Private survey’s result compares with official data last week showing services activity was on the brink of contraction. Read more at straitstimes.com.
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Recent Posts
China services expansion picks up in fresh sign of momentum
U.S.-China Economic and Trade Cooperation Forum Held to Explore More Opportunities for Business Cooperation
More than 300 representatives from both Chinese and American business associations attended the forum. Ren Hongbin remarked, “China and the United States have highly complementary economies with …
Beijing Introduces New Travel Pass That You Can Purchase With International Bank Cards
The Beijing Pass allows tourists to use their international bank cards to purchase the pass at 15 locations in the city, including Beijing Capital International Airport, Beijing Daxing International Airport, and Beijing Railway Station, reported…
Beijing’s digital economy growth outpaces GDP in H1
A staff member demonstrates his interaction with a virtual human during the Global Digital Economy Conference 2024 in Beijing, capital of China, July 2, 2024. [Xinhua/Ren Chao] BEIJING — Beijing municipality’s digital economy continued to…
Luxury Brands Navigating ‘New Normal’ in China
Luxury brands are facing several challenges in China, including a slowdown in consumer spending and a growing gray market for selling authenticated goods bought overseas as Chinese shoppers head …
China’s Honor gets strong state backing as it readies IPO
The handset maker has declined to disclose any IPO details such as how much it reckons it is worth now. It is looking to list on China’s A-share market where it expects a higher valuation,…
China’s Sweltering Heat Pushes Shanghai Power Demand to Record
(Bloomberg) — Punishing heat throughout southern China is stressing power networks and farmland as extreme weather continues to exact a deadly toll in the world’s second-biggest economy. Most Read …
Part 2 | Flagging in: China’s new approach to maritime and seafood power
China has been buying its way into restricted national fishing grounds. The method typically involves the use of business partnerships to register foreign ships under the flag of another country, …
China sees growing foreign trade volume of tea in H1
During the period, China’s import volume of tea reached 24,400 tons, an increase of 41.54 percent, while the import value of tea reached $72 million, up 10.14 percent year-on-year. Belt and Road …
Beijing is increasingly establishing itself as a diplomatic hub of growing influence
He spent several days discussing how to end the two deadliest conflicts in the world today. First, Wang hosted the gathering in Beijing of 14 Palestinian factions, including bitter rivals Fatah and Hamas, for peace…
Exclusive | China’s property bender has led to long, tough hangover: economist Mao Zhenhua
and was among the first to warn about the underlying pressure on China’s property prices. In this latest interview in the Open Questions series, Mao analyses China’s struggling property sector, …
Shouldn’t the world thank China for producing too much stuff?
Overcapacity could be said to characterise Swiss exports of financial services, French exports of champagne and US exports of civil aircraft. Yet overcapacity has become a negative buzzword solely …
Absa and blockchain: A Journey of innovation and learning
One of the key areas of innovation that Absa has been leveraging is blockchain technology, which has the potential to revolutionize various aspects of the financial industry, such as payments, …
