BEIJING, April 14 (Xinhua) — China Development Bank (CDB) said it had issued 266.9 billion yuan (about 37.61 billion U.S. dollars) in loans during the first quarter of 2024 to bolster the advancement of infrastructure…
Monthly Archives For April 2024
China detains 2 over tourist boat capsizing that killed 12, citing lack of safety equipment
Chinese state media report that two people have been detained following the capsizing of a tourist boat on a river in the country’s northeast that led to the drowning deaths of 12 people …
China ‘deeply concerned’ about escalation after Iran strikes Israel
China is “deeply concerned” about escalating tensions in the Middle East after Iran launched drones and missiles in a retaliatory strike against Israel, a foreign ministry spokesperson said on Sunday.
German companies’ dependence on China will last decades, warns Siemens
The latest intervention by Siemens, which has previously defended its operations in China and declared its intention to expand its market share there, comes as Chancellor Olaf Scholz arrived in China …
China property: ‘iPhone City’ gets a consumption upgrade incentive with trade-in scheme to revive woeful housing market
China is encouraging more property owners to swap their old homes for new ones as a way to rejuvenate the market. Zhengzhou, home to the largest iPhone factory, is among at least 30 other mainland…
China EV maker Nio urges openness in US speech amid tensions
William Li, speaking at an event at Harvard University on Saturday, said rapid EV growth in China resulted from an “open and competitive” market where “all products are welcome regardless of their …
Beijing’s Craft Beer Festival set to open on May Day holiday
In the heart of the capital’s western Shijingshan district, nestled within the historic and cultural Shougang Park, the annual Beijing Craft Beer Festival is about to unfold once again during the …
Crypto Market This Week: Key Global Events To Watch & Potential Impact
The global economic events, including U.S. data releases and central bank speeches, are poised to influence the investors’ sentiment and price movements.
China’s consumer products expo shares opportunities, market with world
People visit the exhibition area of domestic brands at the fourth China International Consumer Products Expo in Haikou, capital city of south China’s Hainan Province, April 13, 2024. [Photo/Xinhua] …
Tech war: China pushes forward self-reliance campaign amid unrelenting US sanctions
In Beijing’s Tongming Lake IT City, a group of prominent Chinese firms are leading efforts to become self-sufficient in core technology Some foreign tech businesses operating in China are already feeling the heat from local…
China investment banks report dismal fees as IPOs and M&As fall to decade low
Banks only raised $3.1b in fees from IPOs– a 78% decline from Q1 2023. Investment banks in China recorded one of their lowest performing first quarter periods in 2024 as the number of companies going…
Fewer Americans want to study in China. Both countries want to fix that, ‘a lot of trust has been broken’
Some young Americans are discouraged from investing their time in China by what they see as diminishing economic opportunities and strained relations between Washington and Beijing.
Ma Ying-jeou’s mainland China trip shows he’s Beijing’s best hope to win Taiwanese hearts and minds
Analysts say former Taiwanese leader’s VIP visit to mainland could help Beijing amplify appeals for ‘peaceful reunification’ with the island and send well-timed message to Taiwan’s president-elect …
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