Singapore’s high cost is among the reasons given by Chinese tourists for picking other destinations. Read more at straitstimes.com.
FINANCE
China unveils new policies supporting NEV sector, encourages firms to expand overseas
Chinese authorities on Wednesday announced a series of supporting policies to boost quality development of new-energy vehicles (NEVs) with total tax breaks amounting to 520 billion yuan ($72.3 billion …
Zambia has struck a debt deal with China and other major creditors. How will it work?
Beijing is the African country’s biggest bilateral lender and has not taken any haircuts as part of the agreement.
Declassified report shows Covid-19 origins remain a mystery, despite Wuhan lab researchers falling sick in 2019
US intelligence agencies weren’t able to determine whether researchers at laboratory in Wuhan, China, who fell sick in the fall of 2019 were infected with Covid-19, which soon spread around the world, …
China Construction Bank issues 295.5B yuan of loans to bolster transportation
China Construction Bank, one of the country’s largest state-owned commercial banks, said it had issued 295.5 billion yuan (about 41.2 billion U.S. dollars) of loans to support the country’s …
CGTN: China pledges practical support for developing countries at global financing summit
China would continue to take practical steps to support its fellow developing countries, Chinese Premier Li Qiang said on Friday at the closing ceremony of the Summit for a New Global Financing Pact …
China’s green finance development in the fast lane
Green finance aims to finance the development of sustainable industries as well as the low-carbon transformation of traditional ones. At the 14th Lujiazui Forum held in Shanghai, Yi Gang, governor of …
China’s Biggest EV Push Yet: A $72 Billion Package To Supercharge Demand
Vice Minister of Finance Xu Hongcai stated in a press briefing that cumulative NEV tax breaks amounted to more than 200 billion yuan ($27.8B) as of 2022. The 520 billion yuan package is the biggest…
Beijing is on the prowl for anyone bearing bad news overseas
Risk consultants are just latest target of information crackdown …
Economic Watch: China’s green finance development in the fast lane
China has seen the development of green finance enter the fast lane playing a vital role in the country long-term pursuit of low-c …
Morgan Stanley says A.I. in China is at an inflection point — and names 3 stocks to play it
China’s artificial intelligence evolution is at an “inflection point” — and the country is catching up with the U.S., according to Morgan Stanley. In fact, the bank estimates there’s a $7.4 trillion …
One Year After a Landmark Green Finance Policy, Can Chinese Banks Go Green?
Chinese banks have been the last resort of projects too toxic for other lenders to touch. Can the Green Finance Guidelines force a change?
Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in loans, French say
Zambia and its government creditors, including China, have reached a deal to restructure $6.3 billion in loans, the French government announced Thursday on the sidelines of a global finance summit in …