Nomura’s Rob Subbaraman says the key to reviving China’s economy lies in unlocking the hoard of dry powder stored up in consumers’ savings.
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Trump warns Xi against helping Iran as US envoy reveals Beijing’s response
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Beijing residents celebrate Mid-Autumn Festival with garden activities Photo: Chen Tao/GT
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Nomura: Beijing’s hotly anticipated stimulus must target consumers to sustain reignited animal spirits
China leaves benchmark lending rates unchanged as expected in Feb
China left benchmark lending rates unchanged at the monthly fixing on Thursday, showing authorities are going slow with monetary stimulus as they prioritise financial and currency stability.
Death sentence over murder of Japanese boy in China to be finalized
The sentence is expected to be finalized after it is examined by a high court in Guangdong and approved by China’s Supreme Court.
Struggling Chinese builder Vanke turns to state managers to ‘stop the decline’
“Policymakers don’t want Vanke to fall because that’s going to really damage sentiment,” said Larry Hu, chief China economist at Macquarie, adding that the new phrase in housing policy circles was …
China keeps benchmark lending rates steady as PBOC prioritizes financial stability
The PBOC has prioritized defending the yuan against the pressure for it to depreciate on anticipation of higher tariff rates.
US to cut size of diplomatic mission in China by up to 10%, SCMP reports
The United States is set to cut the size of its diplomatic mission in China by up to 10%, the South China Morning Post reported on Wednesday, citing people familiar with the situation.
‘Captain America must die in China’: Nationalism fuels Ne Zha 2 fans
A chorus of praise is being sung around Ne Zha 2, the Chinese film about a mythical boy who battles demons, which has been newly crowned the world’s highest-grossing animated film. The box office …
Ant Group enters China’s growing humanoid robot industry amid rising tech interest
Ant Group, the Alibaba-linked fintech giant, is venturing into the humanoid robot industry, joining a growing list of major Chinese tech companies exploring this emerging field.
Can China become the world’s top tech leader?
China is making a serious push to lead the world in technology. From artificial intelligence and electric vehicles to semiconductors and renewable energy, the country is accelerating its efforts to …
Nicknames bloom in China’s tech renaissance
Six Little Dragons, Seven Sisters and the Terrific Ten. These are some of the nicknames being bestowed on China’s cast of home-grown heroes as they take on the U.S. tech goliaths, known as the …
China’s DeepSeek-led AI revolution could boost financial sector profit by up to 13%: UBS
The recent breakthroughs in China’s artificial intelligence (AI) technology, as exemplified by DeepSeek, will bolster profits of the AI-intensive financial sector as it substantially reduces labour …
Subsidiary of China-owned company to pay $14M for taking federal COVID-19 loan
A Michigan-based automotive supplier that’s a subsidiary of a Chinese state-owned company will pay more than $14 million to resolve allegations that it took COVID-19 money it wasn’t eligible for. The …
Haier seeks control of Shenzhen-listed robotics firm in US$343 million deal
Haier joins rival Midea Group in venturing into industrial robotics, answering Beijing’s call to upgrade the nation’s traditional manufacturing sector.
