The People’s Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday.
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China expectedly keeps key lending rates steady after May cut
Word is bonds: China’s provinces use special-purpose funds to pay debts
Hunan and Yunnan are using special-purpose bond funds to balance their books, the first provinces to do so as Beijing stresses financial risk control.
China warns of extensive flooding after heavy rains
Chinese authorities have warned of flash floods and swift currents in mountainous areas in the eastern, central, southern and southwestern regions of the country after heavy rains there.
Zhaoxin eyes IPO on China’s tech board as x86 chip losses mount
Shanghai Zhaoxin Semiconductor Co., Ltd. (Zhaoxin), a key Chinese developer of domestically produced x86-compatible CPUs, has filed for an IPO on the Shanghai STAR Market, targeting CNY4.169 billion …
China rolls out IPO welcome mat for unprofitable tech
To strengthen capital market support for technology startups, Qing Wu, chairman of the China Securities Regulatory Commission (CSRC), announced during the 2025 Lujiazui Forum on June 18, 2025, that …
Singapore looks to build its own Shenzhen with AI-powered SEZ in Johor
The AI data center industry encompasses advanced semiconductor manufacturing, high-end chips (GPU, CPU, ASIC), and system integration (SI). As countries push for “sovereign AI,” regional supply chains …
China’s AI DeepSeek Predicts the Price of XRP, Pepe and Dogecoin by the End of 2025
China’s sophisticated AI chatbot DeepSeek predicts several leading meme coins and altcoins will be setting new price highs by New Year.
WeChat friends help crypto thieves, Korbit denies hack: Asia Express
WeChat hackers use victims’ friends to steal crypto. South Korean exchange Korbit denies hack after 12-hour maintenance.
China cuts US Treasury stockpiles to 16-year low amid Trump’s trade war
China reduced its stockpile of US Treasuries to a 16-year low in April, as an escalating trade war with Washington sparked concerns about the long-standing status of American government bonds as the …
China recommits to global expansion of digital yuan amid the stablecoin mania
The head of China’s central bank has sworn to expand the international use of the digital yuan as other nations switch to stablecoins away from CBDCs.
Chinese student who drugged and raped 10 women in UK and China sentenced to life in prison
A serial rapist who was convicted of raping 10 women in the United Kingdom and China has been jailed for life with a minimum term of 24 years.
FCC says it could fine China Mobile for failure to cooperate amid ongoing probe
The Federal Communications Commission (FCC) has warned China Mobile that it faces a fine unless the company cooperates with the agency’s investigation into its US operations. In a citation and order …
A new coronavirus variant is spreading. A doctor explains what people should know
A new Covid-19 variant called NB.1.8.1, or Nimbus, represents about a third of new US Covid-19 cases. Dr. Leana Wen answers common questions about the new variant.
