A new flexible cross-border travel program jointly launched by China Railway Guangzhou Group and its counterparts in Hong Kong, will soon take effect to improve connectivity between Hong Kong and the …
Monthly Archives For August 2023
The world’s biggest law firm is splitting off its business in China
Dentons, the world’s biggest law firm by number of employees, is distancing itself from its business in China in response to intensifying regulation in the country.
China’s property crisis deepens as another huge developer risks default
Investor confidence in China’s troubled property sector has been rocked again this week by reports that one of the country’s largest private building conglomerates missed interest payments on two bonds.
China tips into deflation as growth woes deepen
STORY: While the rest of the world grapples with inflation, China appears to be sliding into deflation. Consumer prices fell in July.Factory-gate prices also extended declines last month as the world’s second-largest economy struggled to…
Flashfloods kill 7 in southwestern China, death toll climbs to 33 in Beijing downpour
At least seven people died on Wednesday due to flashfloods in southwestern China, officials said. “Four (missing people) have been rescued, while seven have already been confirmed dead,” broadcaster …
China Consumer Prices Fall. It’s Not Quite Deflation But a Sign of a Faltering Economy.
Chinese consumer prices fell in July for the first time since the depths of the pandemic, the latest indication that the world’s second-largest economy is weak. The consumer price index declined 0.3% …
China trade surplus narrows sharply in July as exports, imports both posted double-digit decline
China’s trade surplus plunged to $80.6 billion in July 2023 from $102.7 billion in the same period a year earlier, compared to market forecasts of $70.6 billion, as exports fell
Japanese Carmakers See Next Few Years as Fight for Survival in China
This year, analysts expect Chinese brands to surpass foreign brands in their share of the overall domestic market for the first time in decades. Already in the first six months of 2023, local brands …
AstraZeneca signs vaccine deal with China’s CanSino
AstraZeneca has signed a deal with Chinese pharmaceutical company CanSino Biologics for the early development of potential messenger RNA vaccines, as the company expands its work in vaccines to include the technology first proven in…
China to Require All Apps to Share Business Details in New Oversight Push
HONG KONG (Reuters) – China will require all mobile app providers in the country to file business details with the government, its information ministry said, marking Beijing’s latest effort to keep the industry on a…
Explainer: Why was northern China ravaged by floods?
A Chinese river basin where 110 million people live has been hit by the worst floods since 1963 despite massive mitigation efforts, particularly during the rule of Mao Zedong, overwhelmed by the impact of global…
How China is responding to economic challenges
China on Wednesday reported it had entered deflation for the first time since 2021 — the latest indicator pointing to a slowdown in the world’s second-largest economy.Here’s how Beijing is attempting …
China leads race to modernise global money flows
A new platform to expand the reach of China’s digital yuan and other central bank digital currencies is moving closer to reality, raising eyebrows among some defenders of a system long dominated by …
