The People’s Bank of China held the one-year loan prime rate at 3.35% and the five-year LPR at 3.85%. The two key interest rates were each cut by 10 basis points in July.
Monthly Archives For August 2024
China’s gold imports tumble again as prices deter buyers
according to customs data released yesterday. That follows an even sharper decline in June, when shipments plunged 58% from the previous month. China’s voracious appetite for the precious metal, which …
The diary Beijing doesn’t want the public to read
Li Rui, once a top Chinese official and a personal secretary to Mao Zedong, kept detailed diaries, critiquing seven decades of communist rule in China. Li donated the diaries to Stanford University.
China promises to help Fiji tackle climate change as Beijing seeks greater Pacific role
President Xi Jinping made the pledge along with promises of economic support in a meeting with Prime Minister Sitiveni Rabuka …
China property
Losses in China’s property market are set to continue into the first half this year, after China Vanke raised an alarm last month. On average, earnings could decline by 19 per cent, broker CGS …
China’s courier industry warned over spy threat amid national security drive
Ministry of State Security urges vigilance when sending and receiving goods, giving examples of document leak and biohazard threats.
U.S. clinical trials in China questioned by U.S. lawmakers
A bipartisan group of lawmakers on Tuesday called on the Biden administration to ramp up scrutiny of U.S. clinical trials conducted in China, citing the risk of intellectual property theft and the …
Lawmakers Urge Stricter Scrutiny on U.S. Clinical Trials in China
A bipartisan group of U.S. lawmakers has called on the Biden administration to increase scrutiny of clinical trials conducted in China. They cite risks of intellectual property theft and forced …
China Deals Trade Blow to Russia
Nervous exporters seeking new routes are but one of the headwinds buffeting Russia-China trade in recent weeks.
China Tightens Grip on Crypto Games Amid AML Lockdown
The Supreme People’s Court and Supreme People’s Procuratorate expanded the definition of money laundering to include crypto, online game coin …
Flu Cases Were Four Times Higher in China in June Than Year Ago
(Yicai) Aug. 19 — The number of influenza cases in China soared four-fold in June from a year earlier, according to the latest official data. Influenza, including adenoviruses, resulted in 315,000 …
Taiwan Test-Fires Missiles Amid China Threat
Among the missiles was the indigenously developed Sky Bow 3, designed to engage threats such as aircraft, cruise missiles and short-range ballistic missiles.
Sunac China warns of $2 billion half-year loss on property market downturn
China’s property sector, a cornerstone of the country’s economy, has been in a rough spell since 2021 as a regulatory drive on developers using excessive leverage caused a liquidity crisis.
