In a landmark decision, China has achieved a significant legal victory by successfully extraditing Zhang Yufa from Thailand. Zhang Yufa, also known as Tedy Teow Wooi Huat, is alleged to be the mastermind behind a…
Monthly Archives For August 2024
China regulates bond market based on market principles, state media says
China’s financial regulators approach bond market oversight based on market principles and from macro-prudential and compliance perspectives, state media on Saturday, rejecting claims of market …
‘Disappointing’: China’s US$42 billion plan to buy up unsold homes rolls out slowly
Only about five cities have made purchases so far, according to a China Real Estate Information Corporation (CRIC) report …
Analysts: China-Russia financial cooperation raises red flag
The Chinese yuan replaced the dollar as Russia’s most traded currency in 2023, when the U.S. imposed sanctions on a few banks in Russia that could still trade across the border in dollars, according …
China set to dominate electric vehicle market as brands prepare for more local launches
China has cornered the market for electric vehicles and the race to sell green cars is only going to get tougher for established brands.
China Market Update: Alibaba Shareholders Approve Dual Primary Listing, Paving The Way For September Southbound Inclusion, Week In Review
Asian equities ended a positive week higher on very light summer volumes in advance of Jerome Powell’s main event today in Jackson Hole. The US dollar was weaker overnight, though whether the US Fed cuts…
Sullivan expected to lay groundwork for Biden-Xi meeting during China trip
White House national security adviser Jake Sullivan will travel next week to China, where he will discuss key global issues and look to set up another meeting between President Biden and Chinese leader Xi Jinping.
China to ‘vigorously, orderly’ expand sales of finished homes in property-sector overhaul
A successful trial in Zhengzhou will be expanded nationwide to give developers and projects ample funding, and to compensate homebuyers if developers go under.
China’s property market harbors great growth potential: ministry
Speaking at a press conference on Friday, Ni Hong, minister of housing and urban-rural development, said that China will focus on the task of providing the public with good housing, while revamping …
Sexy outfits worn by China shop boss over-excite men, spark rowdy scenes, force closure
A woman shop boss in China ignited a public scandal by wearing dresses that locals thought were too racy for a supermarket, which attracted crowds of excited men and she has been forced to close…
China’s Top Consumer Earnings Show Stocks Recovery Is a Ways Off
One by one, China’s biggest consumer companies are reporting revenue misses, upsetting expectations for a market recovery to take hold.
China’s stock woes: funds shun equities for bonds, ETFs, luxury homes in downbeat market
Chinese investors shun stocks amid economic uncertainty, preferring bonds, ETFs and luxury homes. Optimism is low despite government efforts to boost market confidence.
Beijing warns Manila over army build-up
The Philippines could “stir up trouble” at yet another “Chinese” island in the South China Sea, China’s state-backed Global Times reported, after what it said were Manila’s “provocative intrusions” …
