Homebuyers in Shanghai have threatened to stop repaying mortgages as they protest against a developer’s delay in handing over flats These boycott warnings come at a time when property sales are …
Monthly Archives For August 2023
China’s Jiangxi Province Used Most of Last Year’s Special Bonds to Fund New Projects, Report Says
Jiangxi province had issued CNY681.6 billion (USD94.5 billion) of special debt as of the end of last year, ranking 14th in the country. Its total debt balance was CNY1 trillion (USSD150.5 billion), …
Can China’s second-gen factory owners give ‘made in China’ a second chance in crisis?
Like young monarchs, suddenly thrust at the helm of their family’s legacy, China’s Gen Z and millennials are returning home to oversee decades of business growth in difficult times.
Instant view: China’s July exports fall 14.5% y/y, imports down 12.4%
China’s exports fell 14.5% in July year-on-year, while imports contracted 12.4%, customs data showed on Tuesday, in the worst showing for outbound shipments from the world’s second-largest economy …
China’s exports report biggest drop since July 2020 on sluggish global demand, domestic hiccups
Sales of Chinese products to foreign markets fell by 14.5 per cent year-on-year last month, shrinking for the third consecutive month, according to dollar-denominated figures published by China’s …
HSBC executive apologizes for calling the UK ‘weak’ over China
A top executive at HSBC has apologized after reportedly calling the UK government “weak” over its dealings with China, in another sign of the political tightrope the British bank has been made to walk.
Law firm Dentons hives off China business as Beijing tightens regulation
Move comes after Chinese government broadened cyber security and data protection laws on national security grounds …
China’s Wang Yi says Beijing, Moscow ‘reliable good friends’
China’s Foreign Minister Wang Yi and his Russian counterpart, Sergei Lavrov, held a telephone conversation on Monday in which Wang said that Moscow and Beijing are “trustworthy and reliable good …
HK gallery opens in Beijing with reflection on the great together
Millennia have passed, and Confucius’ ideas are still motivating people to seek common ground, no matter how difficult the times have become. This pursuit is a main reason behind the Streams Gallery’s …
China releases plans to restrict facial recognition technology
China is planning to restrict businesses’ use of facial recognition technology in favor of non-biometric methods, according to the Cyberspace Administration.
Don’t Be So Picky About a Job, China’s College Graduates Are Told
Under pressure from Beijing, Chinese schools have been told to do more to secure jobs for students, who are facing bleak prospects.
China’s great CPU hope – Loongson – finds it’s only four years behind Intel
Mission not accomplished Loongson Technology, the company leading China’s charge to develop CPUs locally, has revealed its most recent desktop effort performs at a level comparable with Intel’s tenth-generation Core architecture.
China’s central bank conducts 6-bln-yuan reverse repos
BEIJING, Aug. 8 (Xinhua) — China’s central bank conducted 6 billion yuan (838.4 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.9 percent Tuesday. The move is aimed at …
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