This photo taken on Nov. 3, 2023 shows the south square of the National Exhibition and Convention Center (Shanghai), the main venue for the sixth China International Import Expo (CIIE), in east …
Monthly Archives For September 2024
Why China-based automotive manufacturers are not worried about Biden’s EV trade war
The Biden Administration announced in May that it would be increasing tariff rates on China-based products including semiconductors and electric vehicles (EVs). USTR claimed that the increased tariff …
10-year-old student at Japanese school in China dies after being stabbed
Tokyo demanded that Beijing take “all possible measures” to ensure the safety of Japanese nationals after the attack, the second near a Japanese school in China in recent months.
China Keeps 2024 Fuel Export Quota Level Similar to Last Year
China issued the third and what’s likely to be the final batch of fuel export quota for this year, keeping the level very similar to 2023 in a sign it doesn’t want to encourage refiners…
US arm sales to Taiwan violate “One China Principle,” China says
U.S. arms sales to Taiwan have seriously violated China’s “One China Principle” and provisions of joint communiques between China and the U.S., Zhang Xiaogang, a spokesperson for China’s defence …
China keeps loan prime rate unchanged in Sept
Investing.com– The People’s Bank of China kept its benchmark loan prime rate unchanged on Friday, but is expected to eventually trim the rate further amid steadily deteriorating economic conditions …
China Market Update: Powell’s Rate Cut Powers Asia & China Higher
Asian equity markets were nearly universally higher overnight after the US Fed cut rates by 0.50%, despite a lackluster reaction on Wall Street.
China Faces Struggles in Developing Domestic Nvidia Rival
Chinese companies are ramping up their efforts to develop an alternative to Nvidia’s AI chips, but significant hurdles remain. The U.S. sanctions, coupled with Nvidia’s dominance in AI chip technology …
China Faces Struggles in Developing Domestic Nvidia Rival
Chinese companies are ramping up their efforts to develop an alternative to Nvidia’s AI chips, but significant hurdles remain. The U.S. sanctions, coupled with Nvidia’s dominance in AI chip technology …
The rise of China’s EV industry: a global power shift
China’s rise in the EV sector is no accident. Through vast investments in infrastructure, and a commitment to green technology, the country has nurtured an ecosystem where EV manufacturers thrive. By …
People’s Bank of China unexpectedly holds LPR rates steady in September
The People’s Bank of China kept its one- and five-year loan prime rates unchanged at 3.35% and 3.85%, respectively, on Friday, as expected, to help the economy recover. Both rates remain at record …
China’s Banks Maintain Key Lending Rates as PBOC Stays on Pause
Chinese banks maintained their benchmark lending rates for September, as policymakers hold off on further monetary stimulus while financial institutions struggle with record-low profit margins.
Chinese broker Yuanbao files IPO in US
Chinese insurance broker Yuanbao filed for an initial public offering (IPO) in the US on Tuesday, reported Reuters. The IPO market in the US is seeing a revival after a prolonged slowdown, boosted by …
