Chinese banks extended 260 billion yuan ($36.26 billion) in new yuan loans in July, down from the previous month and undershooting analysts’ forecasts, highlighting weak demand as a prolonged property …
Monthly Archives For August 2024
Photo Shows China’s New Electronic Warfare Drone Flying Near US Ally
The drone spotted by the Japanese air force features an electronic intelligence pod carried under the fuselage with blade antennas underneath the nose.
China new loans drop more than expected in July on weak demand
China’s bank lending tumbled more than expected in July, dragged down by tepid credit demand and seasonal factors even as the central bank vowed to step up policy support for the economy. Chinese banks extended…
China pledges billions more in funds to aid disaster-stricken farm regions
China’s central bank said on Tuesday it will provide an additional 100 billion yuan ($14 billion) to banks to support rebuilding areas devastated by floods, after recent extreme weather damaged around …
Huawei readies new AI chip to challenge Nvidia in China, WSJ reports
China’s Huawei Technologies is close to introducing a new chip for artificial intelligence use to challenge Nvidia in China amid U.S. sanctions, the Wall Street Journal reported on Tuesday, citing …
Beike’s second-quarter profit jumps 13.9% in surprise defiance of China’s property slump
Adjusted net profit rose 13.9 per cent to 2.7 billion yuan (US$377 million) in the second quarter, beating the 1.8 billion yuan expected by analysts in a Bloomberg poll KE Holdings, the operator of …
China files EU tariffs complaint with WTO
The Chinese government has filed a complaint with the World Trade Organisation (WTO) over the European Union’s (EU) imposition last month of additional import tariffs on battery electric vehicles …
China is on track to overtake France and the United States as the world’s leading source of atomic power
China is on track to overtake France and the United States as the world’s leading source of atomic power, a significant milestone in the global energy landscape, Bloomberg reports. The country’s rapid …
China’s Credit Growth Weaker Than Expected Despite PBOC Easing
(Bloomberg) — China’s credit expanded less than expected in July despite the central government’s monetary easing, during what’s traditionally a weak month for financing activities. Most Read from …
General Motors is cutting staff in China as it eyes a restructuring in the world’s largest auto market
The American automaker is competing against Chinese EV makers that are prioritizing production over profit as they try to gain more market share.
China’s investors, sick of ailing returns, see traditional Chinese medicine as a cure
Common ingredients used in TCM have seen their prices surge in recent years as users stockpile supplies and available farmland grows scarce Frustrated by a battered stock market and a housing bubble …
Beijing’s spy agency ‘destroyed large number’ of Taiwan intelligence networks
State security ministry says more than 1,000 cases of Taiwanese espionage were uncovered in crackdown, with spies ‘severely punished’ Beijing’s top spy agency says it has uncovered more than 1,000 …
Factbox-How China is trying to cool a runaway bond rally
China’s long-dated sovereign bonds have surged as investors seek safety from a slowing economy and volatile stock markets. The rally has pushed yields to record lows, however, and authorities have …
