“The target of our stimulus should shift from investment to consumption, which can more directly correspond to our actual economic bottlenecks and weaknesses,” Cai Fang, an adviser to the People’s …
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China property developer Kaisa faces Hong Kong lawsuit seeking to wind it up
Chinese property developer Kaisa Group said on Monday a winding-up petition has been filed against it in a Hong Kong court in relation to 170 million yuan ($23.50 million) non-payments on onshore …
European Chamber of Commerce urges Beijing to extend expat employee tax breaks for housing, education amid fears of exodus of talent
It is estimated that a foreign company would pay an extra US$110,800 in taxes for a foreign employee with two children if the exemptions were scrapped ‘The Chinese government is advised to address the matter…
Gallium prices jump as buyers lock in supply before China export controls
Gallium and germanium play a vital role in various critical industrial sectors such as satellite, solar cells and semiconductors.
Alibaba, Tencent shares rise as investors bet China’s tech crackdown is over
Alibaba Group and Tencent shares rose in Hong Kong on Monday after China’s $984 million fine against the Jack Ma-founded Ant Group appeared to signal the end of a regulatory crackdown on the country’s …
China’s factory gate prices fall at fastest pace in 7 years
China’s factory gate prices fell at the fastest pace in over seven-and-a-half years in June and missed expectations, while consumer prices were unchanged, as a faltering post-COVID recovery weighed on …
China ends crackdown on web giants with colossal fines for Ant Group, Tencent
China’s crackdown on web giants Alibaba and Tencent appears to be over, with the two to pay a combined $1.4 billion in fines to atone for past sins as Beijing moves on to “normalized” supervision.
China’s June inflation data misses expectations
China’s producer prices sank more than expected, official data showed Monday, underscoring the challenges for the country in revitalizing growth momentum.
China’s trade still in good place despite woes worldwide
The nation’s export growth witnessed consecutive increases in March and April — by 14.8 percent and 8.5 percent year-on-year, respectively, and then shrank 7.5 percent in May, triggering concerns over …
China’s youth left behind as jobs crisis mounts
President Xi Jinping, who was himself forced to labour in a rural village during the Cultural Revolution, has little sympathy for graduates reluctant to do low-paid jobs. He has constantly urged young people to zizhao…
China factory gate deflation deepens in June on weak demand
China’s factory gate deflation deepened in June and missed expectations, while consumer prices were unchanged, data showed on Monday, as a faltering post-COVID recovery weighed on demand.
Heritage experts discuss space technology use
The discovery encouraged a strong response from the international community, and was a good example of the application of technology in protecting heritage sites, says Guo Huadong, director of the International Centre on Space Technologies…
China’s consumer-driven sectors are a ‘sweet spot’ and opportunity for investors, says KKR
From pet food to liquor and lighting fixtures, global investing company KKR is putting their money behind a suite of consumer-driven sectors in China.