RESERVE requirement ratio (RRR) cuts, open market operations and all structural monetary policy tools need to be used flexibly to ensure reasonably ample liquidity in the banking system, an official …
Monthly Archives For August 2023
Gary Gensler to Focus on AI, ‘We Can Get to Crypto Later’
Crypto can wait as there’s a bigger fish to fry, US Securities and Exchange Commission’s (SEC) chairperson Gary Gensler recently said. Notably, the man leading the crypto crackdown in the US believes that artificial intelligence…
China crams for World Bank business survey
If there is one thing China takes seriously, it is a test. From the ancient keju civil service exam to today’s ultra-competitive gaokao university entrance exam, a high ranking has been vital to success.
Analysis: China’s stubborn savers risk precipitating liquidity trap
China’s consumers and companies are tying up trillions of yuan in longer-dated deposits with banks, effectively taking a vast pool of money out of circulation and risking the kind of liquidity trap that hobbled Japan’s…
Typhoons Khanun, Doksuri add to China’s food security headache, as export bans push up global prices
Deadly rain in China have flooded fields and damaged crops in northern China, adding to concerns over Beijing’s food security drive and self-sufficiency push India, Russia and the UAE have also …
Automakers promote advanced tech to compete in China — the world’s top EV market
China is the world’s largest EV market with 5.9 million units sold in 2022, capturing 59% of EVs sold globally, according to Canalys.
Key Republican urges Biden to set broad restrictions on U.S. investments in China
The chair of a U.S. House committee on Thursday urged President Joe Biden to adopt expansive restrictions on outbound U.S. investment in China especially in key sectors likely to harm U.S. national security.
China nickel producers look to London exchange in dash for profit
Chinese nickel producers are looking to list metal on the London Metal Exchange (LME), two China-based industry analysts said, as they seek improved access to global markets and rush to lock in profits while they…
How a secret Chinese-run lab in Reedley illegally stored vials of COVID-19, infectious diseases
Jesalyn Harper, the city of Reedley’s code enforcement officer, thought the call would be routine – following up on an anonymous complaint about a business operating without a permit in an old …
OPPO is now the largest phone brand in China
According to Canalys, OPPO is now the largest phone manufacturer in China, with the brand posting sales of 11.4 million units.
China’s sprawling spy agencies are designed to root out the ‘five poisons’ at home and abroad, British intelligence says
China’s growing military and economic might has attracted worldwide attention, but Beijing has also developed a sprawling intelligence apparatus.
Xi’s Spent Just Two Days Outside China in 2023 as Problems Mount
Two days is all President Xi Jinping has spent outside his country this year, as mounting domestic problems from a faltering economy to rare political scandals demand the Chinese leader’s attention at home.
Crypto exchange HashKey bags license update to serve retail users
HashKey said it received a licence update from the Hong Kong Securities and Futures Commission, allowing the exchange to expand its business scope from serving professional investors to retail users.
