China’s apparent steel consumption in the first three quarters of 2024 slid 6.2% year-on-year to 688 million metric tons, the state-backed China Iron and Steel Association (CISA) told reporters on …
Featured Posts Title
China’s Shenzhen Relaxes Home Buying Rules to Boost Demand
China’s Shenzhen further eases homebuying curbs
Beijing clamps down on drones: Sales banned citywide from May 1
China’s largest lenders’ first-quarter profit up over 3%, sour loan ratios steady
China’s Iranian oil buying curbed by margins, traders say
Taiwan Tops Beijing’s Agenda for Trump-Xi Summit
Beijing court pledges stronger focus on small business labor disputes
Recent Posts
China’s Jan-Sept apparent steel consumption down 6.2% y/y
China’s Central Bank Holds Key Policy Steady
The People’s Bank of China kept a key policy steady, a widely expected move after officials made a flurry of rate cuts last month to support the ailing economy.
China central bank conducts medium-term loan operation, with rate unchanged
China’s central bank conducted a medium-term loan operation on Friday while keeping the interest rate unchanged. The People’s Bank of China (PBOC) issued 700 billion yuan ($98.36 billion) worth of one …
China Refrains From Cutting Policy Rate Following Record Trim
China’s central bank kept its one-year policy rate unchanged, after slashing funding costs by the most on record a month ago, suggesting authorities are cautiously pacing monetary stimulus to support …
Pulp Giant Suzano Sees Business in Top Buyer China Bottoming Out
Suzano SA, the world’s largest pulp supplier, said the “most challenging scenario ever” in top importer China is showing some signs of stabilization after further eroding in the third quarter.
Australia’s leader rejects Beijing’s claims that his country is rife with ‘racism and hate crimes’
Australia’s Prime Minister Anthony Albanese has rejected accusations from Beijing that his country is “plagued by systemic racism and hate crimes” after an Australian diplomat led a group of Western …
Beijing unveils tourism action plan
Beijing unveiled an action plan to drive high-quality growth in the tourism industry on Thursday during a conference, aiming at building the capital into a world-class tourism city and a global …
Huawei staff arrives at new mega-campus, hub of China’s tech drive
The sprawling research and development complex is set to play an important role in the nation’s push towards self-reliance Huawei Technologies has opened a massive campus in a suburb of Shanghai, which serves as a…
Biden makes clear AI can’t launch nukes as he looks to harness new technology’s power
President Joe Biden on Thursday ordered his national security agencies to harness new, powerful artificial intelligence technology in a bid to compete with rivals such as China while also applying guardrails to prevent its use…
Jaishankar stresses need to respect border agreements amid Beijing’s silence on LAC patrolling pact
Meanwhile, in Delhi, Defence Minister Rajnath Singh said broad consensus had been achieved following talks between the two countries to “restore the ground situation”, including patrolling and grazing …
Trump says China’s leader will bully Harris ‘like a baby’
Donald Trump has said China’s leader would handle Vice President Kamala Harris “like a baby” if she’s elected to the White House …
How China is trying to win back foreign tourists
The government is also trying to kick-start the economy—and wants foreign tourists to help. In 2019 their spending accounted for 0.5% of GDP in China, compared with 0.9% in Japan, 1.1% in America and …
China Fiscal Pack Insufficient to Curb Deflation Risks, IMF Says
China’s recent barrage of fiscal measures fall short of what’s needed to address deflationary risks plaguing the world’s second-largest economy, according to one senior International Monetary Fund …
