China has plans to expand its fleet of “manta ray” submersibles to include undersea spy drones that can be used for reconnaissance purposes, officials said. The submersibles are designed to resemble …
Monthly Archives For June 2024
China state-owned banks sold dollars as yuan fell to near seven-month low, sources say
China’s major state-owned banks were seen selling dollars for yuan in the onshore spot foreign exchange market on Tuesday to prevent the local currency from falling too rapidly, four people with …
China’s central bank to return to gold buying as prices ease: analysts
CHINA, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from the record highs hit in May, as the fundamental case for the metal remains, …
China reports growing exports in semiconductors, implying overcapacity
Official data from the Chinese government showed that semiconductor exports from China rose at a faster pace in the first five months of the year, as the country, particularly SMIC, is facing intensifying competition from…
Innovative musical set to premiere in Beijing
Main cast members of Chinese musical, Snow Embracing the Blue Pass, give a talk about the musical in Beijing on June 2. [Photo provided to China Daily] The highly anticipated original Chinese musical, Snow Embracing…
HSBC adds over 300 to China headcount after Citi wealth acquisition
HSBC said on Tuesday it had boosted its headcount in China by more than 300, as the Asia-focused lender completed the acquisition of Citigroup’s consumer wealth portfolio in the world’s second-largest …
4 instructors from Iowa’s Cornell College injured in China, in what Iowa leaders calling a stabbing attack
Four instructors from an Iowa college who were visiting their partner university were injured in a park in northeastern China on Monday in a stabbing incident, according to a school spokesperson. The …
China’s commercial banks resilient against risks: regulator
The figure increased by 269.8 billion yuan from the end of the previous quarter, further demonstrating the resilience of Chinese lenders against risks, according to the National Financial Regulatory …
China’s commercial banks resilient against risks: regulator
The figure increased by 269.8 billion yuan from the end of the previous quarter, further demonstrating the resilience of Chinese lenders against risks, according to the National Financial Regulatory …
China’s central bank to return to gold buying as prices ease, analysts say
China, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from the record highs hit in May, as the fundamental case for the metal remains, …
Broad-Based ETFs Unleashing Opportunities to Invest in China A-Shares Amid Market Recovery
GUANGZHOU, China, June 10, 2024 /PRNewswire/ — According to a recent report about market data released by the Shenzhen Stock Exchange, there are a total of 379 ETF products with a combined market cap …
Focus: In China, a search for identity boosts Lululemon, premium sportswear brands
Adidas grew its China business by 8% in its first quarter. “As the market matures, growth will increasingly favour niche categories and niche brands,” said HSBC consumer analyst Lina Yan. Reuters …
4 instructors from Iowa’s Cornell College injured in ‘serious incident’ in China, school says
Four instructors from an Iowa college who were visiting their partner university were injured in a park in northeastern China on Monday, in what Iowa leaders are describing as a stabbing attack. The …
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