BEIJING, June 26 (Reuters) – China’s capital city Beijing announced steps on Wednesday to reduce the cost of buying a home, including cutting mortgage interest rates and the minimum down-payment ratio, to try to boost…
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Beijing city cuts home buying costs to boost demand
Beijing Becomes Last Mega China City to Ease Housing Rules
(Bloomberg) — China’s capital city of Beijing eased homebuying requirements for downpayment and mortgages, joining the country’s other mega cities to support the real estate sector. Most Read from Bloomberg YouTuber Dr Disrespect Was Allegedly…
Beijing lowers minimum down payment ratio for first home buyers to no less than 20%
China’s capital city Beijing on Wednesday lowered the minimum down payment ratio for first home buyers to no less than 20%, according to a local government statement. It also lowered the minimum down payment ratio…
US probes China’s telecom ‘espionage’: 3 companies under scrutiny
According to Reuters, the US is investigating China Mobile, China Telecom, and China Unicom for potential espionage. Reuters suggests that this probe is happening on the sidelines without official confirmation. The US has recently strengthened…
US investigates China Telecom, China Mobile for security risks
The Biden administration is investigating China Mobile, China Telecom and China Unicom over concerns the firms could exploit access to American data through their US cloud and internet businesses by providing it to Beijing, three…
GSMA’s Granryd trumpets China 5G lead
Cloud revenue across China’s main mobile operators has totalled $11 billion in the past three years. 5G’s contribution to China’s GDP will also keep growing. By 2030 it will add $260 billion, a doubling from…
Xi Jinping admits China is ‘relatively weak’ on innovation and needs more talent to dominate the tech ‘battlefield’
Indeed, Xi mentioned innovation 55 times in his speech on Tuesday, emphasizing it while discussing artificial intelligence, quantum technology, biotech, and new energy. And China’s tech breakthroughs are too scattered across various companies and sectors…
Taiwan reports Chinese ‘combat patrol’, Beijing vows to hunt independence ‘diehards’
TAIPEI/BEIJING – Taiwan’s defence ministry said on Wednesday that China had carried out another “joint combat readiness patrol” near the island, as Beijing said it would track down and punish “diehard” independence supporters wherever they…
China hopes EU will pursue a ‘rational, pragmatic’ policy towards the country, foreign minister says
China hopes the European side will pursue a “rational and pragmatic” policy towards the country, Foreign Minister Wang Yi said in a phone call with Hungarian Foreign Minister Peter Szijjarto on Tuesday.
Huawei tops China smartphone sales leading to 618 festival, up 42.4% y/y
Huawei’s sales were driven by continued demand for its new 5G products, said the research firm, which covers the technology, media and telecom industry. Total smartphone sales in China rose 6.8% during the period compared…
China’s high-carbon ferrochrome imports reached 311,800 mt in May, with a significant portion not under general trade [SMM Analysis]
According to Chinese customs statistics, China’s high-carbon ferrochrome imports amounted to 311,800 mt in May, down 82,800 mt MoM (-20.99% MoM) but up 91,600 mt YoY (+41.62% YoY). In January-May, the …
South China Sea: Hague ruling rejected by Beijing still casts long shadow over dispute
Eight years ago, when an international tribunal ruled against China over its disputes with the Philippines in the South China Sea, it was viewed as one of the biggest diplomatic setbacks for Beijing. Beijing has…
China Reveals Government Fund Misuse, Highlighting Fiscal Risks
China discovered that officials allowed cash raised from special bonds or funds from the central government budget to be invested in subpar or halted projects, raising questions about the effectiveness of current fiscal measures in…
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