That the expo has attracted more and more exhibitors from around the world indicates that the business community has confidence in the upgrading potential of China ‘ s consumer market and its continued commitment to…
Monthly Archives For November 2023
China’s Oil Imports Jump By 13.5% In October
Stronger fuel demand due to a week-long holiday and a fresh batch of oil import quotas boosted China’s crude oil imports by 13.5% year-over-year in October, customs data showed on Tuesday. China imported 11.53 million…
Legoland theme park to boost tourism in China
Legoland Shanghai Resort, the international IP-based theme park operated by British entertainment group Merlin Entertainments Ltd, will be operational in Shanghai within the next two years, after the main construction for the resort commenced in…
U.S. oil benchmark slips below $80 a barrel after mixed China data
Oil futures slumped early Tuesday to their lowest intraday levels since early August, with the U.S. benchmark trading below the $80-a-barrel threshold, after mixed China data highlighted demand concerns. West Texas Intermediate crude for December…
Overseas finance has won Beijing allies across the developing world, while drawing criticism from the West.
Chinese financial institutions lent $1.34 trillion to developing countries from 2000 to 2021, U.S. researchers at AidData said in a report that showed the world’s biggest bilateral lender switching from infrastructure to rescue lending.
Beijing Expresses ‘Dissatisfaction’ Over Chinese Casualties In Myanmar Clashes
China expressed “strong dissatisfaction” on Tuesday after what it said were casualties suffered by “Chinese personnel” linked to fighting in Myanmar’s north between junta forces and ethnic armed groups.
China’s Banks and Property Sector Threaten a Growing Economy
The International Monetary Fund warned of risks from overstretched lenders and developers even as it raised economic growth forecasts for this year and next.
China: DouYu founder, investment guru ‘detained’
Two prominent businessmen in China – a tech founder and an investment guru – have been detained by authorities according to reports. The boss of Chinese live-streaming site DouYu has been missing for …
IMF upgrades China’s 2023, 2024 economic growth forecasts
BEIJING – The International Monetary Fund on Tuesday upgraded its 2023 gross domestic product growth forecast for China to 5.4 percent from 5 percent, citing a “strong” post-COVID-19 recovery, but said the fund still expected…
CORRECTED-UPDATE 1-China’s Shenzhen state shareholders show liquidity support for Vanke
The largest shareholder of China’s No.2 property developer by sales value Vanke , state-owned Shenzhen Metro, said on Monday it has prepared more than 10 billion yuan ($1.38 billion) worth of “market …
Beijing confirms Chinese casualties in Myanmar clashes
Beijing on Tuesday confirmed there had been Chinese casualties after ethnic armed groups fighting Myanmar’s junta seized outposts in the country’s north along the border with China. China’s foreign ministry spokesperson Wang Wenbin did not…
30,000 rural households in Beijing convert to electric heating
As part of Beijing’s ongoing efforts to achieve coal-free heat supply, the city has helped nearly 30,000 rural households of 88 villages in five districts to switch from coal to electricity as the heating source,
China’s President Xi met Cuban Prime Minister in Beijing on Monday
China’s President Xi Jinping met with Cuban Prime Minister Manuel Marrero at Beijing’s Great Hall of the People on Monday, according to Chinese state media. Marrero comes to China as Cuba’s economy, which is heavily…
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