Taiwan called on Beijing to “be rational” on Tuesday following a deadly incident involving a Chinese boat and the Taiwanese coast guard, with the island’s premier insisting it would protect its waters …
Monthly Archives For February 2024
China shares dip as central bank cuts key rate
Mainland China’s shares fell on Tuesday as its central bank announced a record cut to a benchmark lending rate in a bid to boost its struggling economy.But both were down in early trade Tuesday, as…
China central bank cuts benchmark lending rate to boost economy
China’s central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to boost its flagging growth. But that, and recent announcements including central bank …
China’s chip imports and exports fell in 2023
According to data from the General Administration of Customs of the People’s Republic of China (GACC), semiconductor imports and exports fell in 2023 for the second year in a row.
Asia stocks struggle even as China slashes rates
Asian shares were pinned below 1-1/2 month highs on Tuesday as even a larger-than-expected interest rate cut in China failed to excite investors jaded at the lack of bigger stimulus measures.
Pacific Island Nations Warn of Possible Opening for China Amid U.S. Funding Delay
The budget impasse in Congress has led to a delay in crucial funding for three U.S.-allied Pacific Island nations, potentially making them more vulnerable to influence by China, including over Taiwan, …
China boosts property funding with first cut in key loan rate since June
The five-year benchmark loan rate — the peg for most mortgages — was cut by 25 basis points, according to a statement Tuesday from the People’s Bank of China.
Taiwan minister says China coast guard triggers panic by boarding Taiwan tourist boat
The boarding of a Taiwanese tourist boat by China’s coast guard triggered panic among Taiwanese people, a Taiwan minister said on Tuesday, as tensions rise across the sensitive Taiwan Strait.
Singapore Airshow to feature aerial displays and the international debut of China’s C919
The Singapore Airshow – Asia’s largest – kicks off Tuesday with an array of aerial displays including some by China’s COMAC C919 narrow-body airliner.
China Cements Grip on Tech as Beijing Tightens Economy Control
China’s ruling Communist Party will play a bigger role in steering its vast technology industry, the latest sign that Beijing intends to exert more influence over swathes of the world’s No. 2 economy.
China central bank cuts benchmark lending rate for the first time since June
The People’s Bank of China cut the five-year loan prime rate (LPR) to 3.95% from 4.2%, while the one-year LPR, which serves as a benchmark for corporate loans, was kept unchanged at 3.45%.
China cuts mortgage reference rate more than expected to revive property market
China cut a benchmark reference rate for mortgages at a monthly fixing on Tuesday as authorities ramped up efforts to stimulate credit demand and revive the property market.
China cuts benchmark 5-year lending rate for the first time since June
The five-year benchmark loan rate — the peg for most mortgages — was cut by 25 basis points, according to a statement Tuesday from the People’s Bank of China.
