China’s finance ministry has dipped into next year’s budget to hand over 400 billion yuan ($59.7 billion) to local governments to cover the cost of tax breaks and fee cuts designed to give businesses …
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China plans to airdrop digital Yuan to improve its economy
China plans to airdrop digital Yuan worth around $30 million to improve its economy and increase public spending.
Bitcoin rallies above $30 000 as China eases Covid curbs
The largest cryptocurrency was up 5.2% to $30 687 at 2:21 p.m. in New York, its biggest increase since May 15.
Powell to meet Biden
USD rises amid Fed speak, higher UST yields and German inflation data; Month-end also in focus; Powell to meet Biden. General trend – US markets return from ho …
Airbnb Is Closing Its Domestic Business in China. Rival Apps Are Very Popular.
China’s splintered and chaotic homestay sector features numerous local players who understand the market better than outsiders.
China’s factory activity decline slows as Covid-19 curbs ease
China’s factory activity fell at a slower pace in May as Covid-19 curbs in major manufacturing hubs were relaxed, but movement controls continued to weigh on demand and production, raising doubts …
Shanghai moves toward ending 2-month COVID-19 lockdown
Shanghai authorities say they will take some major steps Wednesday toward reopening China’s largest city after a two-month COVID-19 lockdown.
Taiwan scrambles jets after China makes largest incursion into air defence zone since January
China has almost doubled its incursions this year, as it attempts to keep island under pressure …
Decline in China’s factory activity slows as COVID curbs ease
China’s factory activity fell at a slower pace in May as COVID-19 curbs in major manufacturing hubs eased, but movement controls continued to weigh on demand and production, raising concerns about …
China manufacturing improves as virus curbs eased
Chinese manufacturing activity started to rebound in May after the government eased anti-virus restrictions that shut down Shanghai and other industrial centers, an official survey showed Tuesday.
China sends 30 warplanes into Taiwan air defence zone
Taiwan says it deployed fighter jets to warn off 30 warplanes sent by China into its air defence zone. The incident on Monday marked the biggest incursion since January. It came days after US …
China vows new financial tools to support drive to carbon neutrality
China’s government said it will expand its range of financial tools and make greater use of fiscal and taxation policies to support the shift towards carbon neutrality.
Richard Li-Backed Insurer FWD Said to Postpone Hong Kong IPO
FWD Group Holdings Ltd., the Asian insurer backed by billionaire Richard Li, has decided to postpone its Hong Kong initial public offering due to market volatility, according to people familiar with …
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