China’s exports of both cars and ships hit records in September even as broader shipments slowed, underscoring the rapid changes in the nation’s industry that are fueling global trade tensions.
Monthly Archives For October 2024
China’s Trade Surplus Contracts In September
Export growth slowed to a five-month low of 2.4% year-on-year, while import growth remained little changed at 0.3% YoY. Click to read.
China’s exports to Russia grow in September at fastest pace in nine months
China’s exports to Russia grew 15.7% in September from a year earlier, the fastest pace in nine months and up from a 10.1% gain a month prior, Chinese customs data showed on Monday, following fresh…
Head of Saudi tech institute pledges to limit China AI collaboration
Byrne’s predecessor, Tony Chan, who has now left Kaust, expanded collaborations with China, and there were particular concerns over a joint AI project with the Chinese University of Hong Kong, …
China Banks Weigh Trimming Deposit Rates as Early as This Week, Bloomberg News Reports
(Reuters) – Chinese banks are set to cut rates on 300 trillion yuan ($42.20 trillion) of deposits as soon as this week, Bloomberg News reported on Tuesday, citing people familiar with the matter.
China Banks Weigh Trimming Deposit Rates as Early as This Week, Bloomberg News Reports
(Reuters) – Chinese banks are set to cut rates on 300 trillion yuan ($42.20 trillion) of deposits as soon as this week, Bloomberg News reported on Tuesday, citing people familiar with the matter.
China banks mull cutting deposit rates as early as this week
CHINESE banks are set to trim rates on 300 trillion yuan (S$55 trillion) of deposits as soon as this week after the latest barrage of stimulus policies further squeeze their profitability, according …
China May Raise $850 Billion in New Debt Over Three Years to Spur Growth, Says Report
BEIJING (Reuters) – China may raise an additional 6 trillion yuan ($850 billion … Since then, the size of the expected fiscal package has been the subject of intense speculation in financial markets. Chinese shares…
CR Beverage Prepares to List With Near $650.0 Million IPO
The Chinese beverage company is testing investor interest in its business with a nearly US$650 million Hong Kong listing, taking advantage of growing risk appetite for new equity offerings in one of …
China launches massive war games around Taiwan
China launched a large military drill surrounding Taiwan to warn against independence. NBC News’ Janis Mackey Frayer reports on the growing tensions.
China’s top private firms cut jobs, await greater support to allay anxieties
All-China Federation of Industry and Commerce report shows China’s top 500 private enterprises cut 314,600 jobs in 2023 compared to a year earlier.
China’s big fiscal stimulus package is coming
A briefing by China’s Ministry of Finance might have been short on detail, but it did enough in outlining China’s plans to recapitalise its big banks and shore up over-stretched local government finances to settle…
Kraft Heinz celebrates 40 years in China: transforming for the future
In 2020, Kraft Heinz moved its Asian headquarters from Singapore to Shanghai. This reaffirms Kraft Heinz’s long-term commitment to the Chinese market and its dedication to serving the needs of its consumers while underscoring the…
