“Exports will likely become a growth drag this year after being a growth driver last year,” Nomura said in a note. China’s June trade surplus is forecast at $109 billion, up from $103.22 billion in…
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Chinese banks stumble on Beijing’s consumer lending push
Chinese banks are struggling to comply with new Beijing guidelines to boost consumer credit as they reel from a surge of defaults on personal loans and have a hard time finding households in good …
China offers to help resolve Thailand, Cambodia border dispute
China urged Cambodia and Thailand to resolve their border dispute through friendly dialogue, offering to play a constructive role by upholding an “objective and fair” position, its foreign ministry …
Saudi oil exports to China to rise to over two-year high in August, sources say
Saudi Arabia’s crude oil exports to China are set to rise to the highest in more than two years in August, five trade sources said on Friday, as the top exporter seeks to regain market…
Albanese will meet with Xi next week on a trip focused on Australia-China business ties
Australian Prime Minister Anthony Albanese will meet with China’s leader Xi Jinping on a trip he says will focus on closer business ties.
China’s Chery, BYD may have to repay subsidies after audit finds irregularities
China’s Chery (CHERY.UL) and BYD improperly claimed a combined $53 million in government subsidies for eco-friendly vehicles sold in the five years to 2020, accounting for nearly 60% of improper …
China earns praise for Africa’s green transition
Meanwhile, China’s green finance, often extended through concessional loans, plays a significant role in supporting large-scale renewable energy and infrastructure projects in Africa, Fu said. However …
China food-delivery war takes $128 billion bite from Alibaba
Its shares have plunged 28 per cent from a March high, nearly double the loss of China’s other tech giants. Read more at straitstimes.com. Read more at straitstimes.com.
Rubio to meet China’s Wang Yi in Malaysia amid trade tension
U.S. Secretary of State Marco Rubio will meet Chinese Foreign Minister Wang Yi in Kuala Lumpur on Friday, the State Department said, in what will be the first in-person meeting of the two counterparts …
China’s 100K TPS blockchain, Japan’s Minna Bank eyes Solana: Asia Express
China’s Chang’an blockchain hits 100K TPS — but don’t mention “crypto”, Japan’s Minna Bank looks to issue stablecoins on Solana, Asia Express …
China’s cloud services spending hits US$11.6 billion in first quarter on AI-related demand
Alibaba leads the market with a 33 per cent share, followed by Huawei and Tencent with shares of 18 per cent and 10 per cent, respectively.
China expert Leland Miller announced as keynote speaker at FreightWaves’ Future of Freight Festival
FreightWaves has announced that Leland Miller, CEO of China Beige Book International, will deliver a keynote address at the upcoming Future of Freight Festival (F3) this November. The event, a premier …
‘Restrainers’ Urge Trump to Scale Back US Troops on China’s Doorstep
The redeployments would encourage allies to shoulder more of their defense and leave U.S. forces less vulnerable to mass missile attacks, the analysts say.
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