New Chinese bank loans tumbled far more sharply than expected in April, adding to worries that the economy’s post-pandemic recovery is losing steam and putting pressure on the central bank to ease …
Monthly Archives For May 2023
Yellen says G7 members looking at how to counter China’s ‘economic coercion’
U.S. Treasury Secretary Janet Yellen on Thursday said many members of the Group of Seven advanced economies shared U.S. concerns about China’s use of “economic coercion” against other countries, and …
‘De-Americanize’: How China Is Remaking Its Chip Business
Seven months after Washington unveiled tough curbs, Chinese companies are doubling down on homegrown supply chains and drawing billions in cash from Beijing and investors.
China’s mounting such a strong attack on the dollar’s dominance that it’s paying for almost all of its Russian oil imports in the yuan
China imported $88 billion worth of major commodities from Russia in 2022, a 52% year-on-year jump from 2021 — mostly using the yuan.
China’s national blockchain research center aims to train 500,000 blockchain professionals
China’s national blockchain research center was launched in Beijing on Wednesday and plans to train over 500,000 blockchain professionals for the country.
China names head of powerful new financial regulator as industry faces greater scrutiny
China has appointed the head of its powerful new financial watchdog, which was created as part of sweeping reforms aimed at reining in the $60 trillion industry.
China’s falling birth rate pushes firms to diversify
STORY: Push chairs, onesies, and cuddly toys.Items in the baby aisle are facing declining sales in China as more people in the country forgo having children.China’s population drop is forcing companies that make things for…
China says it will resolutely object if U.S. curbs investment in semiconductor industry
China will resolutely object if the U.S. restricts its firms from investing in Chinese semiconductor industry, said Shu Jueting, a spokesperson at China’s commerce ministry on Thursday.
US cutting off China’s access to tools to make chips for computer servers, artificial intelligence
The US has been joined by Japan and Netherlands in limiting access to Beijing to technology that may be used to make weapons.
How quickly are China’s ChatGPT-style services catching up with Microsoft-backed OpenAI?
The popularity of OpenAI’s ChatGPT has opened the floodgates to similar services in China, with many firms pledging to catch up or even outperform the American company in the world of Chinese language …
China science, technology news summary — May 11
The following is a summary of published science and technology news of China. “ROOF OF WORLD” “There is always someone asking me where Waliguan is, and …
China inflation rate lowest in over 2 Years amid rocky economic recovery from the coronavirus-induced slump
China’s annual inflation rate fell to 0.1% in April 2023 from 0.7% in the previous month, missing market estimates of 0.4%.This was the lowest print since a deflation in February …
Why China Doesn’t Have a Property Tax
Local governments are sinking further into debt, but after years of talk, officials have yet to introduce a real estate tax.
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