China’s industrial profits rose at a sharply slower pace in May, official data showed on Thursday, underlining the struggles faced by the world’s second-largest economy as weak domestic demand crimps …
Monthly Archives For June 2024
Shenzhen-Zhongshan Corridor to Open to Traffic at 3 pm This Sunday
According to CCTV reports, the Shenzhen-Zhongshan Corridor will be officially opened to traffic at 3 pm this Sunday (30 June). After 7 years of construction, the Shenzhen-Zhongshan Corridor will link …
Beijing Falls in Line With Other Top Chinese Cities to Help Home Buyers
Beijing became the last major Chinese city to trim mortgage rates and down-payment requirements for home buyers, part of growing efforts across the country to resolve a long-running property …
Toyota’s May global output slides with marked decline in China
Toyota’s global production slid for a fourth straight month in May from a year earlier on lower output in many overseas markets, with the decline in China, where local brands have become much more …
China’s Financial Elite Face $400,000 Pay Caps, Bonus Clawbacks
The era of big paychecks for Chinese financiers is fast coming to an end as some of the industry’s biggest companies impose strict new limits to comply with President Xi Jinping’s “common prosperity” …
China’s factories seen extending activity declines in June: Reuters poll
China’s manufacturing activity likely contracted for a second month in June, a Reuters poll showed on Thursday, keeping alive calls for fresh stimulus after a string of recent indicators showed the …
China tariffs: Secretary Yellen talks Biden’s ‘targeted’ approach
The Biden administration recently imposed tariffs on Chinese imports valued at $18 billion, focusing on sectors such as electric vehicles, solar panels, and steel. US Secretary of the Treasury Janet …
China provides additional natural disaster relief funds, says state media
China has provided 496 million yuan ($68.26 million) of additional natural disaster relief funds for several provinces affected by floods to help with emergency rescues, and the relocation and …
China’s third plenum: what role for private sector as Communist Party leads Industry 4.0 push?
Observers widely expect long-awaited conclave to double down on ‘whole-nation system’ of development, but have mixed views on the likely outcomes The Communist Party of China is about to hold its …
China outpacing U.S. in nuclear power development, report finds
China is outpacing the U.S. by at least a decade in developing … joins CBS News to examine why the U.S. is falling behind. Yahoo Finance …
Global IPO divergence widens as Americas and EMEIA surge and Asia-Pacific slows
Globally, in the first half (H1) of 2024 there were 551 listings raising US$52.2b in capital, a 12% decrease in the number of IPOs and a 16% drop in proceeds raised year-on-year (YOY). This result…
China’s ‘multi-trillion-dollar time bomb’ imperils global markets: US House
for highlighting a challenge that China’s property market downturn has caused for the country’s LGFVs. These firms borrow on behalf of provinces and municipalities to finance roads, ports, and other …
Biden v Trump: What are they thinking in Moscow, Beijing and Delhi?
When Americans choose their next president, the contest is always closely watched around the world.There are countless ways US foreign policy – and the actions of the White House – has an impact on …
