China’s State Council also puts the onus on local governments to bolster support for those most in need, including the poor and elderly, while also vowing to keep them warm this winter.
Monthly Archives For October 2023
China is boosting efforts spread the yuan as it sells a record $7.5 billion in offshore bonds this year
Beijing is looking to spread the influence of China’s currency by selling a record amount of yuan-denominated bonds overseas this year.
China loses team eventing place at Paris Olympics because horse found with a ‘controlled medication’
China has lost its place in team eventing at next year’s Paris Olympics because the horse of a three-time Olympian was found to have a “controlled medication” in its system.
China’s Financial Regulators Unveil Typical Cases to Bolster Consumer Rights Protection
China’s New Steps to Safeguard Financial Consumer Rights In an effort to enhance the protection of financial consumer rights, China’s National Financial Supervision and Administration Commission, in …
Rare Metal Discovery Gives China a Boost
The discovery of the ore, called niobobaotite, could further China’s lead, as the rare ore is composed of niobium, barium, titanium, iron and chloride, according to a report by Live Science.
Shenzhen Digital RMB Industrial Park launches operations
SHENZHEN, Oct. 11 (Xinhua) — The Shenzhen Digital RMB Industrial Park officially launched operations on Wednesday, according to a press briefing held in the southern Chinese metropolis of Shenzhen.
Huawei bolsters its push for 5.5G networks with operators from the mainland, Hong Kong and the Middle East
China Telecom and China Unicom, along with Middle Eastern players including du from the United Arab Emirates and Saudi Telecommunication Company from Saudi Arabia. Speaking at Huawei’s Global Mobile …
Consumption Policies Lift Growth Stocks, LVMH’s China Revenue Up +11%
Easing auto loan policies with an emphasis on electric vehicles (EVs) sent autos higher in Hong Kong. BYD gained +1.94%, Li Auto gained +3.46%, XPeng gained +2.72%, and NIO gained +5.59%. Consumer …
A Bigger World Bank Takes on China’s Clout
Treasury Secretary Janet Yellen has been circling the world seeking to breathe new life into a 79-year-old pillar of the U.S.-led international order: the World Bank. Those efforts stem from a genuine …
Rule curbing AI chip exports to China under final review
A U.S. rule that restricts shipments of certain advanced chips to China has been revised and is under final review, according to a government posting, suggesting that further curbs on chips that can …
China’s State Media Accused of Spreading Anti-Israel Disinformation
Anti-Israel and antisemitic rhetoric has become prevalent on China’s insular social media in recent years, in part because of Israel’s close association with the U.S. and the West. U.S. officials have complained that China has…
China property creditors face worsening restructuring terms as sector recovery hopes sour
By Clare Jim, Xie Yu and Davide Barbuscia HONG KONG/NEW YORK (Reuters) – As more Chinese property developers move towards restructuring billions of dollars of debt, their offshore creditors are expected to face another setback…
China saves billions of dollars from record sanctioned oil imports
China has saved roughly $4.2 billion by importing a record 1 million bpd during the same period from Iran, 60% above pre-sanction peaks recorded by Chinese customs in 2017 at 623,000 bpd, as Tehran …
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