Beijing released an official plan to reform Party and state institutions. This document lays out plans to address deficiencies in …
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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, …
China vows to ‘restore and expand’ consumption to boost growth
The announcements follow economic data on Monday that showed China’s second quarter growth underwhelmed market expectations.
Exclusive-China’s CITIC to move dozens of Hong Kong bankers to mainland to cut costs -sources
China’s CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing’s call to bridge income inequality in the financial …
(China Economic Roundtable) Chinese Economy Sees Hard-Won Recovery in H1 amid Global Downturn
China’s economic performance in the first half (H1) of 2023 showed signs of recovery in the face of various challenges, guest speakers told the China …
Beijing Launches Policies to Boost Consumption—But Not Major Stimulus
Chinese authorities released a set of policies to bolster domestic consumption—but the moves fell short of major stimulus, underscoring Beijing’s limited options to jump-start sputtering economic growth.