BEIJING, June 28 (Xinhua) — China’s central bank said that this year it had sought progress while giving the stability of macro policies top priority, pursued a prudent monetary policy that is …
Monthly Archives For June 2024
China’s central bank puts the yuan’s exchange-rate swings in crosshairs
A stable exchange rate plays a key role in China’s position as a major importer and exporter, but the yuan has come under heavy pressure from the US dollar.
EV Stocks: Tesla’s China Rivals Eye Sales Recovery With Cheaper New Models Due
A smoother road awaits China’s electric vehicle makers given the subsidies and improving consumer demand, the South China Morning Post recently reported. That follows a BYD-led price war in the first …
Shenzhen’s low-altitude economy takes flight: Transforming logistics and beyond
In recent years, Shenzhen has witnessed the rapid growth of its low-altitude economy, making the dream of having everything delivered by drone a reality. As a representative of new productivity, the …
Shenzhen’s Luohu district aims for legal services expansion by 2026
In a recent announcement, Guo Tianming, the director of Luohu District Justice Bureau, outlined ambitious growth targets for the district’s legal services industry. By 2026, Luohu aims to host …
China passes revised emergency response law to improve protection for lives, property
China’s top legislative body passed a revised emergency response law on Friday, the official Xinhua news agency reported, with the aim of improved protection for lives and property. Extreme weather events have tested China’s emergency…
TikTok billionaire who began in Beijing flat – but fell foul of Chinese rulers
This multi-billionaire began designing apps in his small apartment in Beijing but went on to be the creator of one of the biggest social media platforms on the planet. Now worth over $43.3 billion, …
China’s AI companies are reportedly rationing the use of their services because they don’t have enough chips
China’s chip industry may have found a way to make an advanced chip that can power a 5G smartphone, but it can’t yet make a chip powerful to run AI applications. And that dependence on…
{Hot Stocks}CHINA UNICOM(00762) quoted at HK$7.15, up 3.3%
[ET Net News Agency, 28 June 2024] CHINA UNICOM (00762) rose 3.3% to HK$7.15. It hits an intra-day high of HK$7.15, hitting a 52-week high, and an intra-day low of HK$6.85. The total shares traded…
China ramps up financial support for SMEs to spur economic vitality
The ICBC and the Bank of China have launched technology finance centers to bolster support for technology-driven SMEs. Apart from bank loans, China also encourages SMEs to take advantage of direct …
‘Superconnector’ Hong Kong should shift to ‘super moneymaker’: top Beijing official in city
Beijing’s top official in Hong Kong has urged the city to evolve from “superconnector” to “super moneymaker”, while adopting the principle of the rule of law to resolve governance issues. Zheng …
AirAsia enhances Chinese tourism connectivity with new Beijing-Bangkok flight route
AirAsia has unveiled a direct flight route from Beijing Daxing International Airport to Bangkok Don Mueang International Airport on June 28, with the strategic objective of further solidifying its …
Apple’s May smartphone shipments in China up 39.6% y/y, data shows
Apple’s smartphone shipments in China rose 39.6% in May from a year earlier, extending a rebound seen in April, data from a research firm affiliated with the Chinese government showed on …
