Beijing’s sunny economic forecast this year belies the difficulty of escaping the middle-income trap, a Chinese analyst says.
Monthly Archives For March 2024
China’s Ant Group appoints new president in biggest reshuffle since regulatory revamp
Han Xinyi will become president of China’s Ant Group and some units of the financial technology company will set up their own boards of directors to operate more independently, according to a source …
Exclusive-Fidelity International plans to cut 16% of China fund unit jobs, sources say
Fund manager Fidelity International (FIL) is planning to lay off 20 people at its main China unit, two sources familiar with the matter said, a reduction that coincides with a downturn in China’s …
Korean carriers expand routes to China as demand returns to pre-pandemic levels
The figure represents an increase of 867.9 percent from February of last year, when only 105,224 passengers flew the same route. The recovery rate from February 2019, before the onset of Covid-19, …
Taiwan Slams Russia’s Putin for Backing China’s Territorial Claim
Taiwan has slammed comments from Vladimir Putin supporting China’s territorial claims. In a statement that drew immediate backlash, the Russian president on March 18 endorsed China’s claims over …
China Slowdown Weighs On February Swiss Watch Exports
The 3.8 percent slump was driven by China and Hong Kong’s steep drops, which were not offset by moderate growth in other top markets including the U.S.
Swiss Watch Exports Slump on Lower Shipments to China
Swiss watch exports fell for just the second time in three years, led by lower shipments to China and Hong Kong, as demand for luxury timepieces cools.
$300 Billion Crypto Price Crash Suddenly Accelerates As Bitcoin, Ethereum And XRP Traders Brace For A Fed Shock
The bitcoin and crypto market has been turbo-charged by the debut of a fleet of bitcoin spot exchange-traded funds (ETFs) on Wall Street this year. The new bitcoin ETFs have raked in billions of …
Biggest fraud in Chinese history? Beijing accuses Evergrande of inflating revenues by $78 billion
Chinese regulators have accused Evergrande and its founder of inflating revenues by $78 billion, putting the insolvent property developer at the heart of the country’s biggest ever financial fraud …
A dissident in Europe is enraging Beijing. Now Chinese police are coming for his social media followers
Teacher Li” warned his 1.6 million followers on X that authorities are summoning his followers in China for questioning.
China’s Xi Congratulates Ally Putin on Reelection
Xi Jinping said China and Russia are developing their “comprehensive strategic partnership of coordination for a new era.” …
China’s Coast Guard Joins Navy and Air Force for Combined Drills
The Chinese Coast Guard combined forces with the People’s Liberation Army Navy and the Air Force near the Taiwan Strait in a rare show of force. The Chinese People’s Liberation Army (PLA) Eastern …
China’s stock watchdog fines property developer Evergrande, slaps lifetime ban on its chairman
Troubled property developer China Evergrande Group says Beijing’s stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue, among other violations, as it …
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