China will gradually raise its statutory retirement age, now among the world’s lowest, to allow people to work longer, as it struggles to relieve soaring pressure on pension budgets, with many …
Tagged By beijing
China faces growing scepticism over its commitment to decade-old policy pledges
As imbalances in China’s economy deepen, pressure is growing on Beijing to deliver on the decade-old policy promises it revived at an agenda-setting leadership meeting last week, having failed to …
Mystery bond buyer clears major China developer’s debt at 90 per cent discount
China Fortune Land Development’s debt default in 2021 marked the beginning of the country’s property crisis. Read more at straitstimes.com.
Summer of devastating floods shows steep challenge for China as it grapples with extreme weather
Widespread flooding underscores major challenges for Beijing as emergency response becomes a regular occurrence – and as climate change drives more extreme weather.
China’s central bank cuts interest rates, moving to put more pep into the economy
China’s central bank has cut both its five-year loan prime rate and its one-year rate, moving to revive its ailing property sector and rev up the slowing economy. The five-year …
China finally agrees with Trump on something — they both think Kamala Harris can’t win
Despite polling on par so far with Biden, Harris is relatively unknown in China, where people see Trump winning as a foregone conclusion.
Why was Usain Bolt’s Beijing Olympic relay medal revoked? All about the incident that shattered his three medal win streak
The race with Usain Bolt, Asafa Powell, Nesta Carter, and Michael Frater that shattered records in Beijing It all began at the Beijing Olympics in 2008. Usain Bolt had become the talk of the town…
Beijing, Manila reach arrangement for supplies to illegal Philippine vessel
Beijing and Manila reached a provisional arrangement on the humanitarian resupply of living necessities to an illegally grounded Philippine vessel, as the two sides had a series of consultation on managing the situation at Ren’ai…
China surprises with cuts to key rates to support weak economy
China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on Monday, in efforts to boost growth in the world’s second-largest economy. The cuts come after China …
China’s Philippines embassy demands answers for propaganda against COVID vaccine
The Chinese embassy in the Philippines said on Monday the United States should give an explanation to the Filipino people as soon as possible for its false propaganda against China’s COVID-19 vaccine.
China lowers lending benchmarks after PBOC’s surprise rate cut
China cut benchmark lending rates at a monthly fixing on Monday, after the central bank surprised the markets by lowering a key short-term policy rate earlier in the session. The one-year loan prime …
China, Philippines agree on ‘provisional arrangement’ for South China Sea resupply missions, Manila says
The Philippines and China have “reached an understanding on the provisional arrangement” for resupply missions to a beached Filipino naval ship in the South China Sea, Manila’s foreign ministry said …
China Vows to Accelerate New Affordable-Housing Model
China’s ruling Communist Party pledged to accelerate a new housing model that emphasizes renting and ramps up affordable homes, following a record property slump.
