Some Chinese suppliers to state-owned Chongqing Changan Automobile have written to the automaker after it cut their payments by 10%, saying they were unfairly being forced to pay for the industry’s bruising price war.
Monthly Archives For June 2023
China abandoned ‘zero covid.’ But some don’t want to leave it behind.
Critics call them paranoid; they call themselves prudent. These Chinese people are continuing to observe strict zero-covid rules amid a new surge of infections.
The most powerful man in crypto is facing charges. Who is Binance founder Changpeng Zhao?
Binance founder Changpeng Zhao has been accused of operating a “web of deception”. Who is the ambitious chief executive behind the company which dominates the crypto industry?
China’s Mysterious Entertainment Crackdown Hits Gay Pride Events
A wave of last-minute cancellations of concerts, conferences and other gatherings across China is now hitting LGBTQ-related events, including several related to this month’s Pride celebrations.
China begins drilling one of world’s deepest holes in hunt for discoveries deep inside the Earth
Narrow 11,000-metre shaft will reach the Earth’s crust to study internal structures as China seeks to explore new frontiers
China Asks Big Banks to Cut Deposit Rates Again to Boost Economy
State-owned lenders including Bank of China Ltd., Industrial & Commercial Bank of China Ltd. and Bank of Communications Co. were last week advised to cut rates on a range of products, including on …
China, Russia launch joint air patrol amid Asia-Pacific tensions
China and Russia conducted a joint air patrol on Tuesday over the Sea of Japan and East China Sea for a sixth time since 2019, coinciding with an increase in military manoeuvres and drills by…
China’s Property Shares Surge as Investors Bet on Stimulus Hopes
REUTERS/Thomas Peter/File Photo/File Photo Reuters HONG KONG (Reuters) – China property stocks listed in Hong Kong jumped nearly 8% on Tuesday as investors clung to hopes that Beijing would roll out …
BlackRock’s China head Tang leaving the company
BlackRock Inc’s head of China business, Tony Tang, is leaving the asset manager, the company said on Tuesday, after having played a key role in expanding operations in the world’s second-largest economy.
Living the ‘Chinese Dream’: Beijing’s new world order
As Beijing boosts its diplomatic clout, analysts say it wants to “remould” and even supplant existing institutions.
China may cut rates further in H2, government researcher says
China will likely further cut banks’ reserve ratio and interest rates in the second half of this year to support the economy, the China Securities Journal reported on Tuesday, citing policy advisors …
China, US talks in Beijing strike upbeat tone but risks remain
Meetings between senior U.S. and Chinese officials in China this week struck an upbeat chord, with both sides agreeing to maintain communication lines, even as Beijing remains leery of more …
Honduran president headed to China in first trip after ties established
Honduran President Xiomara Castro is set to travel this week to China, her foreign minister said on Monday, the leftist leader’s first visit to the Asian giant after establishing formal diplomatic …
