Equipped with a mahjong lounge and hotpot restaurant, the luxury Adora Magic City is aimed squarely at China’s travel-hungry middle class.
Monthly Archives For January 2024
Xi Jinping rings in 2024 with rare admission that China’s economy is in trouble
China’s businesses are struggling and job seekers have trouble finding work, President Xi Jinping acknowledged during his Sunday New Year’s Eve speech.
China’s manufacturing contraction worsens in December as demand weakens
A survey of factory managers in China shows manufacturing contracted in December in the latest sign the world’s second-largest economy remains sluggish.
China’s manufacturing activity slows in December in latest sign the economy is still struggling
A survey of factory managers in China shows manufacturing contracted in December in the latest sign the world’s No. 2 economy is still sluggish.
China’s telecom sector sees steady expansion in first 11 months 2023
China’s telecommunication industry logged steady growth in the first 11 months of 2023, driven by emerging businesses, official data showed. This was reported …
Taiwan president says ties with China must be decided by will of the people
Taiwan’s relations with China must be decided by the will of the people and peace must be based on “dignity”, President Tsai Ing-wen said on Monday after China’s leader Xi Jinping said “reunification” with the…
US Overtakes China as South Korea’s Top Export Market
South Korean exports to the US exceeded shipments to China for the first time in two decades last month, in a sign of shifting ties amid global tensions over economic security and tech supply …
China’s new home prices up in Dec for 4th straight month – survey
China’s new home prices rose for the fourth straight month in December, a private survey showed on Monday, buoyed by a slew of government support measures. Prices rose 0.1% on average in December from the…
China talks markets out of a run on the yuan
SINGAPORE: In recent months, China has sought to stabilise the yuan by orchestrating buying by state banks and giving market guidance to bankers.
U.S. overtakes China as top destination for Korea’s exports in Dec.
Korea’s exports to the US surpassed those to China in 2023. Total exports fell 7.4 percent due to chip performance and global economic uncertainties, while solid automobile exports and semiconductor …
China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending
Last week, the Bank of China’s Dongguan Branch unveiled the country’s first automated digital yuan wallet-opening machine for overseas passport holders. The PBoC also seems to be readying a move that …
Immune to ‘friendshoring’? U.S. food and drink chains continue to pour cash into China.
Neither a burger nor a caffè latte can create the same friction that high-tech industries have in the complicated U.S.-China relationship.
Asian American Officials Cite Unfair Scrutiny and Lost Jobs in China Spy Tensions
National security employees with ties to Asia say U.S. counterintelligence officers wrongly regard them as potential spies and ban them from jobs.