China ’s economy has reportedly fallen into what is known as a “ deflation ” – although this term has been vigorously denied by the country’s government. According to several reports, the National …
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China deflation: why are prices going down?
China’s Tencent posts smaller than expected revenue growth
China’s Tencent Holdings posted a smaller-than-expected 11% rise in second-quarter revenue on Wednesday, as the country’s sputtering economic recovery weighed on the social media and gaming giant’s …
Beijing Is Caught in a Catch-22 as Economy, Currency Stumble
China wants to boost its sluggish economy and keep its currency stable, but that is proving a difficult juggling act.
China police warn dangers of playing on high rises in shocking video
Police in China have shared footage of a child playing on a window ledge – in an effort to urge parents to carefully watch children playing on high rise buildings. A neighbour in Zhengzhou, Henan,…
China’s Country Garden says ‘major uncertainties’ over bond payments
China’s troubled property giant Country Garden said Wednesday there were “major uncertainties” over payments on its bonds, with fears swirling about the health of the country’s heavily indebted real …
China thwarts Intel’s $5.4bn Israeli chipmaker purchase
Intel said on Wednesday that it was abandoning an attempt to purchase Israeli chipmaker Tower Semiconductor, after failing to secure regulatory approval in China for the $5.4bn deal.
‘New world order’ backfires on China and Russia amid economic disruption
It was only a year ago that Beijing and Moscow touted a new world order, but things appear to be unraveling fast for their economies. Exports, manufacturing activity and property prices are sliding in …
China’s Oil Imports From Iran Set To Hit Decade-High In August
China is expected to import as much as 1.5 million barrels per day (bpd) of crude oil from Iran in August, the highest since 2013, per estimates from data intelligence firm Kpler cited by Bloomberg.
China Stocks Slump as Economic Gloom Spreads
Since then, China has released a string of worrying economic data. Prices consumers and business pay are falling, raising the threat of deflation. Retail sales and industrial production in July missed economists’ expectations, and investment…
China’s car companies are turning into tech companies
China has already won the race to electrify its vehicles. Now it’s pushing ahead and adding more features and services to attract new customers.
Americans back tariffs, military prep against China -Reuters/Ipsos poll
Bipartisan majorities of Americans favor more tariffs on Chinese goods and believe that the United States needs to step up preparations for military threats from the country, according to a new Reuters/Ipsos survey.
China’s economic woes keep getting worse. Here’s why
China has seen a series of disappointing economic data this year. UBS’ Tao Wang explains what went wrong with the anticipated recovery after China’s tough COVID restrictions, and what could come next.
A key Chinese shadow bank has missed payments on dozens of investments, and it shows just how bad things are in the world’s second-largest economy
Wang Qiang, the company’s chief compliance officer, told investors earlier this week that the company — a part of China’s shadow banking sector — had missed payments on at least 30 products, Bloomberg reported Wednesday,…
