Prices in China are falling at their fastest rate in 15 years as Beijing struggles to arrest the slump engulfing the world’s second-largest economy. The National Bureau of Statistics announced …
Monthly Archives For February 2024
China’s NEV exports up 27.1 pct in January 2024: association
BEIJING, Feb. 8 (Xinhua) — Exports of Chinese new energy vehicles (NEVs) maintained a robust trend last month, with 95,000 new energy passenger cars exported in January 2024, an increase of 27.1 …
China’s Commodity Imports Off To A Good Start To 2024
Chinese commodity imports remained robust in January despite signs of a still struggling economy and cautionary reading of the data that may have be …
Alibaba Stock Falls as China Deflation Nears Financial Crisis Levels. Temu’s Owner Could Benefit.
The Chinese consumer-price index dropped 0.8% year over year in January, the biggest fall since the 2008-09 financial crisis.
China names a new stock regulator and reports new developer financing in a bid to soothe markets
Shares have risen in China after Beijing ousted its top stock market regulator and announced more funding for hard-strapped property developers …
Beijing empties out as migrants head home for first ‘real’ CNY after Covid-19 pandemic
The number of trips over China’s annual CNY travel rush this year is expected to hit a record 9 billion. Read more at straitstimes.com.
China’s consumer prices fall at fastest rate in 15 years; UK mortgage arrears rise – business live
Rolling coverage of the latest economic and financial news, as China slipped deeper into deflationary territory in January …
US and Japan Fight China in Allied War Game
China’s state-run “Global Times” has accused Washington and Tokyo of substantially increasing tensions in the Taiwan Strait.
China’s Xi urges ‘close strategic coordination’ in call with Putin
China’s President Xi Jinping told Russian President Vladimir Putin that the two countries should pursue close strategic coordination and defend the sovereignty, security and development interests of …
US Ally’s Religious Leaders Slam ‘Chinese Aggressors’ in South China Sea
A group of bishops have called attention to the plight of local fishermen amid Beijing’s expansive activities in the South China Sea.
China Deflation Alarms Raised by Falling Prices for Food and Cars
In addition to consumer price declines in January, wholesale prices fell last month, and have been down in every month since October 2022.
Taiwan’s US envoy accuses China of stealing tech
STORY: Taiwan’s new envoy to the U.S. on Wednesday accused Beijing of cheating in the chip making race and stealing technology as he backed Washington’s export controls against China.The U.S. has been …
Xi just fired China’s top markets regulator. It shows his focus is still on control above all else.
China replaced its top markets regulator late on Wednesday following news Xi was to meet with the agency amid a deep market rout.
