China property stocks rallied and Ping An Insurance Group shares slumped to a one-year low on Wednesday after Reuters reported Chinese authorities had asked the firm to take a controlling stake in …
Monthly Archives For November 2023
‘I was greedy’: compulsive gambler in China spends US$34,000 in 3 months on lottery scratch cards, won once total of US$137
A young woman in China has told how she racked up debts of US$34,000 in just three months buying mainland lottery scratch cards and only ever won once, a solitary US$137.
H&M unveils China design hub at CIIE to improve localisation as foreign brands face pressure to meet consumer demands
Swedish fast fashion giant H&M unveiled a China design hub this week amid efforts to improve the localisation of its products, as foreign firms struggle to cater to the changing demands of Chinese …
China’s economy still in medium-speed growth stage – c.bank advisor
BEIJING – China’s economy is still in a stage of medium-speed growth of about 5%, and there may be the potential for it to continue to grow at this rate for another five to 10…
Putin calls for closer Russia-China cooperation on military satellites and prospective weapons
Russian President Vladimir Putin has told a senior Chinese military official that Moscow and Beijing should expand their cooperation on military satellites and other prospective defense technologies
China’s Xi Jinping turbocharges state role in energy, rail–laying stable track but sparking market worries
Xi Jinping spoke in favour of the continued presence of the state in strategic economic sectors, bolstering national security goals but likely crowding out private entities.
IBM, China Mobile push for swift AI uptake
The heads of IBM and China Mobile touted the upside of AI but raised flags over the need for the responsible development of the technology and the impact on data and computing infrastructure.
China’s senior officials vow to have intensified regulations to prevent financial risks as FSF kicks off in Beijing
Chinese financial regulators on Wednesday vowed to put in place intensified regulations to prevent financial risks while deepening supply-side reforms and expanding opening-up in the sector, as the …
China Faces Fresh Conflict on Its Doorstep
China sent its Assistant Foreign Minister, Nong Rong, to Myanmar to call for calm, following clashes between armed groups and the military government led by Senior General Min Aung Hlaing, which seized power in a…
China’s central bank on hand to support debt-ridden local governments, governor Pan Gongsheng says
People’s Bank of China (PBOC) governor Pan Gongsheng told the Financial Street Forum 2023 in Beijing the debt level of the Chinese government is at the mid-to-lower level internationally.
Irish beef exports to China suspended after BSE case
Beef exports from the Republic of Ireland to China have been suspended after a case of atypical BSE, commonly known as mad cow disease, was detected in a cow.
China drives BRICS initiative for CBDC as SWIFT replacement
In a bold stride toward financial sovereignty, the BRICS bloc, fortified by China’s pioneering efforts, is advancing towards an innovative central bank …
China records lowest foreign investment on record, experts blame new laws for stifling much-needed growth
The U.S. has made a deliberate effort during the Trump and Biden administrations to diversify and decrease its reliance on China, resulting in Canada and Mexico exporting more to the U.S. than China as of…
