At least seven people died on Wednesday due to flashfloods in southwestern China, officials said. “Four (missing people) have been rescued, while seven have already been confirmed dead,” broadcaster …
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Flashfloods kill 7 in southwestern China, death toll climbs to 33 in Beijing downpour
China Consumer Prices Fall. It’s Not Quite Deflation But a Sign of a Faltering Economy.
Chinese consumer prices fell in July for the first time since the depths of the pandemic, the latest indication that the world’s second-largest economy is weak. The consumer price index declined 0.3% …
China trade surplus narrows sharply in July as exports, imports both posted double-digit decline
China’s trade surplus plunged to $80.6 billion in July 2023 from $102.7 billion in the same period a year earlier, compared to market forecasts of $70.6 billion, as exports fell
Japanese Carmakers See Next Few Years as Fight for Survival in China
This year, analysts expect Chinese brands to surpass foreign brands in their share of the overall domestic market for the first time in decades. Already in the first six months of 2023, local brands …
AstraZeneca signs vaccine deal with China’s CanSino
AstraZeneca has signed a deal with Chinese pharmaceutical company CanSino Biologics for the early development of potential messenger RNA vaccines, as the company expands its work in vaccines to include the technology first proven in…
China to Require All Apps to Share Business Details in New Oversight Push
HONG KONG (Reuters) – China will require all mobile app providers in the country to file business details with the government, its information ministry said, marking Beijing’s latest effort to keep the industry on a…
Explainer: Why was northern China ravaged by floods?
A Chinese river basin where 110 million people live has been hit by the worst floods since 1963 despite massive mitigation efforts, particularly during the rule of Mao Zedong, overwhelmed by the impact of global…
How China is responding to economic challenges
China on Wednesday reported it had entered deflation for the first time since 2021 — the latest indicator pointing to a slowdown in the world’s second-largest economy.Here’s how Beijing is attempting …
China leads race to modernise global money flows
A new platform to expand the reach of China’s digital yuan and other central bank digital currencies is moving closer to reality, raising eyebrows among some defenders of a system long dominated by …
Record China Data Revision May Make Export Picture Look Better
China’s customs authority made the biggest downgrade on record to a monthly export figure, a move that could paint a more flattering picture of trade data already plunging amid weak global demand.
Deflation another sign China’s ‘economic miracle’ is over
China’s slide into deflation will increase calls for stimulus. There’s no shortage of suggestions, but the Xi administration seems unwilling to deliver.
Stock market today: Asia shares mostly decline after Wall Street slide on bank worries
Asian shares are mostly trading lower after worries about the U.S. banking system set off a decline on Wall Street and amid concerns closer to home about Chinese economic growth.
Asian shares weaken slightly on China deflation risk, bank jitters
China’s onshore yuan moved away from a three-week low … with consumer prices falling by more than expected in the month to mid-July. The central bank cut interest rates by 50 basis points last week.
