One of China’s most populous provinces has deleted mortality data that offered an indication of the heavy death toll from Beijing’s relaxation of Covid-19 controls at the end of last year. The …
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China’s Shenzhen sets up over 35m e-CNY wallets
SHENZHEN – The southern Chinese metropolis of Shenzhen, the country’s first pilot city for its digital fiat currency, had opened 35.94 million e-CNY wallets by the end of June, 7.6 million more than …
Flood victims rescued in China’s Fuzhou after typhoon
STORY: Footage from the Fuzhou Fire Department showed residents being ferried across the city’s flooded roads, where the outer reaches of Typhoon Talim had caused heavy rainfall, according to the …
Deutsche Bank Cuts China’s 2023 Growth Forecast to 5.3%
(Reuters) – Deutsche Bank lowered its forecast for China’s economic growth forecast this year to 5.3%, from 6% earlier, citing weakness in domestic consumption demand and a deterioration in the …
China’s Financial Regulatory Regime Finding Its Feet
Beijing released an official plan to reform Party and state institutions. This document lays out plans to address deficiencies in …
China’s aluminium imports rise 10.7% y/y in H1
BEIJING: China’s aluminium imports in the first half of 2023 rose 10.7% from a year earlier, customs data showed on Tuesday, with domestic supplies constrained by power woes and demand expectations.
China AI Chip Firm Targeting Nvidia Seeks Hong Kong IPO in 2023
Chinese chip startup Shanghai Biren Intelligent Technology Co. is considering an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter, aiming to …
Typhoon Talim leaves behind crushed vehicles, beached whale in southern China
Trees fell on moving vehicles, a whale washed ashore and a freezer full of ice cream floated off in floods as Typhoon Talim made its way across China’s southern provinces on Tuesday.
China’s Beer Sales Boom in First Half Driven by Hot Demand for Craft Beers
While Zhujiang Beer is anticipating a between 10 percent and 20 percent jump in net profit to between CNY345 million (USD48 million) and CNY377 million. The Guangzhou, southern Guangdong …
Australian skincare brand Grown Alchemist expands into China
Australian skincare label Grown Alchemist has expanded into China through an exclusive partnership with Sephora China.
China’s Shenzhen sets up over 35 mln e-CNY wallets
The southern Chinese metropolis of Shenzhen, the country’s first pilot city for its digital fiat currency, had opened 35.94 million e-CNY wallets by the end of June, 7.6 million more than the number …
Shenzhen, China: 36m Digital Yuan Wallets Opened So Far – CBDC Pilot Gathers Pace
The Chinese city of Shenzhen says its residents have opened almost 36 million digital yuan wallets, as the country’s CBDC pilot breaks new ground.
China’s risk of deflation is ‘serious’ — one economist says it’s ‘time to act’
China producer prices suggest deflationary price pressures seen in upstream sectors, Grow Investment Group’s chief economist Hong Hao said. Nominal GDP growth is lower than real GDP growth in Q2, …
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