BEIJING, Aug. 27 (Xinhua) — The Chinese government has recently reiterated its commitment to promoting green finance along the Yangtze River … including the People’s Bank of China and the Ministry …
FINANCE
Losses Worsen for China’s Steel Mills and Crude Oil Refiners
Losses had eased in the previous three months, with the industry approaching breakeven in June. Commodities producers have been among China’s least profitable firms this year, as state-owned …
Beijing targets the boom in bonds
Beijing wants to ward off a growing “speculative frenzy”. The “official explanation” is that banks that pile up bonds are exposing themselves to “huge losses” if rates turn – as America’s Silicon …
Canada slaps 100% tariff on Chinese EVs in trade standoff with Beijing
Sullivan is making his first visit to Beijing on Tuesday. Trudeau said Canada also will impose a 25% tariff on Chinese steel and aluminum. “Actors like China have chosen to give themselves an unfair …
China’s low-altitude economy lacks growth roadmap, says industry group
BEIJING (Reuters) – China’s nascent low-altitude economy – made up of manned or unmanned aviation services at low elevations – has captured investors’ interest but many lack information and guidance …
Boeing says China will need 8,830 new planes over next 20 years
(Reuters) – U.S. planemaker Boeing said on Monday it expects China to need 8,830 new planes through 2043, as the country’s aviation industry expands and modernizes to meet growing demand for passenger …
China’s PDD suffers $40 billion market cap wipeout after flagging an uncertain market
China’s fragile economy, persistent weakness in the property … due to intensified competition and external challenges,” said PDD’s Vice President of Finance Jun Liu. UBS analyst Kenneth Fong said …
China’s Once-Richest Person Loses $14 Billion As Temu Parent Company Falls Almost 30%
The founder and former chairman of Chinese e-commerce firm PDD Holdings Colin Huang, who rose to become the richest person in China earlier this month, saw his net worth fall by roughly $14 billion on…
China’s Budget Spending Drops as Land Sales See Record Fall
(Bloomberg) — China’s broad budget expenditure contracted and income from land sales for local governments fell at a record pace, a sign of fiscal weakness that may further increase calls on Beijing …
The People’s Bank of China has a transparency problem
The writer is a professor at Cornell University and senior fellow at the Brookings Institution If monetary mystique is an art, the People’s Bank of China takes that to the extreme. Among the major …
China’s Industrial Profits Climb Even as Warning Signs Flash
(Bloomberg) — Profits at China’s industrial companies rose in July, though weak domestic demand is calling into question whether their resilience can last. Most Read from Bloomberg Sydney Central …
China’s Fiscal Revenue Should Pick Up Soon After Slumping in First Seven Months, Finance Ministry Official Says
(Yicai) Aug. 26 — China’s fiscal revenue will rise in months to come, despite tumbling in the first seven months, as macro-economic policies take effect, the economic recovery becomes more solid, and …
Beijing creates AI standards academy as China races ahead to equip robots with AI tech
The Beijing municipal government has launched an Artificial Intelligence Standardisation Academy, with the goal of setting up rules and standards for AI products and their applications in the robotics …
