New York City’s tourism industry is showing signs of recovery post-pandemic. However, a full recovery won’t happen until tourists from China return.
Monthly Archives For December 2023
Enduring pain: 90% of China’s equity funds suffer as market loses US$1 trillion of value
The dismal performance of China’s mutual fund sector reflects the underlying problems in the economy: shrinking manufacturing, slumps in consumer and producer prices, and a property-market crisis.
Beijing sees fall in permanent resident population for sixth straight year
Beijing’s permanent resident population has experienced a “six-year consecutive decline” since 2017, according to a blue book on the city’s population development released on Saturday.
Standard Chartered to offer China’s rich more foreign investment choices via its global network as home markets wilt
Standard Chartered is expanding its role as an international service provider in mainland China, tapping its wealthy clients’ rising appetite for assets around the globe.
China publishes rules for supervising, managing non-bank payment firms
China’s State Council, led by Premier Li Qiang, on Sunday published rules that come into force on May 1 for the supervision and management of non-banking payment institutions. The rules, among other …
China’s financial institutions see rising assets
BEIJING – Assets of financial institutions in China rose to 452.82 trillion yuan ($63.82 trillion) at the end of the third quarter, up 9.5 percent year-on-year, according to the central bank.
The billionaire founder behind China’s AI giant SenseTime has died of an unknown illness at 55
Tang Xiao’ou, the billionaire creator of China’s AI giant SenseTime, died Friday due to “health issues” the partially state-owned company announced.
China issues rules on supervision, administration of non-bank payment institutions
The rules have defined the supervisory and administrative duties and measures of the People’s Bank of China, the country’s central bank, as well as outlined its risk management methods, and asked …
Iran, China, Saudi Arabia Hold Tripartite Talks in Beijing
Ranking diplomats from Iran, China and Saudi Arabia held a trilateral meeting in Beijing to discuss a range of regional and international issues.
Britain’s National Grid drops China-based supplier over cyber security fears – FT
Britain’s National Grid has started removing components supplied by a unit of China-backed Nari Technology’s from the electricity transmission network over cyber security fears, the Financial Times reported on Sunday.
China Menaces Taiwan With Warplanes, Trade Barriers Ahead of January Elections
As Taiwan’s elections near, China has begun putting pressure on the country via a trade barrier probe and sending warplanes nearby. Taiwan has called on Beijing to stop its “political operations” in connection to key…
China’s privately offered funds hit 20.61t yuan
BEIJING – The value of China’s privately offered funds stood at 20.61 trillion yuan ($2.90 trillion) at the end of November, industrial data shows. The figure was up from 20.59 trillion yuan a month …
Roundup: Warming U.S.-China business ties hearten insiders, observers
Both Chinese President Xi Jinping and U.S. President Joe Biden sent congratulatory messages to the USCBC marking its 50th anniversary. The move is seen as a follow-up on the important consensus …
