Chinese banks are estimated to have issued 1.40 trillion yuan ($195.55 billion) in net new yuan loans last month, up from 1.09 trillion yuan in November though roughly in line with year-ago levels, …
Monthly Archives For January 2024
China’s Dec new yuan loans seen higher, hitting record in 2023
New bank loans in China likely rose in December, bringing 2023 lending to a new record high, a Reuters poll showed, as the central bank keeps policy accommodative to support a shaky economic recovery.
Taiwan Dec exports beat forecasts as demand from US surges, slips from China
Taiwan’s exports rose more than expected in December on stronger demand for high-tech products from the United States, but the recovery is expected to slow as the traditional peak year-end shopping …
Too big to ignore: China made up 15% of revenue for the world’s top 200 multinational companies in 2022, Bain’s data shows
China remains an important market for multinational corporations (MNCs) this year as executives eye opportunities from a rebound in consumption, even if their prospects have been bedevilled by …
Lazada layoffs put spotlight on potential IPO, growing competition in South-east Asia
Potential investors would want to put money in a company where the cash burn is under control. Read more at straitstimes.com.
China’s home-grown C919 alights in Shanghai on first regular route from Beijing
The C919, China’s domestically produced flagship jet, has begun flying routes between Shanghai and Beijing – a symbolic move showing clear intent to widen the plane’s operational footprint.
MasterOfCrafts | Traditional Beijing Painting Pigment Making Inheritor in Beijing
A graduate from the College of Fine Arts & Design of the Hebei Normal University, Yang set out three decades ago to study the folk history of Beijing, and to draw paintings on the historical…
Seoul in talks with Beijing on remark opposing Korea-US-Japan joint statement: official
Korea reaffirmed its position to China via diplomatic channels after Beijing reacted against a joint statement by Korea, the United States and Japan on the South China Sea, a foreign ministry official …
Taiwan’s defense ministry issues an air raid alert saying China has launched a satellite
Taiwan’s defense ministry has issued an alert saying China has launched a satellite and urging caution. The alert Tuesday comes days before Taiwan has presidential and parliamentary elections on Saturday,
Maldives president courts investors in China as Indian ties sag
At an “Invest Maldives” forum in a southern Chinese port city, Maldivian President Mohamed Muizzu shook hands and exchanged words with smiling local officials on a China visit set to deepen bilateral ties as the…
China’s retail sales to weaken this year as falling home prices, jobs outlook feed consumer insecurity: UBS
China’s retail sales are expected to climb 5.5 per cent in 2024, one percentage point lower than the estimated 6.5 per cent in 2023, as consumers rein in their spending, according to the Swiss bank.
China’s exports grow for first time in 7 months in relief for factories
China’s exports grew for the first time in seven months in November, suggesting factories in the world’s second-largest economy are attracting buyers through discount pricing to get over a prolonged …
Weak economy, Covid-19 rampage likely shrank China’s population again in 2023
China’s population likely dropped for a second consecutive year in 2023 due to a surge in Covid-19-related deaths after the country abruptly ended strict lockdowns, while weak confidence in the …
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