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Monthly Archives For December 2024
Satellite Photos Show China’s Warships in Naval Standoff
Chinese and Taiwanese warships were spotted in a standoff in the contested waters near Taiwan on Tuesday as China continued its “extremely rare” large-scale exercises at sea. Newsweek’s map …
China may bank on balance-sheet expansion, not interest rate cuts, for growth: economist
While Beijing is unlikely to implement universal consumption subsidies, officials may try to boost spending by raising incomes, according to Nomura’s Lu Ting.
Dollar gains ahead of CPI, yuan falls as China considers allowing currency to weaken
The dollar gained against European peers on Wednesday (Dec 11) ahead of a highly anticipated reading of US inflation, also boosted by a Reuters report China was considering allowing a weaker currency …
One killed as blast rocks residential building in Shenzhen
One person was confirmed dead after a large boom was heard and a fire broke out Wednesday afternoon in a high-rise building at a residential complex in Nanshan district of Shenzhen, South China’s …
Blast rocks residential building in Shenzhen
At least one person was killed after a powerful blast rocked a residential high-rise building in the Nanshan district of Shenzhen, mainland media …
Hong Kong’s John Lee heads to Beijing for duty visit, set to brief Xi Jinping on Friday
Sources say John Lee to meet Beijing-based Hong Kong business leaders on Thursday, a day before briefing Xi on city’s development.
Taiwan detects 53 Chinese jets, 11 warships in escalating military showdown; urges Beijing to end aggressive war games
Taiwan condemned China’s large-scale military drills near the Taiwan Strait, involving 53 jets and 11 warships, calling them unprecedented and destabilizing
China’s yuan likely to stabilise and strengthen, central bank says
The foundation for a “basically stable” yuan exchange rate remains “solid,” according to an article published by Financial News, the People’s Bank of China’s publication, on Wednesday. The foreign …
Hyundai, BAIC agree to invest $1.1 billion in China joint venture
Hyundai Motor and its Chinese partner BAIC Motor on Wednesday agreed a fresh investment of $1.1 billion in their joint venture that produces and sells Hyundai cars in China, BAIC said in a statement.
Beijing considers weaker yuan as trade risks loom: Sources
China’s top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher trade tariffs in a second Donald Trump presidency in the United States.
Zetrix and Astron Launch Enhanced China Digital IDs to Combat Online Identity Fraud
Zetrix, a layer 1 public blockchain, announced today an exclusive partnership outside China with Astron-Xinghuo BIF, the international chain of China’s national public permissioned blockchain under …
China’s Tesla Model Y rival set to arrive in the UK
Chinese car maker Xpeng has confirmed its entry into the UK market. Xpeng’s first cars will go on sale in time for the new 25 registration plate in March next year. Founded in 2014, Xpeng…