China central bank conducted 21627 billion yuan about US3031 billion of seven-day reverse repos at an interest rate of 17 percent Tuesday …
Monthly Archives For July 2024
China’s trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returned
Chinese banks are tightening compliance checks, fearing repercussions from Western sanctions.
The US just showed it can stealthily sink an 820-ft ship with a low-cost bomb, and China is scrambling to say it’s not impressed
The US sunk a 39,000-ton ship with a low-cost bomb. China criticized the exercise, calling it a show of power and questioning its effectiveness.
Taiwan Says Reaches Agreement With China Over Fishermen’s Deaths
TAIPEI (Reuters) – Taiwan reached an agreement with China on Tuesday over the deaths of two Chinese fishermen in a maritime incident following months of negotiations, a move that could tone down tensions in the…
Wargames show the US could burn through its ammo in ‘as few as 3 to 4 weeks’ in a war with China, commission warns
Some important munitions, like anti-ship missiles, might last only a few days, said the eight-person commission appointed by Congress.
IPO-bound Ola Electric’s cost of imports from China jumped to 37% in FY24
The company’s total cost of materials consumed was around Rs 4,390 crore, of which, imports from China amounted to Rs 1,624 crore …
Justin Sun pushes China to adopt crypto-friendly policies following Trump’s Bitcoin Conference speech
Justin Sun, the face behind Tron blockchain, urged the Chinese government to employ a more proactive approach to digital assets. Sun referenced RF Kennedy and Trump’s speech at the Bitcoin 2024 conference,
{Hot Stocks}CHINA UNICOM(00762) quoted at HK$6.59, down 3.4%
[ET Net News Agency, 30 July 2024] CHINA UNICOM (00762) fell 3.4% to HK$6.59, dipping below the 50-D SMA of HK$6.75. It hits an intra-day low of HK$6.59, hitting an 1-month low, and an intra-day…
China’s ‘new productive forces’ need government, market efforts: vice premier
China’s Vice Premier He Lifeng stressed the need for a well-coordinated government and efficient market to develop the country’s “new productive forces”, state media said on Tuesday.
Four killed in rains, floods as remnants of weakened Gaemi lash south China
Torrential rain and flooding in China’s southern Hunan province has killed four people and prompted the evacuation of thousands of residents, Chinese state media said on Tuesday, as remnants of the …
As sales of ice makers surge, homes, hostels, offices across China chill out
YANG BIN/FOR CHINA DAILY] Owing to soaring summer temperatures, household ice makers are selling like hotcakes in China as consumers, be it families, office workers or university scholars, have …
Liquidators struggle to recover cash from China’s broke builders
Liquidators trying to recoup at least a fraction of creditors’ investments in defaulted Chinese builders are running into dead-ends. Read more at straitstimes.com.
Shenzhen sells biggest batch of ‘dim sum’ bonds in Hong Kong with 7-billion yuan issue
The fourth offering in the last four years, which will fund an array of infrastructure projects, brings total funds raised to US$3 billion.
