Moody’s said Tuesday it expects China’s annual economic growth rate to slow to 4% in 2024 and 2025, and average 3.8% a year from 2026 to 2030. Structural factors, including weaker demographics, could drive a…
Monthly Archives For December 2023
Top EU officials meet with Xi in China summit with trade in focus
Top EU officials met Chinese President Xi Jinping in Beijing on Thursday for their first in-person summit in four years to discuss issues ranging from trade imbalances to Ukraine, with an agenda full of tough…
Why China’s yuan may stay weak in 2024, regardless of any US Fed interest rate cuts
Chinese economist flags two key risks that could pressure the yuan: weaker-than-expected fiscal expansion and a further contraction in the property market The yuan has lost roughly 6 per cent against …
China’s Xi says economic recovery ‘still at critical stage’
BEIJING: President Xi Jinping said that China’s economic recovery is “still at a critical stage”, state broadcaster CCTV reported on Friday (Dec 8), as sluggish domestic activity and property sector …
Shenzhen’s Qianhai zone offers subsidies to Hong Kong and Macau medical institutions
Shenzhen authorities have launched new measures to support Hong Kong and Macau medical institutions in its Qianhai cooperation zone, providing subsidies …
Boom or bust: What the year ahead may hold for bitcoin and crypto
One of the main uncertainties has to do with regulation. For instance, global bitcoin prices sputtered when China banned all crypto transactions back in 2021, and the price of bitcoin has lowered when …
Twisting four-tower Tencent HQ forms a vortex in Shenzhen
Taking the form of four connected twisting towers, the ambitious development will serve as the new global headquarters of tech giant Tencent in Shenzhen, China. Tencent Helix is part of a burgeoning …
Photos Show Mock ‘J-35’ Fighter Jet on China’s Fujian Carrier
A suspected mock-up of China’s next-generation stealth jet was photographed on the Chinese navy’s new aircraft carrier this week.
BAIC Group, China Mobile Beijing branch team up on cloud & digital services
Beijing (Gasgoo)- BAIC Group and China Mobile Group Beijing Co., Ltd. (Beijing Mobile) signed a strategic cooperation agreement on December 7 in areas such as cloud-based new infrastructure services …
China’s Nov New Yuan Loans Seen Rising on Policy Support: Reuters Poll
BEIJING (Reuters) – China’s new loans are expected to have jumped in November from the previous month and exceeded the year-earlier amount, a Reuters poll showed, as the central bank works to shore up …
China to spur domestic demand, economic recovery in 2024 – state media
China will spur domestic demand and consolidate and enhance the economic recovery in 2024, the Politburo, a top decision-making body of the ruling Communist Party, was quoted by state media as saying …
5 best shopping destinations in Nanshan, Shenzhen, for luxury and local brands, dining, games, even a history lesson
Whether you are after a Chanel bag or your very own name stamp, the shopping hotspots of Shenzhen’s Nanshan district have you covered.
China vows to ‘moderately’ strengthen fiscal policy to bolster economic recovery
China’s Politburo said Friday that it would continue to implement “proactive” fiscal policies and “prudent” monetary policies next year.
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