[Photo/Xinhua] BEIJING – China’s top economic planner unveiled a three-year action plan on Monday to create a first-class business environment in the Beijing-Tianjin-Hebei region, especially the Xiong …
Monthly Archives For August 2024
Shenzhen puts big bucks into university project
The southern boomtown of Shenzhen, Guangdong province, is set to invest approximately 6 billion yuan ($840 million) in the initial construction phase of the new Shenzhen Ocean University campus, with …
China Approves Record 11 New Nuclear Power Reactors
China approved 11 nuclear reactors across five sites Monday, a record amount of new permits as the nation leans even more heavily on atomic energy to support its push to eliminate emissions.
China’s shipbuilders are teasing a new coast guard ‘mothership,’ and there’s talk it could be an aircraft or drone carrier
A state-owned Chinese shipbuilder said it’s debuted the design of a “mothership” for its coast guard. Military bloggers in China speculate that it might be an aircraft carrier or a drone platform for …
US condemns ‘dangerous actions’ by China against Philippine vessels
The U.S. State Department condemned “dangerous actions” by China on Monday against Philippine vessels in the South China Sea.
China’s housing may get extra help by July’s end as policymakers strive to reverse slump
More measures to revive China’s property sector and the economy are likely at this month’s Politburo meeting, after the third plenum pledged to overhaul the industry, according to analysts.
Zespri scores a victory in China against counterfeit use of brand property
The leading kiwifruit marketer in the world, Zespri scored a victory in its defense of the firm’s intellectual property rights in China.
China keeps loan prime rate unchanged after surprise cut in July
Investing.com– The People’s Bank of China kept its benchmark loan prime rate unchanged on Tuesday after a surprise cut in July, with Beijijng maintaining ultra-loose monetary policies to help support …
China leaves key lending benchmarks unchanged, as expected
China left benchmark lending rates unchanged at a monthly fixing on Tuesday, in line with market expectations. The one-year loan prime rate (LPR) was kept at 3.35%, while the five-year LPR was unchanged at 3.
Asia-Pacific markets mostly set to rise; China loan prime rates and RBA minutes in focus
China’s central bank will announce its one-year and five-year loan prime rates today, with a poll of economists from Reuters expecting that rates will be left unchanged. Investors will also be assessing minutes from the…
China Unleashes Rapid Drop in New-Home Prices With Relaxed Curbs
A price war is spreading across China’s new-home market, as local governments dial back on intervention and developers race to recoup cash. In Beijing, a sudden 18% price cut in May at a mid-sized residential…
China, US enhance links to boost financial stability
[Photo/Sipa] The world’s two largest economies are strengthening financial cooperation through the China-United States Financial Working Group, in order to jointly address the new challenges brought …
China, U.S. to set up contact group for any future ‘financial stress events’
China’s central bank said a meeting in Shanghai produced an agreement with the U.S. Treasury to appoint contact people to deal with any future “financial stress events,” a rare example of the world’s …
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