The People’s Bank of China reduced its one-year loan prime rate by 0.1 percentage point to 3.45% while the five-year rate was kept unchanged at 4.2%, disappointing investors.
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Chinese Stocks Drop. China’s Central Bank Delivered an Unwelcome Surprise.
New WHO chief scientist backs fact-finding mission to China to examine whether COVID accidentally leaked from Wuhan virus lab
Infectious diseases expert Jeremy Farrar has himself been at the center of the debate over the mysterious origins of COVID, which first broke out in China in late 2019.
China’s economy is hitting a wall after years of optimism, former Treasury Secretary says
According to Summers, US GDP is set to exceed China’s for another generation.
The Deep Problems Underlying China’s Economy
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world The …
China’s exports of gallium, germanium soar in July ahead of export controls
China’s exports of gallium and germanium soared in July ahead of export controls that took effect on August 1, data from the General Administration of Customs (GAC) showed. China exported 7.58 tons of …
China’s economy is sick and could infect the US
China’s economic slowdown looks likely to worsen, a reality that could inflict some pain on U.S. companies highly reliant on their business with the country.
China fines US research firm $1.5 million in crackdown on information-gathering
An American research firm has been fined $1.5 million by China’s government in a crackdown on information-gathering that has rattled foreign investors …
Beijing: real estate crisis spreads to financial brokerage firms
China’s bubble ready to burst, as shown by the China Evergrande Group filing for bankruptcy protection in New York. Construction giants and huge defaults. The woes of Zhongzhi, empire of fina …
China surprises with modest rate cut amid growing yuan risks
China cut its one-year benchmark lending rate on Monday as authorities seek to ramp up efforts to stimulate credit demand, but surprised markets by keeping the five-year rate unchanged amid broader …
China state banks seen mopping up offshore yuan to stem currency weakness
SHANGHAI (Reuters) -China’s major state-owned banks were seen actively mopping up the offshore yuan on Monday, three people with knowledge of the matter said, as the currency comes under growing pressure from a darkening economic…
CHINA UNICOM Jul 5G Net Increase Accelerates to Over 5.74M
CHINA UNICOM (00762.HK) reported the aggregate number of “Big Connectivity” subscribers in July amounted to nearly 937 million, representing a net increase of 8.593 million or 0.9% MoM. Among which …
Booming China-Russia Trade Sends Trench-Digging Machines to Ukraine’s Front Lines
Mutually-beneficial ties have given Moscow a customer for its oil and gas and made China the world’s top car-exporting nation.
Popeyes to open 1,700 new China sites in next ten years
These stores will be operated by Tim Hortons China, which acquired exclusive rights this March to develop and sub-franchise the restaurant brand in mainland China and Macao. According to Tim Hortons …
