Chinese banks raised new mortgage costs for the first time in three years, as narrowing margins are dragged down by a persistent property slump and slowdown in the world’s No. 2 economy.
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China’s central bank offers strongest yuan support since July after dollar gains
The People’s Bank of China set the so-called fixing at the strongest bias since July versus the average estimate in a Bloomberg survey on Thursday …
Hyundai is pouring money into struggling China business
Hyundai and BAIC, a Chinese state-owned automobile manufacturer, are doubling down on their China operations, together injecting $1.1 billion into their joint venture, Beijing Hyundai Motor Co. The …
Sinopec forecasts China’s petroleum consumption to peak by 2027
BEIJING, Dec 19 (Reuters) – China Petrochemical Corp, or Sinopec, expects China’s petroleum consumption to peak by 2027 at no more than 800 million metric tons or 16 million barrels per day, the state …
Business leader pushes for domestic manufacturing in light of China’s mineral export bans
China announced earlier this month it would ban the export of gallium, germanium and antimony, among others, to the United States.
Want to visit China? New policy expands visa-free travel to 10 days.
The policy applies to some foreigners, including Americans, who are traveling through China and another country.
China’s Getting a Big Electric Car Battery Swapping Boost in 2025. Would That Work Across the Globe?
China’s Getting a Big Electric Car Battery Swapping Boost in 2025. Would That Work Across the Globe? Detroit (AP) — China will soon see a massive expansion of electric vehicle battery swapping, as global battery…
U.S. begins to retaliate against China over hack of telecom networks
The Commerce Department’s action is a direct response to China’s infiltration of telecom networks earlier this year.
Over 90% foreign travelers use enhanced mobile payment services in China travel: report
A recent study conducted by a research team of the Institute of Silk Road Studies at Beijing Foreign Studies University (BFSU) revealed that foreign travelers in China are experiencing improved mobile payment services. According to…
Beijing and Pyongyang Will Exploit South Korea’s Turmoil
Karishma Vaswani is a Bloomberg Opinion columnist covering Asia politics with a special focus on China. Previously, she was the BBC’s lead Asia presenter and worked for the BBC across Asia and South Asia for…
China: Cyclist crashes into trash bin after stair descent in Beijing, China
On December 17, 2024, in Beijing, China, a man attempting to ride his bike down a flight of stairs, which ends in a crash. In the footage, the cyclist speeds down the stairs but is…
US effort to curb China’s and Russia’s access to advanced computer chips ‘inadequate,’ report finds
The Commerce Department’s efforts to curb China’s and Russia’s access to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons,
Americans can skip a visa to visit China for up to 10 days, but there’s a twist
Under the newly expanded visa-free transit policy, U.S. citizens may enter many parts of China for up to 10 days without a visa, but they must continue on to another country afterward. They can’t just…
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