China tech firms listed in Hong Kong rose on Thursday, after Chinese President Xi Jinping signaled support to the country’s leading payment and fintech firms in the latest indication that Beijing is …
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Xi vows to meet China’s growth target that analysts say is out of reach
Most economists expect Beijing will miss its GDP growth goal of 5.5% this year. Read more at straitstimes.com.
BMW starts production at new $2.2 billion China plant to ramp up EV output
Germany’s BMW said on Thursday that production has formally begun at a new plant in China with an investment of 15 billion yuan ($2.24 billion) as the carmaker accelerates electric vehicle (EV) …
US-China relations: Beijing has own ‘trade weapons’ to counter Xinjiang ‘forced labour’ law
China has the power to unleash its own trade weapons against the United States in response to a new law banning imports from Xinjiang over alleged forced labour, analysts say, as Beijing vows action …
Commentary: China is too focused on worst-case scenario to give up zero-COVID now
Much of its population is fully vaccinated, but China’s government is still hesitant about what a small fatality rate can do in the world’s biggest population, says NUS East Asian Institute’s Dr Chen …
ADDX partners China Construction Bank on US$200 mil allocation under China’s official offshore investment scheme
Both parties also announced the signing of an MOU that will pave the way for them to work together on the US$200 mil allocation …
China’s cash-strapped local governments accused of misusing funds as economic pressure grows
China’s audit office says local governments have misused proceeds from special purpose bonds and falsified information to receive coronavirus subsidies 23 small- and medium-sized banks were found to …
China agrees to provide $2.3 billion loan amid economic crisis
Finance minister says inflow is expected within a couple of days, thanks the Chinese govt for facilitating transaction …
CAITEC report – Multinationals in China: New Possibilities in Reshaping of Global Supply Chains
The 3rd Qingdao Multinationals Summit, co-organized by China’s Ministry of Commerce and the Shandong provincial government, was held in Qingdao, East China’s Shandong province, on June 19. The report, …
China achieves ‘brain-scale’ AI with latest supercomputer
Computer scientists in China claim to have run an artificial intelligence program using architecture that is as complex as the human brain. The AI model, named ‘bagualu’ or ‘alchemist’s pot’, was run …
Deutsche Bank Awaits Market Calm Before Going Long China Stocks
Deutsche Bank AG’s private-banking arm said it may upgrade its view on Chinese equities to overweight in the next few months, as it sees US inflation peaking and calm returning to global markets in …
China Sends Warplanes Near Taiwan After US Rejects Strait Claims
China sent its third-largest sortie of warplanes toward Taiwan this year, after the US rejected Chinese claims over the Taiwan Strait and reports of arms sales talks with Taipei in Washington. Most …
Beijing caps coal prices to stave off power blackouts
China is trying to stave off widespread power outages this summer by ensuring generators have access to cheap coal, but with demand soaring some traders are breaching price caps.
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