China will continue to exempt registration fees for certain epidemic-prevention drugs and medical devices between Jan. 1, 2024, and Dec. 31, 2027, the ministry said. Supportive policies for funds used …
FINANCE
China Former Deputy Central Bank Governor Fan Charged With Bribery – Chinese State Media
BEIJING (Reuters) – Authorities have charged China’s former deputy central bank governor, Fan Yifei, with bribery, China’s state news agency Xinhua reported on Wednesday.
Pressure on China Evergrande intensifies; chairman under police watch, risk of liquidation
Once China’s top-selling developer, Evergrande’s financial crisis became public in 2021 and since then it and a string of its peers have defaulted on their offshore debt obligations amid slowing home …
China Is Set for a Long Holiday. What Will the Yuan Do?
China’s yuan is about to lose its anchor—at least for a little while. The country’s financial markets will be closed Friday, and all of next week, for the Golden Week holiday. Domestic trading of …
China Evergrande chairman reportedly under police watch, stock drops 19%
Hui Ka Yan, Chinese billionaire and chairman of indebted real estate developer China Evergrande (EGRNF), has been placed under police surveillance, Bloomberg re …
What the U.S.-China Chip War Means for a Critical American Ally
South Korea’s vital semiconductor sector depends on China. A deadline looms for how it could be affected by U.S. efforts to control China’s tech advance.
NATO to allocate $1.1bn to develop AI projects as financial competition to China
The NATO Innovation Fund plans to spend $1.1bn on the development of defence projects that will improve the technological equipment of …
China-US relations: American businesses welcome, Chinese Vice-President Han Zheng tells Henry Paulson in Beijing
In Beijing, US banker and former treasury secretary meets Han and China’s Foreign Minister Wang Yi who expressed wishes for relations to get back on track.
China Expected to Achieve 2023 Economic Growth of Slightly Higher Than 5% -PBOC Adviser
China’s economic situation is very different from that of Japan … Personal Advisors – Partner with an advisor to build a personalized financial plan based on what’s important to you. Get started …
Chief China economists speak on China’s economic recovery
Editor’s note: As the Chinese economic recovery accelerates, China Daily is talking with chief economists at international financial institutions to gauge their confidence in the Chinese economy and …
China’s Inner Mongolia to Issue Special Refinancing Bonds to Ease Debt Pressures
China’s Inner Mongolia Autonomous Region said Wednesday that it would issue special government bonds to ease debt pressures, as Beijing seeks to …
China Has Second Thoughts About Controlling Prices in Its Massive Housing Market
In part, that is because of price controls which many Chinese cities imposed on housing over the past two years to keep values stable. Now China is starting to loosen the rules—with unpredictable …
China’s central bank to use ‘precise, forceful’ policy to bolster recovery
China’s central bank said on Wednesday it would step up policy adjustments and implement monetary policy in a “precise and forceful” manner to support the economic recovery.The People’s Bank of China …
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