China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week’s easing measures, as Beijing boosts efforts to …
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China set to lower lending benchmarks Monday to revive wobbly economy
SHANGHAI -China is widely expected to lower its benchmark lending rates on Monday, a Reuters survey showed, with a vast majority of participants predicting a deeper cut to the mortgage reference …
China’s United Imaging shares surge more than 70% in Shanghai STAR Market debut
United Imaging Healthcare Co’s shares soared more than 70 per cent in their Shanghai debut on Monday following the Chinese firm’s $1.6 billion initial public offering (IPO), the biggest on China’s …
World’s biggest Christmas product maker back in business after lockdown
The Chinese city that provides the bulk of the world’s Christmas products started to get back to business on Sunday (Aug 21) after a 10-day lockdown that choked economic activity, but restrictions …
First Mover Asia: Bitcoin Hovers Over $21K in Weekend Trading; India Crypto Industry’s Challenging Year
He added presciently: “Crypto is a technology that will survive no matter what. It’s just about “how fast do we want as a nation to grow in this sector?” 9:15 a.m. HKT/SGT(1:15 a.m. UTC): People’s…
Nerd is the word for young fashion followers in China
The look of a middle-aged, nerdy office worker is not usually regarded as fashionable — except in China, where “officialdom style” has become a hit among young …
Covid-19 in China: world’s biggest Christmas product maker gets back to business after 10-day lockdown
The eastern city of Yiwu is the biggest global supplier of festive decorations, but production had ground to a halt during the peak production season But lockdowns continued in other parts of the …
Xiaomi, World’s No. 3 Smartphone Brand, Says 2nd Qtr Profit Plunged By 83% Amid Economic Headwinds
Net profit at Beijing-headquartered Xiaomi, the world’s No. 3 smartphone brand, plunged by 83% in the three months to June from a year earlier to 1.36 billion yuan, or $200 million, amid “continued …
Power crunch in Sichuan province adds to manufacturers’ woes in China
The Chinese province of Sichuan activated its highest emergency response on Sunday to deal with “extremely outstanding” power supply deficiencies, adding to manufacturers’ w …
Explained: Why Is China Suffering From Electricity Shortages And Factory Closures?
The rolling blackouts in China have led to factory shutdowns. The extreme heatwave has led to a disruption of the region’s supply of water and hydropower, which has significantly impacted electricity …
MGM China to inject $594 million into Macau unit to re-tender for casino license
Casino operator MGM China Holding said it will inject 4.8 billion patacas ($594 million) into its MGM Grande Paradise unit as it prepares to re-tender for a licence to operate its gaming business in …
MGM China to inject $594 mln into Macau unit to re-tender for casino license
Casino operator MGM China Holding said it will inject 4.8 billion patacas ($594 million) into its MGM Grande Paradise unit as it prepares to re-tender for a licence to operate its gaming business in …
Power crunch in Sichuan adds to manufacturers’ woes in China
The Chinese province of Sichuan activated its highest emergency response on Sunday (Aug 21) to deal with “extremely outstanding” power supply deficiencies, adding to manufacturers’ woes in the region …
