HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world’s second-largest economy, …
Monthly Archives For November 2024
Shenzhen to get multi-entry visas for HK from Sunday
More than 10 million people in Shenzhen will be allowed to visit Hong Kong as many times as they like from December 1, the authorities said on …
U.S. citizen sentenced for spying for Beijing highlights reach of China’s security service
China has emerged as the most prolific intelligence threat to U.S. having engaged in corporate espionage, intellectual-property theft, and personnel information breaches going back decades.
China’s aging population fuels ‘silver economy’ boom, but profits can prove elusive
Every Wednesday, retiree Zhang Zhili travels an hour by bus to an education center, drawn by the pulsing rhythms of the African drum she plays there in a classroom filled with fellow retirees whose …
China’s Wanda aims to create fund of up to $12.4 billion, Bloomberg News reports
Chinese property giant Dalian Wanda has told some investors it plans to establish a fund of about 50 billion yuan to 90 billion yuan ($6.91 billion – $12.44 billion) to pay taxes and debt, Bloomberg…
3 Americans detained in China are released in prisoner swap and are back in U.S.
The State Department announced the release of Mark Swidan, Kai Li and John Leung. A U.S. government official told NBC News the three were exchanged for two Chinese detainees.
China’s Local Governments Hold Back Wages in Desperate Scrape for Cash
Beijing’s recent attempt to address the trillions in hidden debt held by local governments only scratches the surface.
China’s home prices set to stabilise by 2026 after slower falls – Reuters poll
China’s home prices are expected to fall at a slower pace this year and next, and stabilise in 2026, a Reuters poll showed, as a slew of support measures to reverse a years-long property slump…
Xi Jinping’s military purge is bleeding into his elite circle of generals commanding China’s forces
An icon in the shape of a lightning bolt. Impact Link A top-ranking admiral in China’s Central Military Commission — the highest body commanding its forces — has been placed under investigation, the country’s defense…
China’s Nov manufacturing activity seen expanding for second month: Reuters poll
China’s factory activity likely expanded modestly for a second straight month in November, adding to a string of recent data suggesting that a blitz of stimulus is finally trickling through and giving …
Starbucks coffee in China is better served to-go
Starbucks boss Brian Niccol faces conflicting challenges at opposite ends of the planet. Chinese consumers want a steady flow of new beverages, an approach that has caused trouble at U.S. stores. Focusing on the company’s…
CIO: markets are too short-term focused, overlook the entirety, timeliness and the size of China’s stimulus
Deutsche Private Bank’s Stefanie Holtze-Jen says China’s cornerstone policies of tax reforms and land reforms will help set structural reforms in motion.
Tariffs may be just the start of U.S.-China disputes in a second Trump term
Experts say the future of U.S.-China ties will depend on the extent to which Trump follows through on his tariff threats, as well as how strongly he is influenced by hawkish advisers.
