He Lifeng has a direct line to President Xi Jinping and is a gatekeeper to the world’s second-largest economy.
Monthly Archives For October 2024
China’s steel exports face headwinds, expected to drop in 2025 after hitting eight-year high
Steel producers in China face a double-whammy of mounting overseas tariffs and weakened domestic demand at home.
As North Korea, Iran and China support Russia’s war, is a ‘new axis’ emerging?
The thousands of North Korean troops US intelligence say arrived in Russia for training this month have sparked concern they will be deployed to bolster Moscow’s battlefront in Ukraine.
Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs
A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months.
China’s Jan-Sept apparent steel consumption down 6.2% y/y
China’s apparent steel consumption in the first three quarters of 2024 slid 6.2% year-on-year to 688 million metric tons, the state-backed China Iron and Steel Association (CISA) told reporters on …
China’s Central Bank Holds Key Policy Steady
The People’s Bank of China kept a key policy steady, a widely expected move after officials made a flurry of rate cuts last month to support the ailing economy.
China central bank conducts medium-term loan operation, with rate unchanged
China’s central bank conducted a medium-term loan operation on Friday while keeping the interest rate unchanged. The People’s Bank of China (PBOC) issued 700 billion yuan ($98.36 billion) worth of one …
China Refrains From Cutting Policy Rate Following Record Trim
China’s central bank kept its one-year policy rate unchanged, after slashing funding costs by the most on record a month ago, suggesting authorities are cautiously pacing monetary stimulus to support …
Pulp Giant Suzano Sees Business in Top Buyer China Bottoming Out
Suzano SA, the world’s largest pulp supplier, said the “most challenging scenario ever” in top importer China is showing some signs of stabilization after further eroding in the third quarter.
Australia’s leader rejects Beijing’s claims that his country is rife with ‘racism and hate crimes’
Australia’s Prime Minister Anthony Albanese has rejected accusations from Beijing that his country is “plagued by systemic racism and hate crimes” after an Australian diplomat led a group of Western …
Beijing unveils tourism action plan
Beijing unveiled an action plan to drive high-quality growth in the tourism industry on Thursday during a conference, aiming at building the capital into a world-class tourism city and a global …
Huawei staff arrives at new mega-campus, hub of China’s tech drive
The sprawling research and development complex is set to play an important role in the nation’s push towards self-reliance Huawei Technologies has opened a massive campus in a suburb of Shanghai, which serves as a…
Biden makes clear AI can’t launch nukes as he looks to harness new technology’s power
President Joe Biden on Thursday ordered his national security agencies to harness new, powerful artificial intelligence technology in a bid to compete with rivals such as China while also applying guardrails to prevent its use…
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