Widespread flooding across northern China kills 11 people as authorities warn of further risks
Monthly Archives For August 2023
China allocates $15.35 million for rescue work in Beijing-Tianjin-Hebei after heavy rains, state media report
China’s finance ministry and emergency management ministry on Tuesday allocated 110 million yuan ($15.35 million) for rescue work in the Beijing-Tianjin-Hebei area after heavy rains, CCTV news …
Factbox-China’s Measures to Support the Economy Amid Faltering Recovery
Low commission rates start at $0 for U.S. listed stocks & ETFs*. Margin loan rates from 5.83% to 6.83%. Aug. 2 – China’s finance ministry unveiled a package of tax relief measures for small businesses…
China spy agency’s social media debut calls for ‘all members of society’ to combat espionage
China’s highly secretive civilian spy agency has launched a public account on a major social media platform to call on “all members of society” to join its fight against espionage, offering rewards and protection for…
China Chip Firms Surge on Report of Technology Breakthrough
Chinese chipmaking machine suppliers surged on Wednesday following a media report that a state-backed firm made a significant technological breakthrough, spurring hopes the country can lessen its reliance on US semiconductor techniques.
Binance did monthly transactions worth $90 bln in banned China market- WSJ
Binance users traded $90 billion of cryptocurrency related assets in a single month in China, where cryptocurrency trading has been illegal since 2021, the Wall Street Journal reported on Tuesday citing internal figures and current…
WRAPUP 1-Major global firms warn of slow China sales as post-pandemic surge fades
LVMH, whose 75 brands include Louis Vuitton and U.S. jeweller Tiffany, reported a better-than-expected 17% rise in global second-quarter sales due to rebound in China, but refrained from giving an …
China intensifies flood rescue efforts south of Beijing after historic rains
China on Wednesday dispatched thousands of rescue workers to Zhuozhou, a flooded city of over 600,000 residents southwest of Beijing, as the remnants of Typhoon Doksuri continued to wreak havoc on swathes of the city…
A powerful typhoon pounds Japan’s Okinawa injuring people while making its way toward mainland China
A powerful typhoon slammed Okinawa and other islands in southwestern Japan Wednesday with high winds injuring more than 20 people as it moved west making its way toward mainland China. Typhoon Khanun,
Decoupling from Beijing ‘an illusion’, says French finance minister
French finance minister Bruno Le Maire said France was totally opposed to the idea of decoupling. (AP pic) BEIJING: France’s finance minister said during a visit to Beijing on Sunday that cutting all …
China Releases Package of Tax Relief Measures to Support Small Firms
BEIJING (Reuters) – China’s finance ministry on Wednesday unveiled a package of tax relief measures to support small businesses and rural households, as the world’s second-largest economy struggles …
Major global firms warn of slow China sales as post-pandemic surge fades
Eateries and luxury goods makers have been among few economic bright spots for consumers splurging following the lifting of COVID-19 restrictions on movement. Starbucks reported a 46% surge in …
Africa sets sights on China as a top destination for military training
PLA NDU has a distinguished list of African alumni that includes former Democratic Republic of the Congo president Joseph Kabila and General David Muhoozi, the former commander of …
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