China’s oil refinery throughput in July rose 17.4 per cent from a year earlier, data showed on Tuesday, as refiners maintained high processing rates to cater to domestic fuel demand over the summer …
Monthly Archives For August 2023
China Wants to Regulate Its Artificial Intelligence Sector Without Crushing It
Beijing issued 24 guidelines that require platform providers to register their services and conduct a security review before they’re brought to market.
China reports big data miss in July, stops releasing youth unemployment numbers
The National Bureau of Statistics report did not include the unemployment figure for young people, which has soared to record highs in recent months.
Those desperate to break the deadlock in Ukraine are hoping China will turn on Russia. They shouldn’t hold their breath.
One expert said it was “naïve American diplomacy” to think something fundamental between China and Russia had changed.
China’s Central Bank Cuts Two Key Policy Rates
China’s central bank cut two key policy rates, signaling that the country’s benchmark lending rates will fall later this month.
PBOC Adviser Says China Urgently Needs to Boost Consumption
An adviser to China’s central bank says the top priority of policymakers needs to be stimulating household consumption, comments that come as an economic recovery falters.
Shenzhen hopes for hit with ‘electronic music bus’
In a bid to attract tourists and showcase its vibrant music scene, Shenzhen in Guangdong province will unveil its “electronic music bus” to the public next week.
China central bank cuts rates for second time in three months to support 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 economic…
China’s Livestreaming Attracts Young Hopefuls as Competition Grows
Despite the demanding schedule, Zhang is one of millions of young Chinese people, who are facing record youth unemployment of more than 21%, attempting to forge livestream sales success stories on platforms such as Alibaba’s…
New US China tech ban is not only about technology
Outbound capital heading east is the target of a White House executive order, along with expertise, as the US casts a wide net to protect national security.
Top Chinese EV maker BYD opts out of deal to use Baidu’s autonomous driving technology, sources say
BYD, the world’s largest EV maker, is looking to develop its own driver-assist technology, sources say While the Apollo self-driving unit remains a priority for Baidu, CEO Robin Li has shifted his …
China’s gold prices rising higher than rest of world due to import curbs
The swing to a premium is being driven by tighter supply in China, the World Gold Council said in a report last week.
A Crypto Mystery: Who Controls This Fast-Growing Stablecoin?
A $3 billion mystery is gripping the crypto market. TrueUSD is one of the fastest-growing stablecoins—cryptocurrencies pegged to real-world money such as the U.S. dollar that investors use to trade in …
