China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemic-ravaged economy, adding it will inspect how …
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Influence Nodes: China’s High-Profile Global Development Projects
Governments around the world, including that of the United States, have grown increasingly anxious about the nature and impacts of Chinese-financed global development projects. One source of concern …
China Unveils Car Tax Cut Details in Bid to Boost Spending
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergStocks Trim Gains as Inflation Concerns Increase: Markets WrapNATO Should Think …
Philippines summons Beijing diplomat over South China Sea ‘harassment’
Manila and Beijing have long been locked in a dispute over areas of the South China Sea, almost all of which China insists it has exclusive rights to, rejecting a 2016 Hague ruling that its…
Top Beijing official handling Hong Kong affairs moved to nation’s political advisory body
Zhang Xiaoming, formerly executive deputy director of State Council’s Hong Kong and Macau Affairs Office, now at Chinese People’s Political Consultative Conference.
The sheer size of the China trading relationship is why Australia has to share its feasts and famines with Beijing
Facing economic difficulties, China is prioritising self-sufficiency and reduced dependence on Australian raw materials …
Bitcoin Price Rallies Above $30,000 as China Eases Covid Curbs
Bitcoin rose the most in two weeks, trading above $30,000 as investors and strategists said the digital currency is showing signs of bottoming out.
Shenzhen accelerates economic recovery as more Chinese cities walk out of the shadow of Omicron
The Chinese tech hub of Shenzhen has experienced accelerated economic growth in April with faster industrial output, increased scale of fixed investment and a steadily recovery in consumption, …
Banking sector ratchets up support for economy
BEIJING: As Covid-19 continues to weigh on the world’s second-largest economy, China’s banking sector has added support measures, channeling funds to where they are needed the most. In times of …
Russia could make the dollar less attractive with negative interest rates on deposits to help elevate China’s yuan and other currencies
Sanctions have increased the appeal of alternatives to the dollar and euro, Russia’s central bank said, referring to China’s yuan in particular.
British pound is taking on ’emerging market’ characteristics, Bank of America says
Sterling is in danger of becoming an “emerging market” currency as falling growth and growing risks cause investors to flee the pound, according to Bank of America.
China’s internet on-demand services tumble the most in years amid Covid lockdowns, economic headwinds
Income from on-demand services provided by China’s internet companies dropped over 20 per cent between January and April China’s once-booming internet sector has been hit by a double whammy: Beijing’s …
I’ve been stuck inside for 2 months due to Shanghai’s COVID-19 lockdowns. It’s taken a toll on me.
When Shanghai went into COVID-19 lockdown in March, residents were told it would last five days. Two months later, one told us how hard it’s been.
