Hundreds of people took to the streets of the largest city in China’s Henan province this week, calling on authorities to ensure the return of tens of billions of yuan invested in what could be…
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China’s economy worse off in some ways than 2020, says Premier
Li Keqiang tells officials to lower nation’s unemployment rate; economists expect China to miss growth target this year …
China’s voluntary pension funds lose US$10.9 billion amid equity-market volatility, pointing to need for more investor choice
China’s voluntary employee pension funds reported a 2.8 per cent loss in the first quarter as bets on the stock market blew up amid a slump, highlighting the impact of market volatility and …
China unveils multiple fiscal policies to support virus-hit sectors
China’s finance ministry on Wednesday rolled out multiple fiscal measures to further help market players overcome difficulties and sustain development. Local government financing guarantee …
Chinese internet firm Sohu’s employees duped by email scam that promised ‘allowances’ to those who provide their banking data
Some of the duped employees lost their savings after providing their banking data, the report said … employee’s password was leaked in an accidental phishing incident, according to Beijing-based …
China’s policy bank lends billions to key rural areas
The Agricultural Development Bank of China, the country’s rural policy bank, released about 20.5 billion yuan (about 3.1 billion U.S. dollars) of loans to 160 rural counties nationwide in the first …
China’s yuan slips as weak growth outlook weighs
China’s yuan weakened against the U.S. dollar on Wednesday as investor concerns about slowing growth in the world’s second-largest economy outweighed a softer greenback, as the country continues to …
China’s biggest hedge funds and insurers trim equity holdings in sign that market has not yet hit bottom
Hedge funds’ allocation to equities fell to 74.3 per cent from 79.5 per cent in March, while insurers’ stock holdings accounted for 12.1 per cent of total assets in the first quarter The benchmark …
After splashy opening, Whittle School faces financial struggles
The debut campus in China, known there as Huitong School … He said he has sought to keep them informed about financial realities, opting for a policy of transparency in a bid to secure as…
China Pledges Greater Credit Support to Stabilize Economy
Chinese authorities have pledged to increase credit issuance and enhance financial support for key businesses and fields. Strengthened financial support will be given for micro, small and medium-sized …
WRAPUP 1-Tightening COVID net, Beijing deals out punishments, stark warnings
China’s COVID-hit capital Beijing further tightened its dragnet on the virus with zero community transmission the target, punishing workplaces that flout rules or circumvent curbs and imploring …
Zero-Covid China gives Airbnb excuse to check out
Another foreign internet firm has vacated China. The $68 billion Airbnb said on Tuesday that it will shut all rental listings and tours in the People’s Republic by end-July, following similar retreats …
China Ensures Healthcare Access for All 510 Mln Rural Residents
China has expanded medical facilities in rural areas in the past decade to ensure its 509.8 million rural residents have access to basic medical services. By the end of 2021, China had set up 23,000…
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