China’s air pollution worsened in 2023, the first time it has done so in a decade, a study released on Friday said. “2023 is the first year that China’s national average PM2.5 level has increased…
Monthly Archives For December 2023
Beijing risks fiddling while China’s economy sinks further into deflation
China is in danger of making the same mistake as Japan in treating the symptoms of the economy’s descent into deflation, rather than the causes The extreme focus on the US Federal Reserve is …
China’s Sportswear Giants Take a $25 Billion Tumble
A nationalist buying frenzy has faded, hurting shares of Li Ning and Anta.
China’s air quality worsened this year for the first time in a decade
For the first time since China began its “war on pollution” a decade ago, the concentration of dangerous PM 2.5 particles in the air has increased.
China drafts new rules proposing restrictions on online gaming
China has released draft guidelines aimed at curbing excessive spending on online gaming. The proposal caused shares in the biggest Chinese gaming companies, Tencent and NetEase, to plunge in Hong …
Yemen’s Houthis Doing China ‘A Big Favor’ by Fighting US—Professor
The Houthi movement has declared war on a U.S.-led coalition seeking to protect shipping lanes in the Red Sea.
China issues rules to curb gaming spend; Tencent, NetEase plunge
Chinese regulators announced on Friday a wide range of rules aimed at curbing spending and rewards that encourage video games, dealing a blow to the world’s biggest games market, which returned to …
China’s Financial Stress Is Mounting. Beijing Faces a Painful Decision.
Ratings firm Moody’s put China’s debt on a negative outlook. Property developer defaults are just a piece of the problem.
Tencent loses $50 billion as China issues new draft rules targeting in-game spending
Shares of several Chinese tech giants tanked in Hong Kong, after Beijing unveiled a new set of regulations to restrict online spending in the gaming industry as part of its wider crackdown.
China’s Big Banks Cut Deposit Rates as Growth Plateaus
China’s biggest banks are lowering the deposit rates offered to savers, a move that could pave the way for the central bank to make interest-rate cuts to spur economic growth.
China stocks rise after five banks cut interest rates; HK down on gaming rules
Five of China’s largest state banks, including Agricultural Bank of China and China Construction Bank, cut interest rates on some deposits from Friday, providing room to reduce lending costs as the …
After bumpy recovery, China’s economy faces serious headwinds in 2024
The world’s second-largest economy is heading into 2024 on a precarious footing amid deep-seated structural issues.
China mega banks cut deposit rates, signaling more policy easing
The move will pave the way for the People’s Bank of China to guide loan prime rates (LPR) lower to support the economy. Read more at straitstimes.com.
