China’s strategy is stretching to monetary perks, doling out substantial signing bonuses ranging from 3 to 5 million yuan ($420,000 to $700,000), home-purchase subsidies, and more. Those incentives, …
Monthly Archives For August 2023
Foreign investors flee China’s stock markets at record pace in US$900 billion wipeout with near term return unlikely
Global asset managers have dumped Chinese onshore stocks at an unprecedented pace this month that triggered a US$900 billion destruction of market value after a gloomy growth outlook, feeble stimulus, …
China’s Meituan swings to profit on food delivery rebound, flags headwinds
Chinese food delivery giant Meituan on Thursday posted a bigger-than-expected 33.4% rise in second-quarter revenue, defying a slowing Chinese economy, though executives warned of headwinds for its …
How China’s Economy Collapsing Would Impact the U.S.
After decades of incredible growth, China was widely considered poised to overtake the U.S. as the biggest economy in the world, with its GDP surpassing that of America in the coming 10 to 25 years.
China not due for major COVID outbreak, but caution advised: experts
BEIJING, Aug. 24 (Xinhua) — With the prevalence of coronavirus variant EG.5 rising globally and becoming predominant in China, experts have said the country will not see a large-scale COVID-19 …
Beijing Now Plans To Boost Private Investment
Beijing’s latest effort inadvertently points up the failures of Marxist command, control, and centralized planning. It will fail.
Biden administration approves $500M arms sale to Taiwan as tension with China continues to grow
A $500 million arms sale to Taiwan was approved by the Biden Administration on Aug. 23, 2022. The move is likely to draw fierce criticism from Beijing.
Shenzhen handles 10-bln-yuan in exports via China-Europe freight trains
SHENZHEN, Aug. 24 (Xinhua) — South China’s economic hub Shenzhen has handled 516 China-Europe freight train trips since the service was launched in August 2020, carrying 361,100 tonnes of export …
China capitalises on US sanctions in fight to dethrone dollar
China’s desire to promote its own currency has been stymied by the fact that it is not fully convertible. Nevertheless, in March the renminbi surpassed the dollar and became the most-used currency in China’s own…
Insight: China quietly recruits overseas chip talent as US tightens curbs
For a decade until 2018, China sought to recruit elite foreign-trained scientists under a lavishly funded program that Washington viewed as a threat to U.S. interests and technological supremacy.
China’s Yutu 2 rover reveals deep layers below far side of the moon
NASA’s Lunar Reconnaissance Orbiter has regularly spotted Yutu 2 and its tracks on the far side, while amateur spacecraft-tracking radio enthusiasts also frequently detect activity from Queqiao, a relay satellite orbiting beyond the moon to…
China’s ban on Japanese seafood has more political than economic heft
China may be Japan’s top seafood export market but marine products make up less than 1% of Tokyo’s global trade, which is dominated by cars, so that Beijing’s seafood ban on its neighbour is more…
Nvidia warns more chip curbs will end U.S. chipmakers’ ability to compete in China
Reports this year said the U.S. was considering new export restrictions to China of artificial intelligence-related chips, the likes of which Nvidia designs.
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