China increased its gold reserves for the sixth consecutive month in April to 66.76 million ounces (1,893 tons) amid a global financial panic triggered by aggressive US interest rate hikes on top of …
FINANCE
China gave 190 chip firms US$1.75 billion in subsidies in 2022 as it seeks semiconductor self-sufficiency
China’s largest chip maker, SMIC, was also its biggest subsidy recipient at US$282.1 million, illustrating national priorities amid a protracted tech war Other top recipients include Apple supplier …
US conducted 14 spy missions on China’s satellites in 2 years, claims Chinese study
US spy satellites have allegedly carried out at least 14 close-range observation flights on China’s high-orbit satellites in less than two years, claimed a new study by academics in China’s space …
Banks roll out ‘barbecue loans’ to businesses in China’s new grilled-food capital Zibo as they compete for new borrowers
Banks in the city in Shandong province are offering fast, cheap loans to barbecue restaurants and suppliers in a bid to capitalise on the craze Zibo emerged as a popular tourist destination after its …
China’s forex reserves hit 14-month high
China’s foreign exchange reserves hit a 14-month high, reaching $3.2048 trillion by the end of April as the US dollar weakened and global financial markets rebounded, the State Administration of …
Agricultural Bank of China ups loan support to county-level areas
The bank said its outstanding loans for county-level areas totaled 8.05 trillion yuan ($1.16 trillion) by the end of March, up 719.5 billion yuan or 9.82 percent from the beginning of this year. More …
Top economists confident over China’s economic recovery, urge efforts to ensure long-term growth
Chinese and US economists expressed full confidence over China’s economic recovery this year at a forum in Beijing on Saturday, but they remain cautious over the long-term picture, suggesting that …
What would a war with China mean for the economy?
After the loss of life, the economic effects would be a preeminent concern. War with China would lead to collapse in financial markets. Equity markets would be roiled. The great housing recession of …
Study says US spy satellites approaching China’s high-value space assets a ‘threat to security’
Researchers suggest China must hasten development of a situational awareness network that integrates space and ground-based sensors.
Sustainability: how China is clamping down on exaggerated green claims in sectors from manufacturing to finance
Regulators and manufacturers intensify battle against greenwashing, a practice which could create disincentives for society to take decarbonisation and other sustainability actions seriously.
Schumer wants a new China competition bill, Rubio slams effort as unserious
Senate Majority Leader Charles E. Schumer is directing Democratic lawmakers to develop a “China Competition Bill 2.0” to stop tech and research theft from America.
BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report
BNP Paribas’ corporate clients will be able to connect to China’s e-CNY through a connection to the Bank of China’s system.
New rules compel leading China financial data provider to limit offshore access, sources tell Reuters
Restricted access by offshore users comes as China sharpens its focus on data usage and security amid rising geopolitical tensions and concerns about privacy.
