China plans to boost domestic consumption by offering interest subsidies on loans to households and businesses, aiming to reduce borrowing costs and spur spending, Vice Finance Minister Liao Min said …
Featured Posts Title
Why China Thinks It Can Resist Trump’s Economic Threats on Iran
China’s latest COVID-19 wave begins to ease after peaking in mid-August: CDC
US designates American held by China as wrongfully detained
Indonesia and China discuss increasing defense cooperation and energy security
America’s Scientific Elite Is Fueling China’s Military Machine
China’s COVID-19 wave peaks and declines, no major threat detected
Neue Corona-Studien Virus kam wohl vom Tiermarkt in Wuhan
Recent Posts
China pledges more financial support for consumption with loan interest subsidy
China unveils new stimulus plan to subsidize consumption-tailored loans
In China’s latest effort to boost domestic consumption, three government departments announced a plan to provide subsidies on qualified personal consumer loans with a maximum of 3,000 yuan ($417.5) …
UK companies in China buoyed by diplomatic thaw
Warming between London and Beijing encourages expansion by British businesses in world’s second-largest economy …
Chinese Builder Wongtee Sinks After Its Major Asset Is Set for Judicial Auction at Slashed Price
To resolve such debt issue, Wongtee put Wongtee Plaza up for sale for CNY7.5 billion on the Shenzhen United Property and Equity Exchange platform in March 2022. As no buyer showed any interest, the …
Unwed mom’s childcare subsidy rejection sparks debate in China
The subsidy is for childbirth and not marriage, some argue. Read more at straitstimes.com. Read more at straitstimes.com.
Why China’s banks are hunting for fortunes stashed abroad
BEHIND the gates of an opulent mansion in Vancouver, San Francisco, or Sydney, a wealthy Chinese individual lives a life of quiet opulence, his wealth secured in offshore accounts and real estate. Meanwhile,
China Is Winning the Cyberwar
The attack, dubbed “Salt Typhoon,” constituted a large part of a global campaign against telecoms, and it penetrated systems at many U.S. carriers so thoroughly that officials will almost certainly …
India-China Thaw Takes Shape as Modi Embraces BRICS Over Trump
India and China are restoring economic links strained by a deadly 2020 border clash, the latest sign Prime Minister Narendra Modi is drawing closer to BRICS after US President Donald Trump hit the …
China’s property crisis hits new low with Evergrande delisting
The company, once China’s biggest developer by sales, will be removed from the Hong Kong stock exchange on August 25
Donald Trump considers allowing Nvidia to sell more advanced chips in China
President Donald Trump said yesterday that he might allow Nvidia to sell a more advanced artificial intelligence chip in China, after confirming he had “negotiated a little deal” to give the US a share of…
Top Chinese cancer scientist quits US post for Shenzhen as Trump cuts varsity funds
Prominent liver cancer scientist Feng Gensheng returned to China after 40 years in North America, mostly in the United States this month amid a …
China to set preliminary duty on Canadian canola after anti-dumping probe
China on Tuesday announced a preliminary anti-dumping duty on Canadian canola imports — a fresh escalation in a yearlong trade dispute that began with Ottawa’s imposition of tariffs on Chinese electric vehicle imports last August.
China’s property crisis icon Evergrande will delist following debt woes
The severely indebted real estate developer China Evergrande, already in the process of liquidation, said on Tuesday it will be delisted from Hong Kong’s stock exchange on Aug. 25, another setback to mainland China’s property…
