S&P now sees a 5.2% expansion in 2023, down from its earlier forecast of 5.5%, and 4.7% growth in 2024, down from a 5% view.
Monthly Archives For June 2023
Beijing residents experience multi-day record temperatures
The heat wave in Beijing has set a multi-day temperature record. The capital city of China recorded temperatures above 104 degrees Fahrenheit for three days straight.
In China, world’s largest hybrid solar-hydro plant produces electricity on Tibetan Plateau
Kela plant in Sichuan is part of a huge renewable production base planned by the Chinese government to generate clean energy for 100 million households.
China, Mongolia to discuss technology, railway connections and green development as prime minister begins 6-day trip
Mongolian Prime Minister Luvsannamsrain Oyun-Erdene leads a high-level delegation for a six-day visit to China, which starts on Monday, with technology, railway connections and green development set …
Doyle McManus: Blinken tried to build a floor under US-China relations. He may have to keep doing it
When Secretary of State Antony J. Blinken went to Beijing last week to try to repair the frayed relationship between the United States and China, both sides kept expectations low.
Investors Wary As Beijing’s Stimulus Strategy Falls Short
Losses in Chinese assets are mounting again as Beijing’s modest stimulus disheartens investors. The Hang Seng China Enterprises Index of Hong Kong-listed Chinese firms slumped more than 6% last week to cap its steepest drop…
What If China Can’t ‘Lend’ the World a Hand?
As the market is close to new highs, the U.S. economy is going through a severe lending crisis, and if China is not able to recover as everyone wants it to, then we’ll have a…
China Bans Writers From Weibo for Comments on Stocks, Jobless Rate
China banned Wu Xiaobo, a well-known finance writer, as well as two of his peers from writing on the Chinese social media platform Weibo for allegedly spreading “negative and harmful information” …
The Global Impact of Offshore Blockchain Technologies
“The blockchain technology is so transformative If we lose it, it’s like we’re losing semiconductor chips in the mid to late eighties. We lose a key driver for technology growth, not just jobs, but …
How the U.S.-China Rivalry Could Help Terrorists Wipe Out the Human Race
Amid “enhanced great power competition,” a new report’s co-author warns it may be “difficult to come together in some areas, especially countering terrorism.”
China’s big three join GSMA Open Gateway initiative
Mats Granryd, Director General of the GSMA said “This will help unlock further value from 5G connectivity which will flow into the global economy and strengthen future investments, bringing …
Beijing gives initial nod to revive Ant IPO after crackdown cools: Report
A revival of the IPO may also mark a rehabilitation of sorts for Ma, who has been maintaining a low public profile since Beijing swooped. Chinese Vice-Premier Liu He last month told tech …
China’s JD.com brings back veteran to lead new grocery business as rival Alibaba plans spinoffs
JD’s management reshuffle comes amid sweeping changes taking place across Chinese technology giants, including at rival Alibaba.
