BEIJING, Feb. 20 (Xinhua) — China’s automobile exports jumped 47.4 percent year on year in January this year, industry data showed. A total of 443,000 vehicles were exported during the period, …
BUSINESS
Lantian Takes Swipe At IPO, But Slow Growth May Dampen Its Prospects
Lantian Group has filed to list in Hong Kong, reporting its profit rose 13.8% year-on-year in the first nine months of 2023 to 44 million yuan The company is still a relative baby in China’s…
In rare move, China vows to heed market criticisms to avert $5 trillion rout
China’s securities regulator said it will take heed of all suggestions, even criticism, from market participants and address their concerns promptly, a rare gesture that underlines its resolve to …
China’s Cross-Border E-Commerce: 2023 Performance and 2024 Outlook
China saw a 15.6% surge in cross-border e-commerce import-export volumes in 2023, facilitated by pilot CBEC zones and Silk Road e-commerce.
‘Too thrilled to sleep’: China small business owner, 28, scoops US$96 million lottery jackpot, largest win in country’s history
Buys 133 tickets, 2 yuan each, bets same 7 numbers, each wins US$725,000 Exceeds previous US$80 million jackpot win by Beijing man in 2012 A 28-year-old man in China has won a 680-million-yuan (US$96 …
Chinese local authorities warn public of crypto-related scams amid broader crackdown
Authorities in Dalian alerted investors about illegal fundraising scams disguised as crypto or metaverse investment opportunities.
Airbus CEO Dismisses China’s Comac C919 Threat: ‘Not Going To Rock The Boat’
Christian Scherer, the CEO of Airbus’s commercial aircraft business, has expressed his confidence in the face of emerging competition from China’s Comac C919. Scherer believes that the new entrant …
China’s middle class crying out for reform to restore confidence
The middle class has long been seen as the core of China’s future prosperity, but a depressed stock market and home values are sapping their confidence The nation is at a critical juncture when …
China regulatory chief’s appointment indicates investor confidence, market reforms are top of the agenda
Wu Qing, a veteran official with experiences across regulators and exchanges, has a background that contrasts with predecessors who were mostly SOE banking experts Days after his appointment, the CSRC …
China and Russia both think Trump is an ‘easy mark’ to exploit, Trump-era national security adviser says
“The only question in my mind if Trump is reelected is whether the bigger celebration will be in the Kremlin or in Beijing,” said John Bolton.
Fears over China seeking military advantage from ASML tools underlies export blocks, says Dutch trade minister
Fears that ASML’s computer chip equipment will be used for Chinese military ends underlie recent government decisions to deny the company export licences …
Electric Vehicles In China: 10 Key Differences And Why It Matters For The U.S.
America’s electric vehicle industry may have a head start, but China is coming up quickly, penetrating international markets and selling their EVs for less.
China central bank cuts benchmark lending rate to boost economy
China’s central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to boost its flagging growth. But that, and recent announcements including central bank …
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