China has released draft guidelines aimed at curbing excessive spending on online gaming. The proposal caused shares in the biggest Chinese gaming companies, Tencent and NetEase, to plunge in Hong …
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China drafts new rules proposing restrictions on online gaming
Yemen’s Houthis Doing China ‘A Big Favor’ by Fighting US—Professor
The Houthi movement has declared war on a U.S.-led coalition seeking to protect shipping lanes in the Red Sea.
China issues rules to curb gaming spend; Tencent, NetEase plunge
Chinese regulators announced on Friday a wide range of rules aimed at curbing spending and rewards that encourage video games, dealing a blow to the world’s biggest games market, which returned to …
China’s Financial Stress Is Mounting. Beijing Faces a Painful Decision.
Ratings firm Moody’s put China’s debt on a negative outlook. Property developer defaults are just a piece of the problem.
Tencent loses $50 billion as China issues new draft rules targeting in-game spending
Shares of several Chinese tech giants tanked in Hong Kong, after Beijing unveiled a new set of regulations to restrict online spending in the gaming industry as part of its wider crackdown.
China’s Big Banks Cut Deposit Rates as Growth Plateaus
China’s biggest banks are lowering the deposit rates offered to savers, a move that could pave the way for the central bank to make interest-rate cuts to spur economic growth.
China stocks rise after five banks cut interest rates; HK down on gaming rules
Five of China’s largest state banks, including Agricultural Bank of China and China Construction Bank, cut interest rates on some deposits from Friday, providing room to reduce lending costs as the …
After bumpy recovery, China’s economy faces serious headwinds in 2024
The world’s second-largest economy is heading into 2024 on a precarious footing amid deep-seated structural issues.
China mega banks cut deposit rates, signaling more policy easing
The move will pave the way for the People’s Bank of China to guide loan prime rates (LPR) lower to support the economy. Read more at straitstimes.com.
Freezing Beijing weather cannot stop a man who is looking for love
Fingers stiff and faces frozen into scowling death masks, my friend and I greeted one another like everyone does in Beijing these days, by talking about how cold we were. His knees were numb after…
China lifts ban on Taiwanese grouper fish imports in carrot and stick diplomacy
China will resume importing grouper fish from Taiwan from Friday, the Chinese government announced, just one day after angering Taipei with the ending of tariff cuts on some chemical imports less than …
Tencent, Netease shares plummet on new China online gaming guidelines
Tencent and Netease shares plunged on Friday after China released draft guidelines aimed at curbing incentives that may lead to excessive gaming and spending.
Shenzhen’s Exports to Likely Top Chinese Cities for 31st Straight Year
(Yicai) Dec. 22 — Shenzhen in China’s southern Guangdong province will likely continue to top Chinese cities in exports for the 31st consecutive year, thanks to local private companies and the …
