Concerts and music festivals are more popular than ever among China’s young people After months of cancellations and postponements due to the Covid-19 pandemic, major music events are now back, and …
Monthly Archives For August 2023
Russia Says America Started COVID-19 Pandemic and Plotting a Sequel
The origins of the global novel coronavirus pandemic remain unknown at this point, and a debate remains about whether it was the result of a lab leak or naturally occurred – although it is accepted…
Tesla cuts Model S and X prices by over 6% in China
People wearing face masks following the coronavirus disease (COVID-19) outbreak check a Tesla Model X sport utility vehicle at a new Tesla showroom in Shanghai, China May 8, 2020. REUTERS/ …
Tesla makes further price cuts in China, reducing models S and X by $7,400 to $8,500
In China, Tesla put the Model X on sale for 754,900 Chinese yuan ($103,444) down from 898,900 yuan. The Model S is being sold for 836,900 versus 808,900 yuan.
China’s JD.com beats revenue estimates on sales amid slowing economy
Chinese e-commerce firm JD.com , beat Wall Street estimates for second-quarter revenue on Wednesday, as its focus on lower-priced products to attract customers amid an economic slowdown paid off.
China’s banks have dialed back lending to the lowest level in almost 14 years as economic woes pile up
The People’s Bank of China said Friday that new loans reached 345.9 billion yuan in July, less than half of Bloomberg’s estimates.
European shares fall on mounting China worries, banks lag
European shares fell on Wednesday on a drag from banks, as increasing evidence of China’s economy rapidly losing steam kept investors on the edge, while UK stocks came under pressure from rising worries over sticky…
China’s dilemma in trying to manage debt crisis
A collapse in the financial and real estate sectors could plunge the country into recession.Mismanagement of a real estate debt crisis could cause a sustained period of stagnation like the one Japan experienced in the…
China likely to cut more US debt holdings
Jiang Xianling, executive president of the UIBE & CAITEC International Business Strategy Institute, said that China has been reducing its US debt holdings since the second half of last year as part of …
Chinese duties on U.S. imports ‘inconsistent’ with WTO obligations
A World Trade Organization (WTO) dispute settlement panel on Wednesday found that China had acted inconsistently with its WTO obligations by imposing additional duties on certain imports from the …
U.S. SEC Says Will Continue to Carefully Review China IPO Prosectuses
China’s securities regulator last month asked domestic law firms to refrain from including negative descriptions of China’s policies or its business and legal environment in initial public offering …
China’s economic woes mount as trust firm misses payments
Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China’s deepening property sector crisis is stifling what little momentum …
China remains important engine for world economic growth: FM spokesperson
BEIJING, Aug. 16 (Xinhua) — China’s economy continues to recover with rebound generally on a sound track, foreign ministry spokesperson Wang Wenbin said on Wednesday, noting that China remains an …
