China’s fiscal revenues grew 14.9 per cent in the first five months from a year earlier, quickening from a 11.9 per cent rise in the first four months, data from the finance ministry showed.Fiscal …
FINANCE
Alibaba Gets Big Boost From China’s Central Bank
China’s central bank cut a key policy rate to boost economic growth and consumption, which is highly favorable for Alibaba …
China slams EU ban on Huawei, ZTE demands equal treatment
China firmly opposes some EU countries’ ban on Huawei and said the European Commission has no legal basis nor factual evidence to prohibit the Chinese telecom giant, a Chinese foreign ministry …
Micron warns of bigger revenue hit from China ban
Micron Technology on Friday warned of a bigger hit to revenue from a Chinese ban on sale of its chips to key domestic industries, sending the memory chipmaker’s shares down about 2%.
‘You are the first American friend I’ve met in Beijing this year’: Xi tells Bill Gates China wants to work with world on innovation
“You are the first American friend I’ve met in Beijing this year,” Xi told the Microsoft Corp. co-founder on Friday, according to state broadcaster China Central Television. “I’ve always said that the …
China ramps up financial support for rural revitalization
Chinese authorities have called for better financial services to bolster rural revitalization and the national strength in agriculture. Financial institutions should make themselves available to meet …
China unlikely to roll out ‘big bang’ stimulus amid low inflation
Investors anticipate a gradual easing of policies in China to boost consumer confidence and attract institutional investors amid low inflation numbers.
China studies policy priorities to promote sustained economic recovery; observers expect more stimulus measures
Chinese Premier Li Qiang on Friday chaired an executive meeting of the State Council, China’s cabinet, to study a slew of policy measures aimed at promoting sustained economic recovery, with a …
China should avoid seeking global ‘kingship’ amid US tensions, academic says ahead of Antony Blinken visit
Ju Jiandong, chair professor of finance at Tsinghua University, says China should counter Washington’s decoupling endeavours by building an Asian community US Secretary of State Antony Blinken is set …
China calls Google’s hacking claims ‘far-fetched and unprofessional’
China’s government on Friday rejected as “far-fetched and unprofessional” a report by a U.S. security firm that blamed Chinese-linked hackers for attacks on hundreds of public agencies, schools and …
A Bank China Built to Challenge the Dollar Now Needs the Dollar
How Russia’s war in Ukraine paralyzed the Brics’s New Development Bank.
Canada’s Knee-Jerk Retreat From China Bank Shows Divided World
A single Tweet alleging Communist Party interference was all it took for Canada to freeze ties with a China-led development bank this week. The question now is whether the US and other allies will …
House Republicans might try to stop Biden’s order on China investments
The Biden administration is still weighing an executive order on U.S. investment in China, but some key Republicans worry its approach may be too broad.
