Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, some cities have started to cut back on the subsidies.
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Recent Posts
China Is Buying Appliances and iPhones. What Happens When the Subsidies Stop?
Iron Ore Holds Big Weekly Gain Ahead of Key China Economic Data
Iron ore held its biggest weekly gain since January, with traders looking ahead to the release of data in China that may show the economy of the world’s biggest metals consuming nation expanded more …
China Mobile | Company Overview & News – Forbes
China Mobile Ltd. operates as an investment holding company. It provides telecommunications and other related services in Mainland China. The firm offers communications services in all 31 …
China’s exports beat expectations in June, while imports rebound for the first time this year
China’s exports beat expectations in June as businesses continued to rush out shipments to capitalize on a temporary tariff reprieve ahead of an August deadline. Exports jumped 5.8% in June in U.S.
China’s biotech surge shifts global drug innovation, stirs US tension
Top regulators like the US FDA and EMA are fast-tracking more Chinese drugs, granting priority review and breakthrough designations as they gain confidence in China’s biotech innovation …
China’s yuan-denominated exports in June rise 7.2% y/y, imports grow 2.3%
China’s yuan-denominated exports rose 7.2% year-on-year in June, while imports grew 2.3%, customs data showed on Monday.
Summer adventures
Each summer, Hong Kong, Macao, Guangzhou and Shenzhen are the top destinations for Chinese mainland travelers, with a surge in cross-border intercity travel and visits from farther regions. A myriad …
Shanghai’s West Bund defies property slump as new CBD attracts MNCs like BMW, Adidas
Shanghai’s overall office vacancy rate rose to 22.4 per cent in June from 22.1 per cent at the end of 2024, according to CBRE.
Will US Lifting Chip Design Software Curbs Against Beijing Affect India’s China Plus One Momentum?
The US decision to lift restrictions on chip design software exports to China raises concerns in India, prompting experts to recommend enhancing domestic chip design capabilities. They argue that …
China’s young workers face job woes as the economy impacts elite graduates’ prospects
Youth unemployment in China for ages 16-24 was 21.3% in June 2023.
Integrated communities
On weekend mornings, long lines of commuters would snake their way to the B7 bus stop near the Fanling Mass Transit Railway station in Hong Kong’s northern New Territories. The bus would take them to…
Eni eyes Chinese yards for multiple offshore projects
Asia-based industry officials approached by Upstream said that over the next two years, Eni plans to bring more than half-a-dozen offshore oil and gas projects into construction and production, and …
Russia, China discuss Ukraine war and ties with the United States
China and Russia declared a “no limits” partnership in February 2022 when Putin visited Beijing, days before he sent tens of thousands of troops into Ukraine. Putin has sometimes described China as an …
