajan Menon and Daniel R DePetris of Defense Priorities
Ukraine should use China as leverage to win war with Russia, finance minister says
Ukraine’s Finance Minister Sergii Marchenko tells CNBC’s Silvia Amaro that Ukraine should use China as leverage to win the war against Russia.
Foreign companies in China face growing scrutiny, pressure
Foreign companies are under growing pressure in China from anti-corruption, security and other investigations as President Xi Jinping’s government tightens control over business …
