Foreign Minister Wang Yi will travel to Singapore, Malaysia and Cambodia on a trip aimed at boosting ‘strategic communication’.
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Dollar retreats after China deflation unleashes drive into risk assets
Dollar selling by state-owned Chinese banks helped the yuan rally off a one-month low even as the country slipped into deflation, dealers said. The Chinese central bank’s stronger-than-expected …
Dollar eases as China deflation lures investors into risk assets
The dollar eased on Wednesday after data showed the Chinese economy slipped into deflation last month, which upped the chances for the government to roll out extra stimulus measures and nudged …
China allocates 1 bln yuan to support flood storage areas
BEIJING – China has earmarked 1 billion yuan ($139.69 million) to offset losses in areas in the Haihe River Basin inundated recently for flood storage purposes, according to the Ministry of Finance …
Why China’s Stock Exchange Creates a Headache the Chinese Communist Party
With investors souring on real estate, stocks are now the investment destination of choice – and they increasingly provide a barometer of public confidence in China’s future.
China’s Economic Woes, Crude Oil, Bond Auctions, Prime Day 2, Trading Lilly
China’s National Bureau of Statistics reported for July a headline CPI of -0.3% y/y and a headline PPI of -4.4% y/y. The Chinese economy is now mired in a state of producer level deflation that…
China’s economy slips into deflation as recovery from pandemic continues to falter
China’s already “tortuous” recovery from the Covid pandemic continued to stall today as fresh data indicated that domestic demand remained depressed. Figures out this morning showed that the world’s …
Sony expects smartphone rebound only in 2024 after China fizzles
Sony Group Corp., the dominant supplier of camera sensors for smartphones, is pushing back expectations for a smartphone market recovery to 2024 at the earliest after gauging worsening demand from …
Biden administration to announce new bans on investments in China meant to protect national security
President Joe Biden’s administration plans to detail new rules Wednesday limiting US investments in advanced technology industries in China, according to people familiar with the plans, in an effort …
China wants all apps to file business details – report
China will require all mobile app providers in the Asian nation to submit business details with the government, Reuters reported citing the country’s Ministry of Industry and Information Technology …
China aims to boost low-cost space science with ‘Innovation X’ rideshare program
A new initiative aims to launch seven satellites per year on Lijian-1 solid rockets to promote space science research.
China targeting German tech ‘through back door’ with licences – report
China is going after licences to boost its access to German technology as investment regulation makes company acquisitions in the sector increasingly difficult, the Handelsblatt newspaper reported on …
Biden Admin Set To Unveil Strategy To Curb US Investments In Sensitive Technology In China: Report
Biden administration officials have reportedly emphasised that any restrictions on US investment in China will be narrowly targeted. National Security Adviser Jake Sullivan stated in April that these …