China’s official manufacturing purchasing managers’ index (PMI) rose slightly to 49.7 in August from 49.3 in July, while the non-manufacturing gauge fell by 0.5 points to 51, according to data …
Monthly Archives For August 2023
Shenzhen navigates volatility to serve up dim sum bond
Government’s deal is likely to be the first of many as other Chinese sovereigns and quasi-sovereigns line up offshore renminbi bonds …
China exports of gallium and germanium surged before restrictions took effect in August, report shows
Beijing’s move to ‘safeguard national security’ was seen as retaliation against US and its allies for imposing chip restrictions on China, and led to stockpiling.
China’s Leaders Could Stem the Economic Slide. A Desire for Control Is Getting in the Way.
But Chinese policy makers’ preference for what they deem national security concerns over economic growth suggests that they will probably rely on Keynesian measures or monetary policy shifts to try to …
China’s economy is disappointing investors — and C-suites
While the People’s Bank of China (PBOC) has moved to cut interest rates to stabilize the economy, investors remain wary of putting money to work.
The Download: China’s AI chatbots go public, and how climate change is affecting hurricanes
The news: Baidu, one of China’s leading artificial-intelligence companies, has announced it’s opening up access to its ChatGPT-like large language model, Ernie Bot, to the general public.
China’s biggest homebuilder is fighting for its life. Here’s what you need to know about the real estate crisis
Country Garden was the biggest property developer in China, with more than 3,000 developments spanning the country.
China Lowers Down Payment, Mortgage Rate in Stimulus Push
China’s financial regulators cut the down-payment requirements for first- and second-time home buyers and lowered rates on existing mortgages, another major effort to halt a slump in the country’s residential property market.
U.S. will have to accept China’s growing influence, strength
After wrapping up a recent four-day trip to China, U.S. Treasury Secretary Janet Yellen told a media briefing: “We believe that the world is big enough for both of our countries to thrive.”
China’s largest property developer at risk of default
Country Garden reported a loss of almost $7 billion for the first half of the year, deepening China’s real estate crisis — and imperiling the broader economy.
China-Europe ties: EU narrows search for new Asia chief to 3 candidates with front runners hinting at bloc’s Beijing priorities
The European Union is looking for a new Asia chief to steer its changing China policy, with veteran official Gunnar Wiegand set to retire on Thursday. The bloc’s External Access Service (EEAS), its de …
Former staff of China-led bank dispute ex-PR chief’s allegations of Beijing influence
Canadian Bob Pickard quit the Asian Infrastructure Investment Bank in June, alleging the bank is controlled by Beijing’s ruling class and serves China’s geopolitical ambitions …
China’s CanSino seeks more vaccine contracts after AstraZenca deal
China’s CanSino Biologics, which recently announced a contract manufacturing deal to support AstraZenca’s messenger RNA (mRNA) technology vaccine programme, is in talks with more firms on similar deals,