China cut several short- and long-term interest rates on Monday as its economy grapples with slower growth and weak consumer sentiment.
Monthly Archives For July 2024
Govt measures helping toy industry to boost exports, cut imports from China: Survey
“Rising exports, coupled with declining imports, transformed India from a deficit to a surplus nation in the trade of toys,” it said. For over a decade, India was heavily relied on China for around 76…
Bitcoin trader sees 2 months to all-time high as China cuts key rates
Bitcoin trader entertains a two-month countdown to all-time highs with China cutting interest rates and bulls keeping BTC price upside intact.
China, Philippines announce deal to stop clashes in South China Sea
China and the Philippines announced an agreement intended to end escalating clashes in the South China Sea centering around Second Thomas Shoal.
Tesla margins likely dipped in Q2; robotaxi, AI ventures in focus
Tesla’s second-quarter margin hit a more than five-year low, the electric vehicle maker is likely to report on Tuesday, and its CEO Elon Musk is expected to double down on the company’s robotaxi plans …
Beijing Announces Surprise Interest Rate Cuts – TaiwanPlus News
China’s central bank announced surprise rate cuts on Monday. The rate cuts come as Beijing mulls measures to improve its economy.
Bohai Bank to sell US$3.5 billion in loans to China’s bad banks in bid to shore up capital
China Bohai Bank proposed to sell US$3.5 billion worth of assets at a discount to bidders including the nation’s bad debt managers via a public tender to shore up capital levels.
STAR Market helps tech-focused firms fuel China’s new quality productive forces
VCG. China’s Nasdaq-style sci-tech innovation board of the Shanghai Stock Exchange, also known as the STAR Market, celebrated its fifth anniversary on Monday. It …
Russia and China are gaining ground on the US in Latin America, US commander says
Russia and China are competing for influence with the US in Latin America, according to the top US commander in the region, forming closer ties there.
China’s Media Reports Democrats ‘Desperate’ As Biden Withdraws From Race
Since the latter half of the Trump administration, the U.S. and China have been locked in trade and tech wars, a military rivalry in the Asia Pacific, and at loggerheads over human rights in China…
CrowdStrike-Microsoft outage: China avoids disruption on back of cybersecurity drive
Emerging largely unharmed from the global tech disruption shows that mainland China’s push for “safe and controllable” computing systems has paid off.
Beijing appears to be demanding that Chinese AI models have ‘socialist values’
Beijing’s aggressive ideological requirements regarding its homegrown LLMs could hold China’s AI sector back, one expert said.
GT investigates: Rumor ‘mainland media stepping in Taiwan TV program’ exposes DPP’s fake news fabrication chain targeting Beijing
They noted that in recent years, the ruling DPP has formed a complete chain of fabricating rumors to attack Beijing, which has caused widespread resentment and anger across the Straits. Producing fake …
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