China’s steel output slumped in July and is likely to continue to fall in coming months as mills struggle for profits amid sluggish demand and look to comply with government guidance that ensures …
Monthly Archives For August 2024
China’s July oil imports from top supplier Russia fall 7.4% from a year ago
China’s crude oil imports from top supplier Russia fell in July by 7.4% from a year earlier, official data showed on Tuesday, in line with a broad decline in Chinese refiners’ purchases that were …
Switzerland Is Getting Squeezed Between China and the US
Back in 2013, several dozen Swiss business representatives traveled to Beijing to attend the signing of a free-trade agreement between Switzerland and China, toasting the success with champagne.
China’s Gold Imports Tumble Again as Record Prices Deter Buyers
Chinese consumers continued to pull back on gold purchases last month, as record prices and a sustained economic slowdown curbed demand in the world’s biggest bullion-buying nation.
China now is a trailblazer in scientific research and innovation: scientists
China has ramped up efforts to accelerate scientific research and innovation lately. Aided with the state-of-the-art research facilities, a vast and skilled group of young and experienced researchers, …
Chinese property developer Kaisa, bondholders agree to restructure offshore debt
Chinese property company Kaisa Group on Tuesday (Aug 20) announced an offshore debt restructuring agreement with a key group of bondholders, swapping existing debt into new notes and shares in the …
China plans ‘bigger, stronger’ social security fund to aid ageing society
China will beef up its 2.88 trillion yuan ($406 billion) social security fund, making it “bigger and stronger” to help support its rapidly ageing population as the number of new births and younger …
China holds lending rates steady, focuses on bank stability amid economic slowdown; PBOC signals caution
The decisions reflect a balancing act by China, after PBOC Governor Pan Gongsheng said last … would strike a balance between supporting growth and ensuring the health of financial institutions. That …
China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
China’s Supreme Court and public prosecutor have revised their interpretation of the country’s Anti-Money Laundering (AML) laws — now recognizing “virtual asset” transactions for the first time. The …
China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
China’s Supreme Court and public prosecutor have revised their interpretation of the country’s Anti-Money Laundering (AML) laws — now recognizing “virtual asset” transactions for the first time. The …
Chinese Ethereum And ‘Super’ AI Token Emerge As Crypto Market’s Best Performers With Double-Digit Gains
Neo and Artificial Superintelligence Alliance hogged the limelight Monday, emerging as the market’s best-performing cryptocurrencies.
Stopping the Next China Shock
Western analysts expected that China would have to shed its statist, market-distorting policies to meet the commitments it made on entering the WTO. Democratic reforms, it was believed, would quickly …
Philippine says China coast guard’s actions at shoal not helping confidence building
The actions by China’s coast guard against Philippine vessels near the Sabina Shoal in the South China Sea were illegal and “do not contribute to confidence building”, a Philippine maritime council …
