China’s Ministry of Commerce said on Friday it would drop anti-dumping and anti-subsidy tariffs on Australian barley imports that had been in place for three years affecting billions of dollars of …
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Deadly flooding in China worsens as rescues continue and areas downriver brace for high water
Heavy rain and high water levels of China’s northeastern rivers are threatening cities downstream, prompting the evacuation of thousands.
China relaxes business visa rules in bid to further open borders
The Ministry of Public Security said it plans to implement the measures by end August. Read more at straitstimes.com.
2 U.S. Navy sailors charged with providing sensitive military information to China
The two U.S. sailors, both based in California, were charged with similar moves to provide sensitive intelligence to the Chinese.
China’s hospital ship visits Tonga amid growing competition in the Pacific
Thousands of Tongans visit military-run Peace Ark for free treatment as analyst criticises medical missions as ‘PR events’
China’s major telecom operators set up drone bases to help flood victims
Drone base stations have been put into use in Zhuozhou, Hebei province to ensure phone signals for local residents and rescuers as original signal sources had been affected by days of rainfall and …
China central bank says RRR cuts, other policy tools need to be used flexibly
RESERVE requirement ratio (RRR) cuts, open market operations and all structural monetary policy tools need to be used flexibly to ensure reasonably ample liquidity in the banking system, an official …
Gary Gensler to Focus on AI, ‘We Can Get to Crypto Later’
Crypto can wait as there’s a bigger fish to fry, US Securities and Exchange Commission’s (SEC) chairperson Gary Gensler recently said. Notably, the man leading the crypto crackdown in the US believes that artificial intelligence…
China crams for World Bank business survey
If there is one thing China takes seriously, it is a test. From the ancient keju civil service exam to today’s ultra-competitive gaokao university entrance exam, a high ranking has been vital to success.
Analysis: China’s stubborn savers risk precipitating liquidity trap
China’s consumers and companies are tying up trillions of yuan in longer-dated deposits with banks, effectively taking a vast pool of money out of circulation and risking the kind of liquidity trap that hobbled Japan’s…
Typhoons Khanun, Doksuri add to China’s food security headache, as export bans push up global prices
Deadly rain in China have flooded fields and damaged crops in northern China, adding to concerns over Beijing’s food security drive and self-sufficiency push India, Russia and the UAE have also …
Automakers promote advanced tech to compete in China — the world’s top EV market
China is the world’s largest EV market with 5.9 million units sold in 2022, capturing 59% of EVs sold globally, according to Canalys.
Key Republican urges Biden to set broad restrictions on U.S. investments in China
The chair of a U.S. House committee on Thursday urged President Joe Biden to adopt expansive restrictions on outbound U.S. investment in China especially in key sectors likely to harm U.S. national security.