This view is consistent with the World Bank and International Monetary Fund (IMF) which forecast a further slowdown in China’s GDP in 2024.
Tagged By business
WeBank and FISCO host annual Blockchain Ecosystem Day, celebrating innovations and accomplishments in the blockchain industry
SHENZHEN, China, Dec. 28, 2023 /PRNewswire/ — Recently in Shenzhen, WeBank and the Financial Services Blockchain Consortium (FISCO) hosted the 2023 Industrial Blockchain Ecosystem Day and celebrated …
Nvidia slowed RTX 4090 GPU by 11 percent, to make it 100 percent legal for export to China
For now Nvidia’s GeForce RTX 4090 GPU is back on sale in China – in a less capable configuration version designed to comply with US restrictions on exports into the Middle Kingdom.… Dubbed the RTX…
First digital yuan wallet seizure, China’s $10B Web3 fund, Starbucks NFTs: Asia Express
China’s GBA Capital unveils $10B metaverse fund, first digital yuan CBDC wallet seizure, Tencent’s fleet blockchain patent.
American companies are wary of investing in China, except for burgers and lattes
A survey released in September by the U.S.-China Business Council, which represents American companies in China, suggested that the uncertainty has taken a toll: 43% of its members said China’s …
China Tightens Crypto Grip with Zhao’s 7-Year Sentence
China’s crackdown on illicit crypto activities leads to a 7-year prison sentence for Zhao Dong, exposing a $2.2 billion illegal operation.
US companies are picky about investing in China. The exceptions? Burgers and lattes
It was a tumultuous 2023 for the Chinese economy. Some of the world’s biggest brands took action or said they were considering shifting manufacturing away from China during a time of unease about …
American fast-food companies find China’s 1.4 billion population too delicious to resist
But as a tumultuous 2023 for the Chinese economy comes to a close, there has been at least one bright spot for Beijing when it comes to foreign investment: American fast-food chains have decided a…
Russian pipeline gas exports to China to exceed 22.5 bcm in 2023 – Gazprom
Russian natural gas exports to China via Power of Siberia 1 pipeline will exceed 22.5 billion cubic metres (bcm) this year, Alexei Miller, the head of state-owned energy giant Gazprom said on Thursday …
US firms picky about investing in China. The exceptions? Burgers, lattes
There’s been no shortage of tough news for China’s economy as some of the world’s biggest brands consider or take action to shift manufacturing to friendlier shores at a time of unease about security …
China to adjust tariffs on certain imports, exports in 2024
China will adjust its tariff rates on imports and exports from Jan. 1, 2024, the Customs Tariff Commission of the State Council announced. This was reported by …
Tether In Crosshair Amid China’s Crackdown On Illegal Forex Trading
Chinese authorities recently decided to crackdown on illicit foreign trades involving crypto, especially Tether (USDT) …
China’s Xiaomi dreams of building a car ‘as good as’ Porsche and Tesla
Xiaomi has unveiled its first electric car, just days after Huawei launched another one of its own, showing that the efforts of Chinese tech giants to join the electric vehicle race are beginning to …
