Five executives from a Filecoin mining service are facing a lawsuit at the People’s Court of Pingan County in China, over allegations that they pilfered millions of dollars and left investors in ruin.
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China wants everyone to stop talking about the terrible economy and presses pause on publishing youth unemployment stats
In a widely-circulated article earlier this year, Wang Mingyuan, a researcher at the Reform and Development Institute of Beijing, a think tank, suggested that China sets its threshold for employment …
‘Greatest Rug Pull Ever’—‘Shocking’ Fed Warning Heralds Bitcoin, Ethereum, XRP And Crypto Price Chaos
One closely-watch bitcoin and crypto analyst has warned the Federal Reserve is about to trigger that “greatest rug pull …
Dubai Automaker to Pump Cash Into China Evergrande’s EV Business
The Chinese property developer’s fledgling auto unit said NWTN’s $500 million investment will help it meet imminent funding needs.
Volvo to be first company in China to import remanufactured engine
The remanufactured engine to be imported by Volvo Construction Equipment (China) will arrive in the country in late September, Chen Chaoping, the company’s head of uptime and parts said in a media …
Column: China’s iron ore imports may hold up despite gloomy economy
A swathe of poor economic data in China is putting pressure on the price of iron ore, which is struggling to hold above the key psychological level of $100 a metric ton.
China Slashes Rates, Suspends Youth Jobless Data as Economy Signals Sharper Downturn
SINGAPORE—Chinese officials said they would stop reporting the country’s youth unemployment rate after months of spiraling increases, depriving investors, economists and businesses of another key data …
China’s Central Bank Unexpectedly Slashes Rates To Bolster Struggling Economy
Unlike some other global central banks, China has loosened its monetary policy to boost a stalling recovery while others tighten their grip to fight high inflation. This decision has further widened …
China’s July oil refinery runs rise to meet domestic, export demand
China’s oil refinery throughput in July rose 17.4 per cent from a year earlier, data showed on Tuesday, as refiners kept output elevated to meet demand for domestic summer travel and to cash in on…
China cuts key rates as weak batch of July data darkens economic outlook
A broad array of Chinese data on Tuesday highlighted intensifying pressure on the economy from multiple fronts, prompting Beijing to cut key policy rates to shore up activity but analysts say more support is needed…
China is on course to overtake Japan and become the world’s No.1 car exporter
China is on course to overtake Japan to become the world’s number one car exporter by the end of the year, according to Moody’s Analytics.
Stock market today: Asian stocks mixed after China reports weak July data and cuts key interest rate
Asian stock markets are mixed after China reported weak July consumer and business activity and its central bank cut a key interest rate to shore up the struggling economy
China is on course to overtake Japan to become the world’s No.1 car exporter
China is on course to overtake Japan to become the world’s number one car exporter by the end of the year, according to Moody’s Analytics.
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