Government land sales picked up for the first time in 2 years, while home prices rose at the fastest pace since mid-2021, Reuters reported.
Monthly Archives For February 2024
Beijing Pledges More Fiscal Support as Economy Stumbles
China promises more proactive government spending this year, as Beijing doubles down on boosting the economy amid a deepening property slump, while wary economists say bolder moves are needed to …
Xinhua Silk Road: Pien Tze Huang, Beijing Tong Ren Tang agree to boost bilateral cooperation, promote high-quality development of TCM
Zhangzhou Pien Tze Huang Pharmaceutical Co., Ltd. (Pien Tze Huang) signed a cooperation agreement with Beijing Tong Ren Tang (TRT) Group during the First Conference of Partners of Tong Ren Tang, which …
Banking tycoon Bao Fan steps down as head of China Renaissance
Billionaire financier Bao Fan has stepped down as head of investment bank China Renaissance, the company said Friday, almost a year after he was revealed to …
China’s central bank adds 150 billion yuan in cheap housing funds
THE People’s Bank of China (PBOC) provided 150 billion yuan (S$28.5 billion) worth of low-cost funds for lending to housing and infrastructure projects last month, stepping up support for the economy.
India’s Quiet Push to Steal More of China’s iPhone Business
The companies that make iPhones are bringing their factories to one corner of India, to graft them onto a network of manufacturers.
Apple iPhone target is billions short of Wall Street’s as China sales lag
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that…
China’s factory activity contracted for fourth straight month in January amid soft demand
The official NBS Manufacturing PMI in China was at 49.2 in January 2024, matching market forecasts while edging higher from December’s 6-month low of 49.0. It was the 4th straight month..
Cramer says the IPO market has been ‘hit or miss,’ telling investors to stay away from Amer Sports
Even though the IPO market is heating up, CNBC’s Jim Cramer said it’s seen some poor offerings, including Amer sports.
The US must stop Russia, or China will learn that it pays to use force against America’s interests, NATO chief says
“It is Ukraine today. Taiwan could be tomorrow.,” NATO Secretary-General Jens Stoltenberg said in a speech at the Heritage Foundation.
China hackers targeting US assets dismantled: FBI
The US has managed to dismantle the hacking efforts of a Chinese state-sponsored group that had been targeting key public infrastructure like the power grid and pipelines, says the FBI. The FBI’s director told lawmakers…
China’s central bank adds $21 billion in cheap housing funds
Authorities have stepped up policy support for the real estate sector recently, with plans to reveal the first list of housing projects eligible for financing. Chinese cities including the southern …
China pledges to stick with fiscal expansion to spur economy
China will maintain fiscal expansion this year to spur an economic recovery, Vice Finance Minister Wang Dongwei said on Thursday, reinforcing market views that public spending will be the government’s …
