China is seeking to boost consumption to spur the economy’s recovery, although the government has stopped short of providing direct fiscal support to consumers and companies to increase spending. The …
Monthly Archives For July 2023
China curbs exports of drone-related equipment amid U.S. tech tensions
China on Monday announced export controls on some drone-related equipment amid escalating tensions with the United States over access to technology. China’s commerce ministry said in a statement the …
HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report
The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts.
Factbox: China’s oil and uranium business in Niger
China, Niger’s second-largest foreign investor after former colonial power France, has in the past two decades ploughed billions of dollars into the landlocked West African nation, mainly for the exploration of oil and uranium.
Covid-19: Leaked cremation data hint at true scale of China’s death rate
Cremation figures released and then quickly withdrawn by authorities in China’s Zhejiang province appear to confirm widespread doubts about the government’s official pandemic death count, and lend …
China just unleashed broad stimulus measures to fire up the economy — but analysts think these have failed to live up to expectations
China wants to improve EV infrastructure, expand the supply of affordable rental housing, and get local governments to cut entry fees at attractions.
Thousands flee homes as heavy rain lashes China after Typhoon Doksuri
China’s largest storm in years has caused scenic spots to close, left flights cancelled and construction halted in the capital, Beijing.
Ant Group unlikely to reboot IPO in the near future, says Chinese state-owned media
Alibaba-affiliated financial services giant Ant Group is unlikely to refile for an IPO in the short term, according to a report in Chinese state-run media …
Weak Chinese factory activity puts pressure on Beijing to support economy
The Chinese Communist party’s senior decision-making body, the politburo, last week announced measures to try to boost the flagging economy, which it acknowledged was making “tortuous progress”.
How China Is Trying to Lift Its Slumping Economy
The National Development and Reform Commission, China’s top economic planning agency, released a comprehensive document on July 31 repeating many of the pledges so far. The document focuses on …
If Elon Musk understood anything about China, he’d know his attempt to make X a super app like WeChat is doomed to fail
The US isn’t China, and WeChat’s success can’t be easily replicated.
Analysis: Words only go so far: Investors want property fixed before buying China
For all the excitement whipped up in China’s markets by the Politburo last week, foreign investors say policymakers’ words will have to be matched by substantive action to clean up an ailing property sector before…
Analysis: Biggest hurdles to China entry into trans-Pacific trade pact are political
China should be able to meet standards set out in a major trans-Pacific trade pact, trade experts say, forcing members to make a politically uncomfortable decision on whether to let Beijing join a deal created…