In 2023, China’s cross-border e-commerce imports and exports reached 2.38 trillion yuan, an increase of 15.6 percent from a year ago. China’s trade prospects for this year will also be enhanced, …
Monthly Archives For January 2024
China weighs stock market rescue package backed by $278 bln – Bloomberg News
Chinese authorities are considering a package of measures to stabilise a slumping stock market, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Hong Kong leader says Shenzhen Bay crossing to open around the clock over Lunar New Year holiday, Lo Wu will extend operating hours
Chief Executive John Lee praises ‘very smooth’ negotiations with mainland Chinese authorities, announces extension of operating hours for holiday period.
World’s Largest Bank To Pay $32,400,000 for Violating Bank Secrecy Act, Backdating Documents and Exposing Confidential Information
The Federal Reserve and New York Department of Financial Services (DFS) just announced a multi million-dollar settlement with a Beijing-based banking giant.
Beijing rents fall as economic outlook falters
Sluggish demand for office space and falling rents in Beijing are being driven by sinking expectations of economic growth and conservative plans for business expansion. At the end of 2023, more than …
Race to find dozens trapped in southwest China landslide
Rescuers raced Tuesday to find dozens of people still trapped after a landslide struck a remote and mountainous part of southwestern China, killing 11.Rainstorms last September in the southern region of Guangxi triggered a mountain…
China races to buy chip-making equipment as US cracks down on exports
China rushed to buy up chip-making equipment ahead of the export controls imposed by the U.S, Japan, and the Netherlands in recent months, as Washington and its allies crack down on exports of the …
Enforcement of China Forced-Labor Import Ban Needs to Be Much Tougher, Say U.S. Lawmakers
The leaders of a bipartisan committee said the Biden administration should consider using criminal prosecutions and closing a trade loophole.
US and China climate envoys unlocked milestones, yet retire with unfinished business
Substantive issues, from coal and renewable energy use to methane emissions reduction, have yet to be resolved. Read more at straitstimes.com.
China shames struggling transport bureau over fake traffic ticket scam
Some of the alleged traffic incidents were so minor as not to warrant any punishment, the council said. 04:49 Anger mounts as China’s property debt crisis leaves flats unfinished Anger mounts as China …
‘It’s really bad’: China strategist warns of deflation and rock-bottom consumer confidence
The world’s second-largest economy has faced a slower-than-expected recovery in 2023 after exiting Covid-19 restrictions.
China’s Premier Orders More Measures to Arrest Stock Rout
China’s Premier Li Qiang asked authorities to take more “forceful” measures to stabilize his country’s slumping stock market and investor confidence, after the mainland’s benchmark CSI 300 Index hit a …
China home sales set to disappoint in January, could fall by up to 15 per cent in 2024, CGS-CIMB Securities says
Home sales in 30 major cities have dropped by 38 per cent in the first three weeks of this month, financial brokerage says British bank Barclays says contraction in property sales could be wider after…
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