The G7 countries should focus on identifying areas of common interest with China where the risk of misunderstanding and disagreement is low and seize whatever opportunities for cooperation there may …
FINANCE
3M expects $300 mln revenue hit from China COVID lockdowns
Industrial conglomerate 3M CO on Wednesday warned of a $300 million hit to revenue in the current quarter as COVID lockdowns in China slam demand and worsen supply chain issues.
Alibaba best-paying tech company in China despite a crackdown
Despite China aiming to rein in domestic Internet giants, Alibaba is still the best-paying tech company in the country at an average monthly salary of $5,000, followed by ByteDance and Tencent …
China to expand climate-related stress testing of banks, central bank chief Yi Gang says
China plans to expand its climate-related stress testing of … saying the discussion about the need for climate finance was often obscured by “the need to end the many sources of anti-climate finance …
China Orders $120 Billion Credit Line for Infrastructure Growth
Beijing ordered state-owned policy banks to set up an 800 billion yuan ($120 billion) line of credit for infrastructure projects as it leans on construction to stimulate an economy battered by …
Macao needs China’s heft in tech to introduce CBDC, official says
Lei Wai Nong, Macao’s secretary for economy and finance, said China’s expertise in developing its digital yuan could help the specially administered region introduce a central bank digital currency …
China’s Tencent revises pay rise policy in memo, amid cost savings pressures
China’s Tencent Holdings has told staff it will no longer guarantee them a pay raise upon promotion, according to an internal letter seen by Reuters, as it reviews its salary policy amid a wider …
China-backed hackers are exploiting unpatched Microsoft zero-day
China-backed hackers are exploiting an unpatched Microsoft Office zero-day vulnerability, known as “Follina”, to execute malicious code remotely on Windows systems. The high-severity …
Beijing Says US Supply Chain Curbs Sabotage China’s Development
The United States is “over-stretching” the concept of national security by imposing supply chain sanctions on China to stymie its growth, according to Chinese Foreign Ministry spokesman Zhao …
China announced stimulus measures to help the virus-ravaged economy
China’s cabinet issued a package of 33 policies spanning fiscal, financial, investment, and industrial policies to …
Buy-the-Bottom Calls on China Gets Louder as Shanghai Reopens
Investors are trying to get ahead of any good news in China, as the lifting of a lockdown in financial center Shanghai eases pressure on a struggling economy.Most Read from BloombergReady to Buy a …
China state firm’s bond draws $1.5 trln bids as investors seek safety
China has eased monetary policy, but “liquidity is not flowing into the real economy, as demand remains weak,” Guan Qingyou, chief economist of Ruiz Finance Institute, said in a social media webcast …
China’s Car Tax Cuts Are Broader Than Expected, May U-Turn Year’s Sales to 4% Growth, Industry Body Chief Says
China’s new purchase tax rebates on passenger vehicles apply to autos with an engine capacity of under two liters. The scope is wider than expected as previous tax cuts were limited to 1.6 liter …
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