China is set to export the most steel this year since 2016, say analysts, as the weakening yuan and competitive prices help the world’s biggest producer offload surplus metal due to weak demand at home.
Monthly Archives For June 2023
Nation to promote R&D on 6G tech
G tech is promoted during an expo in Shanghai. [Photo/CHINA NEWS SERVICE] China will vigorously promote the research and development of 6G to establish a beachhead in the next-generation telecom …
Huawei Releases Innovations and Practices with Its Digital Managed Network Solution, Inspiring New B2B Service Growth for Carriers
At the Congress, Steven Zhao, Vice President of Huawei’s Data Communication Product Line, stated that Huawei launched its digital managed network solution and products in February 2023, which received …
China Mobile establishes metaverse industry alliance
The company members of the China Mobile Metaverse Industry Alliance. [Photo provided to chinadaily.com.cn] China Mobile has established an industry alliance for metaverse at the o …
China’s Arsenal of FX Support Is Ready as Yuan Pessimism Lingers
China may need to dig deeper into its policy kit to arrest a slide in the yuan, if it is serious about quashing pessimism toward the managed currency.
China Resumes Yuan Support With Stronger-Than-Expected Fixing
China stepped in to support the yuan for a third time this week, once again signaling a limit to its tolerance for weakness in the currency.
COVID infections still the number one infectious disease in Beijing: weekly report
A total of 2,869 cases of 19 infectious diseases were reported from June 19 to 25 in Beijing with the majority of them being cases of coronavirus, authorities said on Thursday. The number of …
China’s factory activity seen contracting for third month in June: Reuters poll
China’s factory activity likely contracted for a third straight month in June, albeit at a marginally slower pace, a Reuters poll showed on Thursday, underscoring the need for further policy stimulus …
More focus on stories as brands refine China livestreaming to boost profits
SHANGHAI – When tech giant Apple joined China’s livestreaming frenzy, a major driving force of the e-commerce boom in the world’s second biggest economy, it launched without deep discounts or a …
UPDATE 1-Corruption inquiry in Australia’s NSW state uncovers China links to lawmaker
(Updates with detail of misconduct findings against Maguire, China business links) By Kirsty Needham SYDNEY, June 29 (Reuters) – The former premier of Australia’s most populous state engaged in …
Huawei says applying 5G technology to business was more difficult than expected
Huawei’s Chief Financial Officer Meng Wanzhou said Wednesday that applying 5G to business was more difficult than she had expected.
Covid-19 deliberately engineered as ‘bioweapon’ by China, claims Wuhan researcher
The true origin of the pandemic, which has claimed the lives of 7 million lives worldwide, remains a subject of ongoing investigation …
Multinationals committed to China
BEEFING up their presence in China will only move multinationals forward with stronger growth over the long term, despite rising uncertainties over decoupling and supply chain disruptions, said global …
