Chinese authorities are considering measures to stabilize the slumping stock market, including mobilizing 2 trillion yuan ($278 billion) from offshore accounts of state-owned enterprises and investing …
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China considers stock market rescue package worth $278 billion: Report
China’s Economy: Navigating the Catch-22 Dilemma and Investment Opportunities
As Michael Pettis, a finance professor at Peking University, aptly describes, “If the economy does badly, confidence is weak. If confidence is weak, spending is low. If spending is low, the economy …
Xi’s Corruption Crackdown Targets Embattled Finance Sector
Since rising to power a decade ago, Xi has waged a constant campaign against deep-seated graft that has led to the punishment of at least 4.7 million officials, according to a 2022 report by the…
Xi Jinping’s crackdown on official corruption has ripped through a secretive missile force, the Communist Party elite, the national football team, and now risks hammering a …
Since rising to power a decade ago, Xi has waged a constant campaign against deep-seated graft that has led to the punishment of at least 4.7 million officials, according to a 2022 report by the…
China fostering new competitive edges to bolster foreign trade in 2024
In 2023, China’s cross-border e-commerce imports and exports reached 2.38 trillion yuan, an increase of 15.6 percent from a year ago. China’s trade prospects for this year will also be enhanced, …
China weighs stock market rescue package backed by $278 bln – Bloomberg News
Chinese authorities are considering a package of measures to stabilise a slumping stock market, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Hong Kong leader says Shenzhen Bay crossing to open around the clock over Lunar New Year holiday, Lo Wu will extend operating hours
Chief Executive John Lee praises ‘very smooth’ negotiations with mainland Chinese authorities, announces extension of operating hours for holiday period.
World’s Largest Bank To Pay $32,400,000 for Violating Bank Secrecy Act, Backdating Documents and Exposing Confidential Information
The Federal Reserve and New York Department of Financial Services (DFS) just announced a multi million-dollar settlement with a Beijing-based banking giant.
Beijing rents fall as economic outlook falters
Sluggish demand for office space and falling rents in Beijing are being driven by sinking expectations of economic growth and conservative plans for business expansion. At the end of 2023, more than …
Race to find dozens trapped in southwest China landslide
Rescuers raced Tuesday to find dozens of people still trapped after a landslide struck a remote and mountainous part of southwestern China, killing 11.Rainstorms last September in the southern region of Guangxi triggered a mountain…
China races to buy chip-making equipment as US cracks down on exports
China rushed to buy up chip-making equipment ahead of the export controls imposed by the U.S, Japan, and the Netherlands in recent months, as Washington and its allies crack down on exports of the …
Enforcement of China Forced-Labor Import Ban Needs to Be Much Tougher, Say U.S. Lawmakers
The leaders of a bipartisan committee said the Biden administration should consider using criminal prosecutions and closing a trade loophole.
US and China climate envoys unlocked milestones, yet retire with unfinished business
Substantive issues, from coal and renewable energy use to methane emissions reduction, have yet to be resolved. Read more at straitstimes.com.
