Sir Richard Moore says Xi Jinping’s regime has supported Vladimir Putin diplomatically and amplified ‘Russian tropes’ such as Nato being to blame
Monthly Archives For July 2023
China’s June imports of Russian crude jump to record 2.56 mln bpd
China’s imports of crude oil from Russia hit an all-time high in June, Chinese government data showed on Thursday, with refiners continuing to snap up discounted Russian ESPO even as discounts against …
China prepares to implement mandatory certifications
China will start to implement mandatory certification for lithium-ion battery products starting from August 1 this year, despite calls from South Korea to defer such applications for South Korean …
Tencent’s low-profile founder praises China’s new support for private firms
Pony Ma, the low-profile founder of Tencent , on Thursday published an article in state media praising Beijing’s new supportive policies for the private sector, as a shift in tone towards Chinese …
Exclusive-China’s State Banks Seen Selling Dollars Offshore to Slow Yuan Declines – Sources
SHANGHAI (Reuters) – China’s major state-owned banks were seen selling dollars to buy yuan in the offshore spot market in early Asian trades on Thursday, two people with direct knowledge of the matter …
UPDATE 1-China c.bank eases cross-border financing rule to temper yuan weakness
China’s central bank and foreign exchange regulator on Thursday announced a relaxing of a cross-border financing rule, making it easier for domestic firms to raise funds from overseas markets and …
China’s ODI rises
China’s non-financial outbound direct investment (ODI) rose 22.7 percent year-on-year to 431.61 billion yuan in the first half of 2023, according to data from the Ministry of Commerce published on …
China eases limit for foreign debt
The People’s Bank of China, the country’s central bank, and the State Administration of Foreign Exchange announced in a joint statement on Thursday the intention to raise the parameter, which allows …
China Ramps Up Yuan Support With Fixing, Borrowing Measure Tweak
The yuan surged after China stepped up its support for the managed currency with a stronger-than-expected reference rate and a change to its capital curbs to lure inflows.
Aussie surges after strong jobs data; China’s yuan jumps
The Australian dollar surged on Thursday after the country’s employment data came in way above expectations, while the yuan marched higher after China moved to stem its currency’s decline by relaxing …
China’s Stemirna to Shut Down mRNA Vaccine Factory as Demand for Covid-19 Jabs Falls
Stemirna’s mRNA Covid-19 jab was approved for clinical trials in China in April last year but never received marketing approval. The firm initially planned to build two facilities to produce 400 …
China says its ‘priority’ is to stop Taiwan VP visiting US next month
It is China’s “priority” to stop Taiwan’s vice president and presidential frontrunner William Lai from visiting the United States next month, the country’s ambassador in Washington said on Wednesday,
Sun protection becomes all the rage in China as temperatures soar
In scorching Beijing, “facekinis” are the hottest new fashion downtown as surging temperatures shatter records.
