China unveiled further mortgage easing policies to bolster its residential property market in an attempt to support economic growth.
Monthly Archives For August 2023
Nearly 2m excess deaths after China’s end of COVID curbs: study
China’s decision last December to end the three-year zero-COVID policy, which included mass-testing and stringent and persistent quarantine lockdowns, led to a massive surge in hospitalizations and …
Exclusive: China plans to cut stamp duty on stock trading by up to 50% to revive sentiment-sources
Chinese authorities are planning to cut the stamp duty on domestic stock trading by as much as 50%, three people with knowledge with the matter said, in a further attempt to revitalise the country’s …
Shares of China’s food delivery leader Meituan fall more than 5% on weaker Q3 outlook
Meituan shares fell 5% Friday after CEO Wang Xing warned of a food delivery slowdown in the third quarter during the firm’s latest earnings call on Thursday.
Foreign students relish life, opportunities in China
The 29-year-old is a postgraduate student at the University of International Business and Economics in Beijing, and has lived in China for 15 years. “China has huge potential for development, and China’s economy, in particular,…
China Construction Bank warns of pressure on profit margin
China Construction Bank, the country’s second largest by assets, has warned that its profit margin will stay under pressure this year as concerns mount about the health of the country’s $56tn banking …
China imports record amount of chipmaking equipment
Chinese imports of Dutch chipmaking equipment doubled in June and July from May as a result of the delivery of more lithography machines to Chinese clients from ASML, said industry insiders familiar …
China’s EV slowdown drags down Nvidia’s ‘next billion-dollar business’
Chipmaker Nvidia this week soundly beat analysts’ expectations for major revenue lines — except in automotive — as Chinese demand for electric cars moderates.
U.S., China set for talks as they bring trade closer to shores
U.S. Commerce Secretary Gina Raimondo visits China from Sunday to shore up ties between two global superpowers that are increasingly drifting apart economically and looking to ship and source goods …
Laos and China to increase trade cooperation
Lao businesses held talks with Chinese business operators in the Lao capital Vientiane, to discuss ways to strengthen their ties towards increasing trade and investment in Laos.
Brics adds 6 new members, Thaksin’s return to Thailand, Hongkongers spend in Shenzhen: SCMP’s 7 highlights of the week
From an exiled former prime minister returning to Thailand to Hongkongers choosing to cross the border to spend, here are a few highlights from SCMP’s recent reporting.
Top China talent show suspended after uproar over treatment of late pop star Coco Lee
One of China’s most popular talent shows has been suspended after claims of mistreatment allegedly made by the late pop star Coco Lee sparked outrage on Chinese social media.
India and China agree to ‘de-escalate’ border tensions
India and China have agreed to de-escalate tensions along their disputed border after a conversation between its leaders, a senior Indian official said. Prime Minister Narendra Modi and President Xi …
