The Cat God in the Forbidden City, a popular song and dance drama, opens the 13th China Children’s Theater Festival in Beijing on July 12, 2024.[Photo provided to chinadaily.com.cn] Held alongside the festival will be…
Monthly Archives For July 2024
China central bank leaves medium-term rate unchanged as expected
China’s central bank left a medium-term rate unchanged as expected on Monday when rolling over maturing medium-term loans. WHY IT’S IMPORTANT The steady medium-term lending facility (MLF) rate was in …
China Withdraws Cash From Banking System Amid Pressure on Yuan
China withdrew cash from its banking system for a fifth consecutive month, amid caution toward monetary easing as currency depreciation pressures mount.
China Property Crash Is Battering a Niche Pocket of ESG Finance
China’s property downturn is weighing on yet another corner of financial markets: ESG-labeled securitized debt. Chinese developers are issuing far fewer securities tied to climate or social objectives …
Beijing’s retailers rebel against rent hikes, stalling any return to pre-pandemic levels
Rents, which account for around 30 per cent of total costs, have lagged behind the economy, because leases usually last for three years Beijing’s retailers are resisting increases in rental charges in …
Beijing sees surge of new shopping malls in H1
Beijing added 470,000 square meters of commercial spaces in the first half of this year, and more shopping malls are still in the pipeline. The city anticipates adding a total of nearly 1 million …
Conference to boost global basic science exchange opens in Beijing
The International Congress of Basic Science (ICBS) was inaugurated in Beijing on Sunday, bringing together more than 800 scientists and scholars from home and abroad. The congress focuses on three …
China’s Communist Party will signal its approach to the country’s challenges at a meeting this week
China’s ruling Communist Party is starting a four-day meeting that is expected to lay out a strategy for self-sufficient economic growth in an era of heightened national security concerns and …
China’s ‘Reform’ Gathering Will Disappoint Investors Hoping for a Lifeline
Based on what has been reported so far, a major focus will be China’s efforts to achieve technological self-sufficiency and transition into a world-leading technology power by 2035. This is an …
China Wraps Up First Case of Failed IPO Candidate Suing SZSE
(Yicai) July 10 — China has closed its first case of a company suing the … The court did not disclose the name of the IPO-hopeful. The company had been dissatisfied with a decision of…
China’s economy seen slowing in Q2 as stimulus calls grow
BEIJING (Reuters) – China’s economy likely slowed in the second quarter as a protracted property downturn and job insecurity weighed on domestic demand, keeping alive expectations Beijing will need to …
China’s GDP recovery likely lost steam in Q2 as consumption sags
BEIJING (Reuters) -China’s economy likely grew 5.1% in the second quarter from a year earlier, slowing from a strong start in the first three months due to sluggish consumer demand, keeping alive …
China’s beer market, the world’s largest, set for bounce as drinkers go high-end
“The European Cup ignites the ‘beer economy,'” Chinese online database QiChaCha said, adding that China’s beer industry had shown a clear trend towards high-end offerings. China, the world’s largest …
