VCG. China’s Ministry of Finance (MOF) vowed on Monday to promote the purchase of the nation’s saving bonds, including increasing the issuance volume an …
Monthly Archives For April 2024
Souring China dreams force Western financial firms to cut costs
Just a few years ago, lucrative business prospects in China on the back of a booming economy led to a scramble among Western financial firms, from investment banking to asset management, to expand …
China reports general public budget spending near 7t yuan in Q1
BEIJING – China’s general public budget spending expanded 2.9 percent year-on-year to nearly 7 trillion yuan ($985 billion) in the first quarter of 2024, according to a Monday press conference.
China’s EV price wars continue in world’s largest EV market
Things are spicing up in Tesla’s (TSLA) latest EV pricing bout with Chinese competitors in China’s auto market, this time with Li Auto (LI) as both companies slash prices on electric vehicle models.
How China’s Millennials Are Driving the Luxury Market Boom
China’s luxury market is predicted to become the largest in the world. The shift in consumer trends, primarily among China’s younger population, is the main factor behind this growth. According to a …
China’s EV industry is going global. Why that has Tesla and other carmakers worried
The Alliance of American Manufacturing warned in a February report that allowing Chinese EVs into the country would be an “extinction-level event” for the U.S. auto industry. The group also cited the …
US and Ally Begin Major Military Exercise on ‘China’s Doorstep’
This year’s edition of the Balikatan exercise, the largest yet, is taking place near two Asia-Pacific hotspots.
China e-commerce exports, unreliable Red Sea shipping boost air cargo
The air cargo sector grew more than 10% during the first quarter on the back of e-commerce exports from China and supply chain disruptions in the Red Sea. The post China e-commerce exports, unreliable …
Global Impact: China posts better-than-expected first-quarter growth, but US trade actions test outlook
In this week’s issue of the Global Impact newsletter, we take the temperature of US-China relations at a difficult time for Beijing as it seeks to solidify the recovery of the world’s second-largest …
China Unicom offers mixed success in Q1
China Unicom continued to add 5G users at a brisk pace in the opening quarter and registered another quarter of profit and revenue growth.
Chinese spy ring ‘used fake London company to pass intelligence to Beijing’
A Chinese spy ring has been busted in Germany after three people were arrested on suspicion of passing sensitive military technology to Beijing.
How can China remedy deflation risks without ditching long-held economic strategy?
Beijing’s prudent monetary moves and an emphasis on restructuring local government debt have sparked debate over how long it will take policymakers to ‘walk it off’.
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
Neom officials visited Beijing, Shanghai, and Hong Kong in an attempt to court Chinese investors and shed more light on the $500 billion megaproject.
