Officials in Beijing have taken drastic steps to stimulate key sectors of its flagging economy by selling off billions of dollars in bonds. The People’s Bank of China has asked for advice on pricing …
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Beijing residents celebrate Mid-Autumn Festival with garden activities Photo: Chen Tao/GT
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China takes drastic action to kickstart economy in ‘crucial moment’ for Beijing
China to kick off 1 trillion yuan stimulus bond issues this week
China’s finance ministry plans to start raising 1 trillion yuan ($138 billion) in long-awaited, long-term special treasury bonds this week to raise funds it will use to stimulate key sectors of its flagging economy.
China Said to Plan First Ultra-Long Central Debt Sale on Friday
The Finance Ministry didn’t immediately respond to a request for comment. The Financial Times reported earlier that the People’s Bank of China has asked brokers for advice on pricing the sale of the first batch…
Shein Leans to London IPO Amid U.S. Hurdles
The fast-fashion company headquartered in Singapore hasn’t ruled out a U.S. listing, but the London Stock Exchange offers an easier route to going public, possibly within a month.
Nokia’s 90s classic 3210 goes out of stock in China!
Nokia 3210 (4G) feature is out of stock in China due to the popular demand after its launch in country. Learn more about it here.
China creates its largest ever quantum computing chip — and it could be key to building the nation’s own ‘quantum cloud’
China’s supersized superconducting chip looks to match the performance of industry leaders like IBM and will be used to help scale up the performance of quantum computers globally.
China and US envoys will hold first top-level dialogue on artificial intelligence
High-level envoys from the United States and China are set to meet in Geneva for talks about artificial intelligence including the risks of the technology and ways to set shared standards to manage it …
China asks tech firms to favor local AI chips over Nvidia’s: The Information
Chinese officials have asked tech firms to prioritize domestically produced AI chips over foreign ones, impacting companies like Nvidia. Read more here.
US aims to stay ahead of China in using AI to fly fighter jets
Two Air Force fighter jets recently squared off in a dogfight in California. One was flown by a pilot. The other wasn’t.
China’s Massive Crackdown: Busts $295 Million Underground Bank in Recent Operation
China busts $295 million underground bank and the authorities have arrested six suspects for their role in illegal cryptocurrency-driven transa …
China’s commodity imports show prices beat economic narrative
China’s imports of major commodities for April show the impact of price trends, with strength where prices were trending down and weakness where prices were moving higher.
China’s Digital Yuan Isn’t Taking Off Despite State Employee Salary Trial: Report
Many consumers prefer to use online payment tools such as Alipay and WeChat Pay.The digital yuan is fraught with privacy concerns as it …
Nio, Alibaba shares jump as China breakout rally looks set to continue: analyst
U.S.-listed shares of China-based companies were enjoying a broad rally Monday, and J.P. Morgan said their run-up since the start of the year could
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