Three of China’s major state banks said on Thursday they will start to lower interest rates on existing mortgages for first-home loans. The move is one of several support measures flagged by Beijing in recent…
Monthly Archives For September 2023
Australian PM to visit China this year after ‘progress’ on ties
Australia and China have made progress in returning to “unimpeded trade” but more progress is needed, Australian Prime Minister Anthony Albanese said on Thursday as he met Chinese Premier Li Qiang at a regional summit…
South China soaks as rains from Haikui continue to pound region
The remnants of Typhoon Haikui drenched China for a third day since making landfall, as moisture-laden clouds dumped rain onto the country’s south despite weakening cyclonic winds. While forecasters continue to warn of downpours in…
Apple shares fall after China reportedly bans iPhone use by government officials
The move suggests that China, which is one of Apple’s biggest markets, is unwilling to spare any US company in fight to boost homegrown technology
Wall, what wall? Two detained after leveling part of China’s Great Wall
It may have seemed like a good idea at the time.In an apparent attempt to create a shortcut, two people allegedly used heavy machinery to remove a sizeable section of the Great Wall of China…
Tencent releases AI model for businesses as competition in China heats up
Dowson Tong, CEO of the cloud and smart industries group at Tencent, spoke with CNBC’s Emily Tan in an exclusive interview ahead of a big AI reveal.
Oil prices inch up with U.S. inventory draw, China imports in focus
Investing.com– Oil prices rose slightly in early Asian trade on Thursday, sticking to 10-month peaks as signs of another draw in U.S. inventories added to expectations that global crude supplies will …
International mangrove center to be set up in Shenzhen
The Standing Committee of Ramsar Convention on Wetlands approved the establishment of the International Mangrove Center in Shenzhen, Guangdong province, on Wednesday. The center will be conducive to …
China sending delegation to North Korea to celebrate its founding as nations foster their ties
North Korea says a Chinese delegation led by Vice-Premier Liu Guozhong will visit the country to help celebrate the North’s 75th founding anniversary, which is on Saturday.
Tesla Roars Back in China — But BYD is Roaring Louder
The China Passenger Car Association (CPCA) reported a dramatic bounce-back in Tesla’s (NASDSAQ:TSLA) car sales in China. For the month
US FCC chair says China’s Quectel, Fibocom may pose national security risks
Federal Communications Commission Chairwoman Jessica Rosenworcel asked U.S. government agencies to consider declaring that Chinese companies including Quectel and Fibocom Wireless pose unacceptable …
Chair of bipartisan panel on China calls for blocking tech exports to Huawei, SMIC
The U.S. Commerce Department should end all technology exports to Huawei and China’s top semiconductor firm following the discovery of new chips in Huawei phones that may violate trade restrictions, the chair of the House…
Commerce Sec. Raimondo: U.S. businesses are saying the risk of doing business with China is too high
Mad Money’ host Jim Cramer sits down to talk China with U.S. Commerce Secretary Gina Raimondo.
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