China’s central bank injected $70 billion worth of cash into money markets this month via a newly established policy tool to ease liquidity stresses in the fragile economy.
Monthly Archives For October 2024
Hong Kong Unveils AI Policy for Finance, Floats Tax Breaks for Crypto
Hong Kong outlined its first policy guidelines dedicated to the use of AI in finance and floated a tax break for virtual assets, part of efforts to promote itself as an Asian business center.
Biden finalizes crackdown on US military tech investments in China with one week to lame duck session
The Treasury Department finalized a crackdown that will prevent the U.S. from investing in the development of military technologies in China this week. Hawks say the rule is “long overdue” and not broad enough, while…
100 Sinologists from over 40 countries meet in Beijing
The Institute for Global South is announced to be established at the Beijing forum under the Second World Conference of Sinologist on Wednesday. [Photo provided to chinadaily.com.cn] Duan Peng, the …
China’s Oct factory, services activity break back into expansion
China’s manufacturing activity in October expanded for the first time in six months, an official factory survey showed on Thursday, supporting policymakers’ optimism that recent fresh stimulus will …
Why China Won’t Give Up on a Failing Economic Model
China’s most pressing short-term economic challenge is weak domestic demand, driven by a lack of consumer confidence. When Chinese consumers refuse to spend, they hoard cash, creating a savings glut …
China’s big banks post Q3 profit gains, squeeze on net interest margins
The Bank of China (BoC) , the Bank of Communications and CCB reported quarterly net profit gains of 4.38%, 1.2% and 3.79%, respectively. ICBC rose 0.2% in Shanghai on Thursday morning after the …
5 amazing Shenzhen art and architectural spots that show the Chinese city in a new light
An art museum, a Gaudi-inspired architectural marvel and an art-strewn mall are among venues that show off the Chinese tech hub’s arty side.
Bitcoin Demand To Surge As China Implements ‘Monetary Chemotherapy,’ Arthur Hayes Predicts
Arthur Hayes, co-founder of BitMEX, anticipates a surge in Chinese demand for Bitcoin (CRYPTO: BTC) as Beijing leans towards aggressive monetary stimulus to combat the effects of its
How Volkswagen Lost Its Way in China
A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market it led for 40 years.
Chinese smartphone maker Honor announces new investors
Chinese smartphone maker Honor announced on Thursday new investors that included China Telecom and a unit of CICC Capital Corp, almost a year after it said it was planning an initial public offering …
Upcoming CIIE bringing benchmark tech to China
The CIIE is a great platform that fosters global collaboration and opens new opportunities in the Chinese market. Six consecutive years of participation reflects German pharmaceutical company …
Chinese smartphone company Honor gets new investors as it gears up for IPO
Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering.
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