A lack of confidence among citizens about their current financial situations, and China’s broader economic plight, better explain this conservative consumer behavior, at a time when Beijing …
Monthly Archives For August 2023
Victory, not détente, is the right American strategy toward Beijing
Macmillan was paraphrasing his predecessor, who had actually said, during a 1954 visit to the White House, that “meeting jaw to jaw is better than war.” But Macmillan’s paraphrase was more quotable …
China’s industrial profit decline narrows in July
China’s major industrial firms reported a smaller profit decline in July, official data showed Sunday. Industrial firms with annual main business revenue of at least 20 million yuan (about 2.78 …
China’s anti-corruption campaign is shaking up healthcare. Will it spur innovation?
The crackdown has been called the biggest of its kind in the domestic industry But experts are still unsure if it will address the systemic problems and bring tangible change China’s healthcare system …
China’s industrial profits extend slump into seventh month
Big Chinese manufacturers posted losses for the first half, with engineering firm China Aluminum International (2068.HK) reporting a net loss of 830.6 million yuan ($114.2 million), compared with a …
As China’s property crisis plagues its economy and financial system, is a ‘Lehman Moment’ looming?
China Evergrande Group reported losses of 812 billion yuan (US$112 billion) for 2021 and 2022, while fellow property developer Country Garden is on the verge of a bond defaultA so-called Lehman moment …
China’s rare earths dominance makes U.S. supply chains vulnerable, trade representative says
China’s dominance in rare earths makes U.S. supply chains vulnerable, U.S. Trade Representative Katherine Tai told CNBC’s Martin Soong.
China plans to cut stamp duty on stocks by up to 50% to revive confidence-sources
HONG KONG/BEIJING (Reuters) – Chinese authorities are planning to cut the stamp duty on stock trading by as much as 50%, three people with knowledge of the matter said, in a further attempt to …
China’s Travel Rebound Risks Super-Charging Jet Fuel Prices
After years of pent-up demand for leisure and business travel due to the ravages of Covid-19, millions of Chinese are taking to the skies again as the nation leads an aviation boom across Asia.
China, interest rate hikes putting handbrake on economy
China’s economic woes and a lag in the sting of interest rate hikes have been flagged as the two biggest challenges to Australia’s economy. Treasurer Jim Chalmers says the economy has weakened as a …
China’s third ‘opium war’ against the West
China dominates the global fentanyl trade, helping to both supply the raw materials to produce the deadly drug.
Chinese brands look to impress at textile show
Brands such as Aparso, Rusy & Cindy, Sino-Italy Apparel, Weiqiao Pioneering, Mengdi, Detex Garments, Orient New Horizon, Dahua and Huasheng attracted several international buyers with their …
China wants more Canada flights after COVID-19 turbulence
At the peak of the summer 2019 travel period, Transport Canada said Chinese airlines operated 76 flights to Canada per week from various cities, while Air Canada operated 35 flights per week to …
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