Will Beijing be able to dramatically slash carbon emissions, or will it just let them plateau? The answer has huge implications for the climate.
Monthly Archives For December 2024
China’s Credit Growth Unexpectedly Slows Despite Stimulus Effort
China’s credit expansion unexpectedly slowed in November from a year ago despite strong government bond sales and stimulus measures, underscoring faltering demand for financing. China’s struggling economy has rebounded modestly in recent weeks on the…
China signals it’s prepared to double down on support for the economy as Trump tariffs loom
Chinese leaders met this week to plot economic policy for the coming year and sketched out plans to raise government spending and relax Beijing’s monetary policy …
Suspected Chinese spy with business ties to Prince Andrew barred from UK
A suspected Chinese spy with business ties to Prince Andrew has been barred from the U.K. because of concerns he posed a threat to national security
China sets up AI standards committee as global tech race intensifies
China’s industry ministry will set up an artificial intelligence standardisation technical committee focusing on developing industry standards in areas such as large language models and AI risk …
China central bank promises to keep yuan exchange rate stable
BEIJING, Dec 13 (Reuters) – China will firmly prevent overshooting risks of the yuan exchange rate and keep the rate basically stable, its central bank said on Friday, state media reported. The People …
Global markets wobble as China’s plans fall flat, Fed rate cut looms
A sense of unease has washed over European stock futures, mirroring a downturn in Asian markets. This synchronized slide comes in the wake of a Chinese economic conference that failed to ignite the …
Sexy Tea Is Said to Plan US IPO Instead of Listing in Hong Kong
Hunan Chayue Cultural Industry Development Group Ltd., also known as Sexy Tea, is looking to do an initial public offering in the US instead of Hong Kong, according to people familiar with the matter.
China’s Instagram-like app Xiaohongshu expected to top $1 billion profit ahead of potential IPO
Xiaohongshu, a Chinese social platform often likened to Instagram, is expected to double its profit to more than $1 billion in 2024 ahead of a potential …
China signals readiness to mend ties with U.S. ahead of Trump inauguration
Chinese president tries to avoid a trade war through negotiations with Trump team but concessions on key issues are unlikely, experts say.
Trump Targets China with U.S. Bitcoin Reserve – Will This Propel America to Crypto Supremacy?
Trump advocates for a U.S. Bitcoin reserve and aims to enhance AI infrastructure, positioning America as a tech leader.
China’s bond market sees more economic pain ahead
Investors in Chinese bonds head for 2025 betting there will be no miraculous recovery in the economy, putting them at odds with an equities market that has wagered on a revival in consumption.
A top Chinese economist just said what many people suspected: China’s official GDP numbers may not be accurate
China’s GDP growth rate is likely to be between 3% to 4% for the next three to five years, said Gao Shanwen, a prominent economist.
