Lending rate for one-year medium term policy loans was cut by 20 basis points to 2.3%, the biggest rate cut since the world’s second-largest economy was slammed by the Covid-19 pandemic in 2020 …
Monthly Archives For July 2024
Xi’s China To ‘Speed Up’ Nuclear Force Buildup
China’s leader Xi Jinping ordered his country to “speed up” the development of strategic deterrence forces as Beijing demands the United States make “nuclear concessions.” …
{Hot Stocks}CHINA MOBILE(00941) quoted at HK$72.8, down 2.6%
[ET Net News Agency, 26 July 2024] CHINA MOBILE (00941) fell 2.6% to HK$72.8, dipping below the 50-D SMA of HK$74.289. It hits an intra-day low of HK$72.5, hitting an 1-month low, and an intra-day…
Technological innovation “top task” of China’s central SOEs: official
BEIJING, July 26 (Xinhua) — China’s centrally-administered state-owned enterprises (SOEs) have prioritized technological innovation as their “top task,” leading to increased research investments and …
India and China agree to work urgently to achieve the withdrawal of troops on their disputed border
India says it has agreed with China to work urgently to achieve the withdrawal of tens of thousands of troops stationed along their disputed border in a long-running standoff.
China to Issue USD41.5 Billion in Bonds for Gear Upgrades, Consumer Goods Trade-Ins
(Yicai) July 26 — China will allocate CNY300 billion (USD41.5 billion) in ultra-long special treasury bonds for large-scale equipment upgrades and trade-in of consumer goods to boost domestic demand.
China to Issue USD41.5 Billion in Bonds for Gear Upgrades, Consumer Goods Trade-Ins
(Yicai) July 26 — China will allocate CNY300 billion (USD41.5 billion) in ultra-long special treasury bonds for large-scale equipment upgrades and trade-in of consumer goods to boost domestic demand.
China Pledges Fresh Fiscal Support to Boost Domestic Demand as Economy Slows
China’s policymakers have taken a fresh stab at jolting consumption … the National Development and Reform Commission said in a joint notice with the finance ministry. About half of the funds will be …
China veers off beaten path with consumer stimulus
After unshackling the economy from three years of COVID-19 restrictions, Chinese officials had hoped that stimulating the industrial sector would stabilise the job market and lead to higher wages and …
Southeast Asian diplomats meet with China as friction mounts over Beijing’s sweeping maritime claims
VIENTIANE, Laos — Top diplomats from Southeast Asia met Friday morning in Vientiane with China’s Foreign Minister for talks that come as friction continues to escalate over Beijing’s growing effort to …
China says Taiwanese working in the mainland ‘need not worry’ after it suggested a death penalty for ‘independence die-hards’
China sparked alarm in Taiwan after floating prison sentences, or even execution, for supporters of declaring independence.
China Real Estate Crash Alert; Slowing Economy Have Cascading Global Repercussions
In recent years, the China real estate collapse has become a focal point of global economic discussions. Major real estate firms such as Evergrande and Country Garden, once giants in the industry, …
{Hot Stocks}CHINA UNICOM(00762) quoted at HK$6.92, down 2.9%
[ET Net News Agency, 26 July 2024] CHINA UNICOM (00762) fell 2.9% to HK$6.92. It hits an intra-day low of HK$6.91, and an intra-day high of HK$7.13. The total shares traded was 9.56 million, with…
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