Chinese Foreign Minister Wang Yi on Friday welcomed Brazil’s recent support for Beijing’s “One China policy” that states Taiwan is an inseparable part of China, in a sign of stronger bilateral ties with South America’s…
Monthly Archives For January 2024
China’s Economic Slump Deprives Xi of Key Weapon Against Taiwan
Taiwanese’s plummeting investment in China, at a 21-year-low, reflects the shifting geopolitical realities blunting one of Beijing’s favorite weapons.
UPDATE 1-China’s central bank raises number of LPR quotation banks to 20
China’s central bank on Friday said it would add two commercial banks to the pool of banks that contribute to the loan prime rate (LPR), a benchmark lending rate.The adjustments will be implemented …
In US-China rivalry, Beijing advisers urge ‘rational’ approach during election year, but will pragmatism win out?
Xi Jinping lays out plan to make China ‘financial superpower’, warns of risk A report by Tsinghua University published earlier this month also recommended that Beijing avoid reacting to election …
Belgian luxury handbags brand says ‘committed’ to huge China market
Belgian luxury handbags brand Delvaux said it is confident about demand in China, a key market that it entered 10 years ago, and is committed to the country, where consumers are increasingly buying …
Cross-border renminbi payments exceed 4 trillion yuan in Shenzhen
Cross-border renminbi payments surpassed 4 trillion yuan ($556 billion) last year for the first time in Shenzhen, Guangdong province, setting a record. The RMB, also known as the yuan, has also become …
GM taking its GMC brand into new global markets, starting with Yukon launch
GM said it will start selling its Yukon large SUV in China later this year and then re-enter Australia and New Zealand next year.
Ancient wall that once defended bustling city discovered in China, photos show
Archaeologists recently unearthed an ancient wall that once surrounded a bustling city in the heartlands of China. Large sections of the wall — made from compacted earth — were excavated from the ancient city of…
Middle East crisis live: Houthis promise safe passage for Russian and Chinese ships in Red Sea after launching fresh attack
Official from Yemen militant group says it will continue attacking Israel-linked vessels, while US carries out fifth strike on Houthis
US Fed fines Industrial and Commercial Bank of China for lapses in bank secrecy, sharing of data
The US Federal Reserve fined Industrial and Commercial Bank of China US$2.43 million for improper use of financial-supervision information. The New York Department of Financial Services, which also …
China’s U.S. Exports See Biggest Drop in 30 Years
The tariff-fueled trade war instituted under President Donald Trump and extended by President Joe Biden is an obvious cause of a palpable slide since 2017, when Chinese goods comprised more than 21 …
China collaborates with Huawei and other tech giants to pioneer metaverse development
In a significant move to shape the future of the metaverse industry, China’s Ministry of Industry and Information Technology (MIIT) has established a …
China, U.S. business leaders more upbeat about China-U.S. relations
Business leaders from Chinese and American corporations are more upbeat about China-US relations as bilateral ties have experienced stabilization an …
