BEIJING, Aug 21 (Reuters) – Copper prices rebounded on Monday after posting three consecutive weekly losses, lifted by better sentiment as China’s central bank vowed to resolve local government debt …
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China’s financial regulators urge support for resolving local debt risks
China’s financial regulators called for coordinating support to resolve local debt risks, and adjusting policy for real estate loans.
China investigates citizen accused of spying for CIA -security ministry
China is investigating a Chinese national accused of spying for the U.S. Central Intelligence Agency (CIA), the country’s state security ministry said on Monday.The 39-year-old Chinese national, surnamed Hao,
Oil prices flat as rates anxiety, China gloom offset tighter supply
Brent crude dipped 8 cents to $84.72 a barrel by 0033 GMT while U.S. West Texas Intermediate crude was at $81.28 a barrel, up 3 cents. The September WTI contract expires on Tuesday and the…
Beset by domestic economic woes, China’s Xi visits South Africa in just his second trip abroad this year
Chinese leader Xi Jinping heads to South Africa Monday on a trip intended to bolster Beijing’s influence among developing and emerging nations, as ties with the United States remain deeply strained and economic troubles bubble…
China allocates another 500 million yuan for relief in flood storage areas
China’s finance ministry, as well as the water resources ministry, have allocated a further 500 million yuan ($68.
China’s trade with other BRICS partners rises 19% to over $300b
China’s foreign trade with other BRICS countries-Brazil, Russia, India and South Africa-soared 19.1 percent year-on-year to 2.38 trillion yuan ($326.85 billion) in the first seven months of 2023, data …
US Department of Commerce slaps tariffs on Chinese solar companies for dodging China duties
The United States is slapping tariffs on several solar companies that tried to circumvent existing import duties on goods from China by finishing their products in other Southeast Asian countries. The …
EG.5 most prominent substrain of COVID-19
The EG.5 substrain of the Omicron variant of COVID-19 has become the most prominent source of coronavirus infections in China, the Chinese Center for Disease Control and Prevention said on Saturday.
China’s central bank trims 1-year rate, but unexpectedly leaves 5-year rate unchanged
Most household and corporate loans in China are based on the PBOC’s one-year loan prime rate, while mortgages are pegged to the five-year rate.
Asia stutters as China doles out meagre rate cut
Asian markets stumbled on Monday after China delivered a smaller cut to lending rates than markets had counted on, continuing Beijing’s run of disappointing stimulus steps. China’s central bank …
Russia’s, China’s economic eclipse proves US system is still the best
For all its faults, our democratic and free-market economic system beats hands down the top-down and autocratically run economies of our main political rivals.
Popeyes takes on KFC, McDonald’s in China as the US fried chicken brand plans to open 1,700 stores in mainland in next decade
It also demonstrates the growing desire of global fast food companies to grab a slice of the gigantic Chinese consumer market after the country emerged from its stifling Covid-19 regime earlier this …