The latest CPI inflation data showed a larger than expected rise led by services, but on the goods side of the economy, trade data is also showing a recent increase in U.S. imports from China.…
Monthly Archives For April 2024
Hard times for China’s micro-industrialists
Then came China’s fertility crash. In 2023 the number of Chinese newborns hit a record low of just over 9m, after falling for seven years in a row. That compares with nearly 19m babies born…
Top lawmakers urge caution in approving more flights between US, China
A pair of lawmakers is urging top administration officials to execute caution in approving additional flights between the United States and China. Reps. Mike Gallagher (R-Wis.) and Raja Krishnamoorthi …
Bank of China lets taxi drivers accept central bank digital currency payments on NFC mobile phones
The Bank of China is conducting a pilot in the city of Shenzhen of a new service that makes it possible for merchants to accept contactless digital currency payments on standard NFC mobile phones.
From solar photovoltaic and wind energy to electric vehicles: How China is overproducing green technology
United States Treasury Secretary Janet Yellen warned China last weekend against overproducing clean-energy products such as solar panels, wind turbines and electric vehicles (EVs) in the race to slow …
Shanghai Aims to Spur Top Brands to Open First Asian Store in City
As part of the city’s push for “debut economy 2.0,” the First in Shanghai initiatives will award 1 million renminbi, or $137,875, to brands that pick Shanghai for their Asian retail debut.
It helped China enforce zero-Covid. Now the community ‘grid’ network is going ‘professional’
A ‘basic system of professional community workers’ must be built within five years, Communist Party and State Council say in joint notice, as Beijing continues drive to strengthen central control.
How China Is Driving Up Global Gold Prices
China’s central bank increased its gold reserves for the 17th straight month as it seeks to hedge against geopolitical headwinds.
China says it is ready to work closely with North Korea to help relations reach higher level
China is willing to work closely with the North Korean legislature to help relations reach a “higher level,” China’s top legislator Zhao Leji was quoted as saying by the foreign ministry on Thursday.
The US is headed for a much more aggressive trade war with China regardless of who is president next year, economist says
The US could see a trade war with China that surpasses the level of aggression seen during the Trump era, China Beige Book’s Shehzad Qazi said.
Exclusive: US airlines, unions urge Biden administration not to approve more China flights
Major U.S. airlines and aviation unions on Thursday urged the Biden administration to pause approvals of additional flights between China and the United States, citing ongoing “anti-competitive …
US Urges Action on ‘Generational’ Debt Risks, Calls Out China
The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury …
China Exports Gasoline Using Blockchain In Unprecedented Move
China’s Sinochem Energy Technology Co has successfully completed the shipment of gasoline from China’s Quanzhou City to Singapore using blockchain technology …
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