A China-Kyrgyzstan-Uzbekistan freight train departs Lanzhou, Gansu province, on June 5, 2020. [Photo provided to chinadaily.com.cn] LANZHOU – Northwest China’s Gansu province saw robust growth in its …
Monthly Archives For January 2024
Chinese people are debating a superstition that says 2024 is the ‘Year of the Widow.’ Beijing is starting to pay attention.
China is debating whether people should listen to a superstition that says 2024 is a bad year to marry, as its population woes become more prominent.
China’s Defence Ministry Spokesperson Says India Border Issue ‘Left Over From History’
BEIJING (Reuters) – A Chinese defence ministry spokesperson said on Thursday that India-China border tensions were “an issue left over from history and not the whole of China-India relations”.
EXPLAINER: What the Tuvalu election means for China-Pacific relations
On Friday, the tiny Pacific island nation of Tuvalu heads to the polls in an election that’s being watched from Beijing to Canberra …
Beijing is making moves to restore confidence in its battered stock markets, but there might be another big problem just ahead
Ugly corporate results could undermine Beijing’s efforts to prop up investor confidence in China’s stock markets, which have bled over $6 trillion in market value from 2021. Yesterday, China’s central …
China may have imported nearly 500 lithography machines from the Netherlands in five years
As the US and its allies are imposing export restrictions on semiconductor equipment, China increased its chipmaking tool imports over the past year and doubled its imports of lithography equipment …
China Vows to Improve Business Conditions, Japan Top Lobby Says
China pledged to improve the operating environment for foreign firms, the head of Japan’s biggest business lobby said after a meeting with Premier Li Qiang, a sign of Beijing’s latest effort to lift …
China property stocks jump as Beijing takes steps to boost liquidity in the beleaguered sector
The move will ease a lingering cash crunch for Chinese developers that have been at the receiving end of Beijing’s crackdown aimed at addressing the sector’s bloated debt levels. The CSI property …
Beijing’s Daxing district creates new economic path for residents
In recent years, Daxing district in Beijing has taken steps to improve rural residents’ income and strengthened the rural collective economy. While helping residents increase their income, Daxing has …
Beijing’s digital economy soars
The digital economy has become a new driver for high-quality development in Beijing, with its added value growing 8.5% year on year to reach 1.88 trillion yuan (US$262 billion) in 2023. This accounted …
China youth unemployment will stay elevated in 2024, but EIU warns economic impact will linger
EIU explained the sheer number of new graduates, far outstrips jobs — the majority of which are still focused in the lower-skilled sectors. Official data showed unemployment rate among those aged 16 to 24 in…
China is ramping up stimulus to boost market confidence — but is it enough?
Starting Feb. 5, the People’s Bank of China will allow banks to hold smaller cash reserves, central bank governor Pan Gongsheng said at a press conference, his first in the role. “The latest [PBOC] …
China expands access to loans for property developers, acting to end its prolonged debt crisis
The industry as a whole accounts for about a quarter of business activity in China. “For developer financing to fundamentally and sustainably improve, property sales need to stop falling and start to …
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