China has admitted its electric-car drive has gone too far. The country’s vice minister of industry and information technology on Friday pledged to reduce EV makers’ overcapacity, saying that the …
Monthly Archives For January 2024
At least 47 missing as landslide hits China’s Yunnan province amid bitter cold wave
At least 47 people are unaccounted for in China ’s Yunnan province after it was hit by a landslide on Monday morning. Hundreds of others were forced to evacuated as the disaster struck just before…
Why China Is Considering Rarely Used Special Bonds to Stimulate Its Economy
China’s slowing economy is in dire need of more fiscal stimulus. The local governments that used to provide such support are now struggling with a debt hangover and falling income due to the property …
Shenzhen launches China’s first blood delivery platform powered by drones
Testing is carried out by China’s first blood delivery platform for drones at the Shenzhen Blood Center in Shenzhen, Guangdong province, on Friday. [Photo/China News Service] Shenzhen, China’s tech …
China keeps benchmark lending rates steady amid pressure on yuan
China kept benchmark lending rates unchanged at their monthly fixing on Monday, matching expectations with Beijing seen as having limited scope for monetary easing amid downward pressure on the …
China leaves lending benchmark LPRs unchanged as expected
SHANGHAI/SINGAPORE, Jan 22 (Reuters) – China kept benchmark lending rates unchanged at the monthly fixing on Monday, matching market expectations, after the central bank surprised markets by keeping …
China Benchmark Lending Rates Held Steady
China’s benchmark lending rates were kept steady after the central bank held its key policy rates unchanged earlier this month, according to data released by the People’s Bank of China. The one-year …
First he was a teacher. Then he was China’s top tech titan. Now, meet Jack Ma 3.0 — a high-tech farmer.
Alibaba cofounder Jack Ma has stayed out of the limelight since angering Beijing. In the meantime, he’s been busy in his retirement from the tech giant.
Top 10 regions with most ‘lighthouse factories’ in China
East China’s Jiangsu province took the lead in housing the country’s most “lighthouse factories” – manufacturers that show leadership in using Fourth Industrial Revolution technologies, according to a …
Deep Dive: Shenzhen’s megastores attracting shoppers eager for bargains – can Hong Kong retailers compete?
With the opening of bulk retailer Costco earlier this month, Hongkongers are flocking across the border, where their money can stretch further.
China’s vulnerable middle class must work harder to maintain status quo, Beijing seeks urgent fix for indispensable cohort
China’s crucial middle class, an oft-cited group of 400 million, may shrink in the absence of a strong economic recovery.
China stocks: To dodge or dive into?
China Mobile and China Unicom – had a year-on-year revenue growth of 20.1 per cent in 2023. These statistics are not surprising, considering the consistent profitability of Chinese telecoms giants …
Morning Bid: China rate decision set to disappoint
An interest rate decision in China kicks off the week in Asia on Monday with investors hoping – forlornly, perhaps – that the central bank will provide some much-needed relief for the country’s …
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