China’s property sector risks are under control, central bank Governor Pan Gongsheng said, amid heightened concern over the financial health of another major developer in the troubled industry.
Monthly Archives For November 2023
Stabbing in Shenzhen kills one, injures three
One person was killed and three were hospitalized after a stabbing on Thursday in Longhua district, Shenzhen, Guangdong province. The incident happened around 6 pm near a square in Dalang street, one …
China’s Zeekr reveals wider loss in US IPO paperwork, Geely shares fall
China’s Zeekr Intelligent revealed wider losses for the first half of the year on Thursday, as the electric car brand made its paperwork public for a stock market listing in New York and said it…
Ransomware attack on China’s biggest bank disrupts Treasury market trades, reports say
A financial services business of China’s biggest bank says it was it by a ransomware attack that reportedly disrupted trading in the U.S. Treasury market. A statement on its website seen Friday said …
China scientists find clues that could crack mystery of long Covid
Scientists have discovered key biomarkers that could help identify high-risk groups and develop treatment. Read more at straitstimes.com.
China Unicom, Huawei Deploy 5G-Advanced Production Line For Great Wall Jingong Automation
China Unicom has partnered with Huawei to assist the Baoding Automation Technology Branch of Jingcheng Engineering Automotive Systems …
China’s largest chipmaker SMIC posts a 80% drop in third-quarter profit
China’s largest chipmaker SMIC on Friday posted a 80% profit drop as global demand weakness hit foundries hard.
China can raise 2024 budget deficit ratio to spur growth – central bank adviser
China can raise its budget deficit ratio next year to support the economic recovery because there is still space for the central government to issue more debt, Wang Yiming, a policy adviser to the …
China’s biggest lender ICBC hit by ransomware attack
U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year.
Zeekr losses grow as Beijing seeks greater influence, U.S. IPO prospectus says
The upstart owned by Geely aims to raise more than $1 billion, Reuters has reported, but is unlikely to breach the billion-dollar mark, according to a source.
Chinese business database Qichacha passes Beijing’s security test for resuming overseas operations
Chinese business database Qichacha said Friday it passed a data export security assessment that allows the company to resume overseas operations.
Meta Strikes Deal to Sell VR Headset in China – WSJ
(Reuters) – Meta Platforms has struck a preliminary deal to sell a new, lower-priced version of its virtual-reality (VR) headset in China, a return to the country 14 years after Facebook was shut out, the…
Singles Day lifts sales for local brands
Survey: Consumers focus on domestic products as quality, value increase Pan Lin, a 23-year-old postgraduate in Beijing and a fan of Chinese brands, scrolled through online marketplaces during this …
