China’s central bank called on the financial sector to help fund technology research and M&A deals, the latest in a string of promises to revive a private sector devastated by a two-year regulatory …
Monthly Archives For July 2023
Chinese finance ministry to issue RMB sovereign bonds worth 1.68 bln USD in Hong Kong
HONG KONG, July 27 (Xinhua) — China’s finance ministry will issue renminbi (RMB) sovereign bonds through the Central Moneymarkets Unit of the Hong Kong Monetary Authority (HKMA), with a total issuance size of 12 billion…
Agricultural Bank of China, Other Chinese Lenders Deny Rumors of Mortgage Rate Cuts
(Yicai Global) July 27 — Agricultural Bank of China and other Chinese banks have refuted rumors that they are reducing the rates on existing home loans, despite a recommendation to do so by the country’s…
China’s Small Loan Industry Continues to Shrink in First Half
As of the end of the second quarter, 5,688 small lenders had an outstanding loan balance of CNY827 billion (USD116 billion), down 113 and CNY45.2 billion, respectively, from the end of the first quarter, the…
After Ousting a Top Official, China Erases Him and Evades Questions
China blasted “malicious hype” around the abrupt removal of Qin Gang. The Foreign Ministry’s fumbling response pointed to its diminished influence under Xi Jinping.
China’s Game Market to Keep Recovering in Second Half, Official Says
The largest overseas market for Chinese game publishers was the United States, making up almost 32 percent of the total. The second-largest one was Japan with a nearly 20 percent share, followed by …
The US must beat China in the race for autonomous vehicle supremacy
Fostering and protecting cutting-edge United States innovation and advanced technologies, including artificial intelligence and machine learning, will be crucial if America is to beat China in the …
China’s Sunwoda plans $274.7 mln Hungarian battery plant
China’s Sunwoda Electronic plans to build a power battery factory in Hungary for electric vehicles, with initial investment of up to 1.96 billion yuan ($274.71 million), as Chinese battery makers …
US Senate Wants Firms to Report Crypto Investments in Chinese Technologies
The latest legislation requiring US-based companies to report any outgoing crypto investments into Chinese tech products.
Volkswagen takes steps to boost its China business as first-half earnings fall by 20%
Volkswagen has seen after-tax earnings fall by 20% in the first half of the year from the same period last year
Indonesian President Widodo arrives in China, plans talks with Chinese leader Xi
A Chinese news agency says Indonesian President Joko Widodo has arrived in China and plans to meet Chinese leader Xi Jinping.
From salesman to ‘spy’: An inside account of arbitrary arrest in China
The tale of Taiwanese businessman Lee Meng-chu, detained in China four years ago, underscores the dangers of working in a China with shifting “red lines.” …
Why America isn’t ready for a war with China
From battleships to semiconductors, experts say that America’s inability to build anything means the US isn’t ready for a war with China.
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