The People’s Bank of China trimmed the 1-year loan prime rate to 3.0% from 3.1%, and the 5-year LPR to 3.5% from 3.6%.
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GM Ends US Vehicle Exports to China Amid Trade Tensions
General Motors halts US vehicle exports to China amid tariff tensions despite a recent 90-day pause in wrangling.
China lowers benchmark lending rates for first time since October
China cut benchmark lending rates for the first time since October on Tuesday, after Beijing announced sweeping monetary easing measures earlier this month to support the broad economy.
China’s Power Is a Virus
When a nation bears the blame for more than 7 million deaths worldwide, what is Washington going to do? More than 1.2 million Americans died as a result of a plague that began in China.…
Five of China’s major state banks cut deposit rates
Five of China’s biggest state-owned banks cut deposit interest rates on Tuesday, part of an expected move to alleviate shrinking interest margins at lenders as Beijing rolls out sweeping monetary …
Beijing Says U.S. Huawei Comments Undermine Recent Trade Talks
Chinese authorities are reiterating their opposition to a Trump administration directive against certain high-end chips produced by Huawei, saying it undermines a recent consensus on trade. Days after …
Hegseth reveals plans to counter China, stay ahead in arms race as Pentagon pivots to Indo-Pacific
Defense Secretary Pete Hegseth tells ‘The Will Cain Show’ how the United States is working to stay ahead in modern warfare.
Is China the winner in the India-Pakistan conflict?
China made a critical difference in the latest India-Pakistan conflict, says Imtiaz Gul, a Pakistani security analyst. “It took the Indian planners by sheer surprise. They didn’t probably envision the …
Shenzhen cross-border travelers top 100 mln amid tourism boom, visa-free surge
The number of inbound and outbound travelers passing through Shenzhen ports has surpassed 100 million so far this year, local immigration authorities said on Monday, as accelerated regional …
China’s state banks will cut deposit rates on Tuesday, sources say
China’s major state banks will cut their deposit rates from Tuesday, three people with knowledge of the matter said, easing pressure on profitability as China reduces lending rates to boost a slowing …
What’s behind the Covid-19 surge in Asia? Will vaccines work?
Singapore, Hong Kong, China, and Thailand are witnessing a spike in Covid-19 cases. In Singapore, the surge in infections is driven by LF.7 and NB.1.8 — both descendants of JN.1 variant, which is a …
China Urges US to ‘Correct Wrongdoings’ on Chinese AI Chip Curb
BEIJING (Reuters) -China on Monday urged the United States to “immediately correct its wrongdoings” and stop “discriminatory” measures after the U.S. issued guidance warning companies not to use …
The Unbelievable Rise of Shenzhen: China’s Most Advanced City
Shenzhen, China, is undergoing an unbelievable transformation that’s reshaping the future of technology and economy. This booming metropolis has become a hotspot for cutting-edge innovations, rapid …
