China Unicom 00762 reported a strong second quarter with growth in all key earnings items accelerating on the first quarter. Second-quarter services revenue was up 6.5% year on year, EBITDA up 5.4 …
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China’s central bank conducts 61-bln-yuan reverse repos
BEIJING, Aug. 24 (Xinhua) — China’s central bank conducted 61 billion yuan (about 8.49 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday. The move aims to …
China debt: Beijing warned opportunity costs are rising as it seeks comprehensive solution to local government crisis
Beijing has recognised the urgency of its local-government debt crisis, saying last month that it was necessary to resolve it with ‘a comprehensive solution’ International Monetary Fund said that …
Chinese brands looked to impress at textile show
The brands such as Aparso, Rusy & Cindy, Sino-Italy Apparel, WeiQiao Pioneering, Mengdi, Detex Garments, Orient New Horizon, Dahua and Huasheng attracted international buyers by their high-quality …
China’s Xi Vows to Support Cuba in Defending Its National Sovereignty
BEIJING (Reuters) – China’s President Xi Jinping has pledged to support Cuba’s defence of its national sovereignty, opposing foreign interference and a U.S. economic blockade, and will expand strategic coordination with Havana.
China Largely Gets a Pass from Republican Candidates
China largely got a pass in the debate. The candidates mainly used the country as a way to talk about other issues. North Dakota Gov. Doug Burgum made the first mention of China, early in…
China’s property crisis leaves Country Garden with unpaid workers, silent sites
At an unfinished Country Garden residential complex on the outskirts of the northern Chinese metropolis of Tianjin, construction has slowed to a dull whirr and a few idle workers roam a near-empty …
Nvidia Sounds Fresh Warning About Damage From China Export Rules
Nvidia Corp. acknowledged that the US may impose stronger restrictions on the sale of chips to China and warned that such a move will hurt American companies in the long term, reiterating a broadly …
U.S. seeks short extension to key China science pact
The Biden administration is seeking a short-term extension to a landmark science and technology agreement with China despite pressure from some U.S. lawmakers.
China’s deflation could spill over into a global concern, economists say
Though China is recalibrating its economy to become less dependent on its traditional pillars of real estate and manufactured goods exports, Chinese manufactured products still dominate consumer goods …
Penny-wise Hongkongers shop, play and eat in Shenzhen, taking advantage of better prices and service
Although the stronger Hong Kong dollar meant that HK$1,000 was now worth about 920 yuan compared to around 880 yuan in 2019, Chong said Hongkongers were going to Shenzhen because it was easier and …
The local government debt that threatens China’s economy
“Local debt is going up in a very uncontrollable fashion,” said Victor Shih, professor of Chinese political economy at the University of California, San Diego. “Local governments’ reliance on central government, and on debt issuance,…
China’s LGFV Insiders Say $9 Trillion Debt Problem Is Worsening
China is attempting to diffuse risks from its $9 trillion pile of off balance-sheet local government debt, without resorting to major bailouts.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet,