A staff member of a publisher communicates with a Russian business guest at the 30th Beijing International Book Fair in Beijing, capital of China, June 19, 2024. (Xinhua/Luo Xiaoguang) The 30th …
Monthly Archives For June 2024
China to create fund to rescue financial companies
BEIJING — The Chinese government plans to set up a rescue fund for embattled financial institutions, aiming to prevent a financial crisis triggered by the real estate market slump. Unlike similar …
Cash is leaving China again, pressuring yuan
A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China’s domestic investors are shelving expectations for any immediate recovery in their home markets and fleeing to …
Russia’s North Korea defense deal could create friction with China: US general
Russian President Vladimir Putin’s mutual defense agreement with North Korea has the potential to create friction with China, which has long been the reclusive state’s main ally, the top U.S. military officer said on Sunday.
China says its Fujian carrier is world’s largest conventionally powered warship
Programme on state broadcaster CCTV gives more details of the technology on board the ship, including its electromagnetic catapult.
Beijing’s Planners Have Messed Up Again
The folks in Beijing seem to have even less capacity to look into the future than most. Faced with the economic drag of China’s ongoing property crisis, dispirited consumer, and discouraged private …
Weakening yuan could be what China needs, but not what it wants
HONG KONG/SHANGHAI — China’s policy makers are facing a tough call of where they want the yuan to stand as the tightly-controlled currency hits a seven-month low against the U.S. dollar, approaching …
Marcos struggles with message as Beijing ramps up the pressure
Philippine President Ferdinand Marcos Jr. on Sunday broadcast a mixed message of goodwill and defiance six days after a violent clash with Chinese forces sent tensions soaring even higher near a …
China’s property slump is expected to get worse
Two global credit ratings firms lowered their forecasts for China’s property market, as an accelerating slump in home prices hampers the country’s efforts to rescue the sector. S&P Global Ratings now …
China agrees to electric car tariff talks as EU fights to avoid trade war
The EU has clinched last-ditch talks with Beijing over plans to impose higher tariffs on Chinese imports of electric cars amid fears of a looming tit-for-tat trade war. Trade ministers from China and …
Chinese companies’ brand strength sets new high: report
The overall brand strength of Chinese companies has increased by 17 percent from 18,035 to 21,150 year-on-year from 2023 to the first half of this year, reaching a new high in history, according to …
Rugby-China book place in women’s Rugby Sevens at Paris 2024
China have qualified for the women’s Rugby Sevens competition at the Paris Olympic Games following a 24-7 win over Kenya in Sunday’s final of the repechage qualification tournament being staged in …
This technology could transform one of the world’s dirtiest industries. Experts say it’s way off pace
Steelmaking is responsible for up to 9% of global planet-heating pollution. The technology exists to clean it up but big obstacles remain …
