CHINA’S leaders had an unenviable job at their Third Plenum from Jul 15 to 18. The meeting – so called because of its order in a cycle of policy-setting summits held every five years to…
Monthly Archives For July 2024
China tenant shocked by grisly past of home after stumbling upon TV crime show
An unsuspecting rental tenant in a modest property in China was shocked to discover from a short video that his home was the scene of a grisly murder 10 years ago.
The Third Plenum and China’s Economic Growth Challenges
Third Plenum highlights reforms for housing, fiscal policy, and addressing challenges, but lacks focus on stimulating consumption
China Regional Banks Exposed to Bond Reversal as PBOC Sales Loom
China’s regional lenders are facing growing risks in the nation’s $4.3 trillion sovereign debt market after an unprecedented bond rally this year prompted a slew of warnings from the central bank. The …
Mergers and closures loom for China’s 3,800 rural banks
About 70 rural banks have already undergone mergers since 2023. China is in the process of cleaning up its embattled rural financial institutions — a move that will not just lead to the mergers and…
China’s manufacturing activity contracted in July, the monthly Purchasing Managers’ Index says
A closely watched measure of Chinese manufacturing activity remained negative in July as concern persists about the state of the world’s second largest economy.
China PMIs Signal Continued Softness in Manufacturing, Slowdown in Services
China’s manufacturing activity extended its decline for a third consecutive month in July, as both production and market demand fell.
Asia markets mostly climb as investors assess China business activity data, await Bank of Japan rate decision
Japan’s Nikkei 225 fell as the country’s central bank raised benchmark interest rates to around 0.25%. This marks the first time since 2008 that Japan’s benchmark interest rate stands higher than 0.1% …
What’s It Like Traveling to China These Days?
China has been rolling out new visa-free programs and promising to make travel easier for foreigners. But challenges remain.
China to gradually implement consumption tax reform, minister says
China will gradually implement consumption tax reform through different items and standardise management of local governments’ non-tax revenues, Vice Finance Minister Wang Dongwei said at a press conference in Beijing on Wednesday.
China’s mobile phone market sees long-awaited recovery
Under the continuous efforts of companies like Huawei, Xiaomi, Vivo, Honor, and Oppo, China’s mobile phone market is finally experiencing a long-awaited revival.
China Focus: 4,300-year-old Taosi site sheds light on prehistorical culture, technology
TAIYUAN, July 31 (Xinhua) — A newly built museum is set to open at the 4,300-year-old Taosi relics site in north China. Over 300 items to be on display will shed light on the life…
China to launch pioneer cities showcasing exemplary BeiDou applications
China is readying to support the large-scale application of the BeiDou Navigation Satellite System, with plans to designate a number of pilot cities to …
