Property investment in China fell 8.5% in the first seven months from the same period a year earlier, after sliding 7.9% in January-June, according to data from the National Bureau of Statistics (NBS) on Tuesday.
Monthly Archives For August 2023
China central bank unexpectedly cuts rates to support sputtering economy
China’s central bank unexpectedly cut key policy rates for the second time in three months on Tuesday, in a fresh sign that the authorities are ramping up monetary easing efforts to boost a sputtering …
China is on course to overtake Japan and become the world’s No.1 car exporter
China is on course to overtake Japan to become the world’s number one car exporter by the end of the year, according to Moody’s Analytics.
Stock market today: Asian stocks mixed after China reports weak July data and cuts key interest rate
Asian stock markets are mixed after China reported weak July consumer and business activity and its central bank cut a key interest rate to shore up the struggling economy
China is on course to overtake Japan to become the world’s No.1 car exporter
China is on course to overtake Japan to become the world’s number one car exporter by the end of the year, according to Moody’s Analytics.
China skips giving update on surging youth unemployment as economic slump deepens
China’s government has skipped giving an update on a politically sensitive spike in unemployment among young people as official data showed an economic slump deepened in July.
As the U.S. and China move apart, two big banks are bucking the trend
JPMorgan Chase and Citigroup are funneling more investment into China, even as relations between the countries sour and Washington bans U.S tech investments that could bolster its rival’s military …
Tesla stock falls after cutting prices in China again
Tesla slashed prices several times in China between October and January after losing market share. In April, CEO Elon Musk hinted at more price cuts to help boost sales. The reductions kicked off a price…
China is becoming more trouble than it’s worth for US investment banks
The deal’s collapse has drawn attention to a bigger problem for US investment banks. Selling shares in Chinese companies offshore used to be such a money-spinner that it made up a huge share of the…
China’s property investment slides for 17th month in July
China’s property investment extended its fall for the 17th consecutive month in July, and home sales slumped, official data showed on Tuesday, as a deepening debt crisis weighs on the sector. Property investment fell 17.
China’s Average Wages – Trends and Implications for Businesses
Average salaries in China have more than doubled over the last decade, providing new opportunities and challenges for businesses.
Why China’s $3.9 trillion trust industry is sparking fears of contagion
Trust firms have defaulted on billions of dollars of investment products in recent years. Read more at straitstimes.com.
Beijing’s Daxing airport records daily high of over 150,000 passenger trips
The daily passenger throughput of Beijing Daxing International Airport has surpassed 150,000 for the first time, the airport said. This was reported by The
