Beijing is considering intervening to try to stabilize the crashing market, according to a Bloomberg report citing people familiar with the matter.
Monthly Archives For January 2024
China’s stock market is in a 3-year slump and Beijing’s flip-flops are adding to the confusion
“There has been increasing confusion over Beijing’s policy stance on the economy,” wrote Nomura economists in a Monday note seen by Business Insider.
China undergoes rare scrutiny of rights record at UN meeting
China underwent scrutiny of its human rights record at a key U.N. meeting on Tuesday, with Western countries calling for more protections for Xinjiang Uyghurs and greater freedom in Hong Kong while …
China landslide death toll hits 20 with some 24 missing
The pre-dawn landslide buried 18 homes and sparked the evacuation of more than 200 people when it struck a remote and mountainous part of southwestern China, authorities said.
China’s Stock-Market Rout Has Become a Political Problem
The country’s cabinet urges action as China’s benchmark index enters its fourth year of declines.
Powerful 7.1 earthquake strikes near China’s border with Kyrgyzstan
A magnitude-7.1 earthquake rocked a mountainous and remote part of China’s far western Xinjiang region early Tuesday, with multiple injuries reported by state media and heavy tremors felt in Central …
China 5G base station count approaches 3.4M
Data from China’s Ministry of Industry and Information Technology (MIIT) showed the country’s operators deployed 3.37 million 5G base stations at end-2023, with the three major mobile players adding …
China’s desperate measures to save Hang Seng, Shanghai index near
The Hang Seng and Shanghai Composite bounced back on Tuesday as the recent sell-off eased. In Hong Kong, the Hang Seng index surged by almost 3% while in Mainland China, the Shanghai Composite and …
Iran’s exports to China rise 30% in December 2023
Based on the released data, China’s export to Iran increased 8.6 percent to $10.07 billion in 2023 from $9.27 billion in 2022. The country’s import from Iran fell 27 percent to $4.58 billion in 2023…
BYD outpaces VW as China’s best selling brand in 2023
BEIJING: BYD Co officially overtook Volkswagen AG as China’s best selling car brand in 2023, clear evidence its all-in bet on electric vehicles in the world’s biggest automobile market is paying …
Hang Seng jumps off lows on report of Beijing’s $278 billion support package
Hong Kong’s Hang Seng index rose sharply off 14-month lows on Tuesday, leading Chinese bourses higher, following a report Beijing was considering a $278 billion package to support the country’s stock …
Foreign auto brands boost exports as China sales remain weak
China is estimated to have overtaken Japan as the world’s largest auto exporter in 2023, thanks largely to the strength of nimble local companies such as Chery, SAIC , Geely and BYD. But 18 foreign…
BYD crowned China’s No 1 selling car brand for 2023
Find out more about subscription packages here. BYD officially overtook Volkswagen as China’s best-selling car brand in 2023, clear evidence its all-in bet on electric vehicles in the world’s biggest …
