BEIJING (Reuters) – Profits at China’s industrial firms grew at a faster pace in March from a year earlier, despite the negative impact on the economy from COVID-19 outbreaks and the Ukraine war, …
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China’s industrial profit growth quickens amid virus outbreaks
Shenzhen to give away 15 million yuan in digital RMB ‘red packets’ to local residents
Shenzhen’s Futian district will give away 15 million yuan ($2.29 million) in digital yuan (or RMB) to local residents this Friday, the latest move to boost consumption amid the …
Will Beijing see a Shanghai-style lockdown?
An order of mass testing has residents in China’s capital worries they could be embarking on a Shanghai-style nightmare.
CX Daily: Five Things to Know About China’s Overarching Financial Stability Law
Law / Five Things to Know About China’s Overarching Financial Stability Law. China’s central bank on April 6 unveiled a draft financial stability law that seeks to unify the c …
More Pain Predicted For China Stock Market
The China stock market has finished lower in consecutive trading days, surrendering more than 200 points or 6.6 percent along the way. The Shanghai Composite Index now rests just beneath the …
Tax Relief for Manufacturing SMEs Bears Fruit as China Defers US$39 Billion
Manufacturing SMEs enjoyed US$39.1 billion in tax deferrals in March 2022. What China tax incentives are available for SMEs, and can they help boost growth?
China’s industrial profits up 8.5 pct in Q1
Profits of China’s major industrial firms rose 8.5 percent year on year in the first quarter of 2022, official data showed on Wednesday. Industrial firms each with annual main business revenue of at …
China paying price for sitting on fence in Russia-Ukraine conflict: Blinken
China is paying a “reputational cost” for sitting on fence on Russia’s invasion of Ukraine, US Secretary of State Tony Blinken told lawmakers on Tuesday.
Anger erupts at China’s ‘Big White’ army of Covid-19 lockdown enforcers
Shortly after Shanghai went into lockdown, Mr Mark Liu volunteered to help authorities provide essential goods to millions of residents by becoming what’s known as a Dabai, or “Big White”. . Read more …
China policymakers disagree on property crackdown
Chinese regulators led by vice-premier Liu He are concerned that the government is underestimating the economic impact of its crackdown on the property sector and Covid-19 lockdowns in Shanghai and …
Oil prices extend gains after news of China stimulus
Oil prices rose in early Asian trade on Wednesday, extending gains from the previous session after China’s central bank said it would support its economy.
China’s Weakening Yuan Is Good for Everyone
China’s economy needs all the help it can get. Draconian efforts to contain Covid-19 are eroding growth prospects and weakening the yuan. Good thing Beijing never ceded full control of its currency to …
Jeff Bezos floats theory that China has ‘leverage’ over Twitter after Elon Musk buyout
After Twitter announced on Monday that it had accepted Tesla CEO Elon Musk’s $44 billion deal to buy the company, Amazon founder Jeff Bezos publicly questioned whether China would gain “leverage” over …
