But a subsequent call by the People’s Bank of China for banks to be allowed to make a “reasonable profit” helps explain why smaller-than-expected reductions to core lending rates were unveiled on …
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China’s rate caution shines light on $56tn banking system
China is on the verge of economic and social implosion
The West is waking up, as usual late in the day, to the fact that the post-Covid economic rebound that Beijing has stridently heralded since the start of 2023 is simply not going to happen.…
China fines Mintz $1.5 mln for ‘unapproved’ work, after raiding its Beijing office
China fined U.S. firm Mintz Group about $1.5 million for doing “unapproved statistical work”, said a Beijing Municipal Bureau of Statistics notice, after a raid of its Beijing office sparked worries …
North Korea Flies World’s Worst Airline to Beijing for First Time Since 2020
North Korea’s state airline made its first international trip since the start of the Covid pandemic, in a sign of easing border restrictions that could repatriate its stranded nationals abroad and …
China’s blueprint for an alternative world order
Beijing is using its economic muscle to rally developing countries and reduce the west’s influence over the UN
Korea’s Exports Fall as Chinese Economy Sputters
Korea’s exports fell below US$30 billion in the first 20 days of August because the economy of China, the country’s biggest export market, is sputtering.The Korea Customs Service said exports totaled …
Oil dips on possible easing of tight supply, China woes hurt demand outlook
Oil edged lower on Tuesday as the market waited to see if Iraqi oil exports resume, which could ease the supply tightness caused by the OPEC+ cut, while a faltering Chinese economy continued to …
China’s cathode billionaire targets US battery market via South Korea IPO
In an example of how US and Chinese companies are finding new ways to co-operate, the world’s biggest battery producer, China’s CATL, signed a deal in February with Ford to license the Chinese group’s technology…
Air Koryo flies to Beijing for first time in 3 years
BEIJING: An Air Koryo passenger flight from Pyongyang landed at Beijing Capital Airport on Tuesday morning, according to tracking app Flight Master, in what would be the first commercial flight from …
Wall Street Sees No End to Yuan Losses Despite Beijing Pushback
(Bloomberg) — While Beijing moves to stabilize the yuan, Wall Street still sees plenty of room for the Chinese currency to fall. Most Read from Bloomberg Borrowers With $39 Billion in Student Loans …
China’s general public budget revenue up 11.5% in first seven months
BEIJING — China’s general public budget revenue increased 11.5 percent year-on-year to around 13.93 trillion yuan ($1.94 trillion) in the first seven months of this year, official data showed Monday.
China allocates subsidies for autumn grain fertilizer, pesticide sprays
BEIJING — China’s finance ministry has allocated 2.4 billion yuan (about $329.7 million) in subsidies for fertilizers, pesticides and other agricultural sprays to help ensure a bumper harvest of …
China revises regulations to improve business environment
Citizens handle business at Shanghai’s Pilot Free Trade Zone Lingang Special Area in east China’s Shanghai, May 12, 2023. [Photo/Xinhua] Chinese Premier Li Qiang has signed a State Council decree …
