China has ordered banks and other financial institutions to encourage more consumer financing and use of credit cards as part of a campaign to get people to spend more.
NEWS
China Mulls 50% Pay Cuts for Underperforming Fund Managers
China is considering slashing pay of fund managers who underperform their benchmarks as part of a broad overhaul of the nation’s 33 trillion yuan ($4.6 trillion) mutual fund industry aimed at boosting long-term investments,
Asian shares advance, despite Wall Street’s tumble, as China pledges to boost consumer spending
Asian markets advanced Friday, shrugging off another decline on Wall Street, with markets in China gaining after state-run banks and other financial institutions were ordered to do more to help spur more consumer spending.
Chinese Stocks Surge as Beijing Plans Briefing on Consumption
China’s stock benchmark rallied to its highest level this year, with consumer shares leading gains on expectations of more policy support for the sector.
China, Russia and Iran set to hold talks in Beijing as Trump pushes for new nuclear deal with Tehran
China is hosting diplomats from Iran and Russia for talks on Iran’s nuclear program Friday as Beijing aims to position itself as a power broker on an issue seen internationally as a pressing security …
China set for rapeseed meal shortage after 100% duty on top supplier Canada
China is likely to face a supply shortage of rapeseed meal by the third quarter of this year as Beijing’s tariffs on shipments from top exporter Canada disrupt trade and as alternative sources are …
China’s ‘Netflix’ iQiyi is set to open a theme park with virtual reality based on its own shows
Chinese videostreaming platform iQiyi plans to open its first theme park this year — the latest company to bet that local consumers will spend on experiences.
CK Hutchison’s shares drop after China posts critical commentary on port sale to U.S. interests
Shares of Hong Kong conglomerate CK Hutchison slid more than 6% on Friday after China’s Hong Kong and Macau Affairs Office posted a commentary in state media criticising the company’s recent port sale …
Beijing meeting between China, Russia, Iran set to start; a step signaling expanded strategic synergies: expert
China will hold the Beijing meeting between China, Russia and Iran on the Iranian nuclear issue on Friday, which Chinese Foreign Ministry spokesperson Mao Ning described on Thursday as “China’s latest diplomatic effort with the…
World’s first universal embodied AI platform launched in Beijing
BEIJING — The world’s first universal embodied artificial intelligence platform that supports multiple body types and scenarios was launched in Beijing Wednesday. It was expected to accelerate the integration of smart technologies into real world…
New policies attract FDI to Shenzhen
In a bid to further solidify its position as China’s economic powerhouse, Shenzhen, the tech-hub in the southern province of Guangdong, unveiled a series of enticing incentives aimed at attracting …
Beijing to roll out AI lessons for primary, secondary students
China’s AI industry has gained international attention this year after DeepSeek released a new version of its AI chatbot in January, sending shockwaves across global markets.
Beijing to offer free HPV vaccines to seventh-grade girls
Cervical cancer was the fourth most common cancer among women worldwide in 2022, according to the WHO. Against this backdrop, China made free HPV vaccinations accessible to approximately 40 percent of girls aged 13 to…
