China’s key joint-stock banks have officially announced a reduction in renminbi deposit rates, with a 15 basis points cut for three-year and five-year deposits following the recent rates adjustment by …
Monthly Archives For June 2023
China, HK stocks close roughly flat as investors brace for fresh data
China and Hong Kong shares closed roughly flat on Monday as investors brace for fresh data this week, which will likely add to concerns over the economic health of the world’s second-biggest economy.
China records fewest marriages in more than three decades as population crisis looms
China last year recorded its lowest number of marriages since public records became available, furthering a nearly decade-long decline in matrimony that has coincided with falling birth rates and …
China says firmly opposes U.S. import ban on Chinese firms over Uyghurs
China firmly opposes U.S. inclusion of two more companies, and some of their units, on a list of entities accused of alleged human rights abuses, the commerce ministry said on Monday.
The future of Cryptocurrencies: Bitcoin, Ethereum, XRP, Dogecoin and DogeMiyagi in the Era of China’s Crypto Market
In this article, we will examine the implications of China’s entry into the crypto picture and what it could mean for investors of Ethereum, XRP, Dogecoin, and DogeMiyagi.
Billions in crypto stolen by North Korean hackers to fund missile R&D
North Korean hackers have stolen billions in cryptocurrency that have partly been used to fund the regime’s ballistic missile program.
China’s economy is slowing down. Is it permanent?
The COVID pandemic and the war in Ukraine have altered China’s upward path, Axios reported — those events “prompted countries around the world to reassess trade relationships and the risks of relying on rivals for…
China says allegations of Chinese spying in Cuba are false
China said on Monday that allegations that it was using Cuba as a spying base are false and it denounced the U.S. government and media for releasing what it called inconsistent information. A Biden administration…
‘Smartification’ is the next frontier in China’s EV race, says Xpeng president
Brian Gu, the president of electric vehicle manufacturer Xpeng, speaks with CNN’s Kristie Lu Stout about the future of China’s competitive EV industry and his company’s plans to soar ahead in the burgeoning flying car…
‘Messi mania’ in China as fans clamor for a glimpse of Argentina star
Beijing police have urged fans of Lionel Messi not to be cheated by expensive scams after the soccer superstar landed in China last weekend.
Goldman Sachs sees ‘no quick fix’ for China’s ailing property sector even as developers rally the most since November
With China’s policy focus shifting to supporting strategically important industries amid falling demand and weaker housing affordability, it could weigh on the sector for years to come, according to Goldman Sachs.
Financial opening-up keeps gathering steam
China has taken another major step in the opening-up of its financial markets with the launch of swap connect, an interest rate swap market access scheme between the Chinese mainland and Hong Kong, in …
China’s PV exports post steady growth in first four months
Exports of PV products rose 18.9 percent year-on-year to $19.35 billion, according to the Ministry of Industry and Information Technology. From March to April, China’s PV industry saw a high operating …
