On June 12, 2023, BOC International Holdings Limited (BOCI), a subsidiary of the Bank of China, mentioned that it would circulate about 200 million Chinese yuan ($28 million), stated Cointelegraph. It …
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China’s Surprise Rate Cut Fuels Expectations of More Easing
China’s central bank surprised most economists and market participants by cutting a short-term policy interest rate, a sign that officials are increasingly concerned about faltering growth and are …
For China’s LGBTQ community, safe spaces are becoming harder to find
The Beijing LGBT Center is the latest to shut down amid a crackdown on advocacy groups by Chinese President Xi Jinping.
A desperate property developer in China said it would give a gold bar to anyone who buys a home it builds. Homebuyers say they’re still waiting.
A Hangzhou-based developer’s promotion to give out gold bars in exchange for buying a flat has since been suspended, per Chinese media outlets.
South Korean leader criticises China envoy over “inappropriate” remarks
South Korea’s president stepped up criticism of China’s ambassador on Tuesday, saying the envoy had been disrespectful in suggesting South Korea had made the wrong choice by siding with the United …
China’s Central Bank Moves to Shore Up Recovery
Unexpected trim in key lending rate likely heralds further steps to stimulate China’s economy.
China’s central bank cuts key short-term policy rate for first time since August
T he People’s Bank of China cut its seven-day reverse repurchase rate by 10 basis points from 2% to 1.9%, according to a central bank release, injecting 2 billion yuan ($279.97 million) through its …
China’s yuan strikes 6-month low after central bank cuts interest rate
China’s yuan weakened to a six-month low against the dollar on Tuesday, after the Chinese central bank lowered a short-term lending rate to help the economy through its shaky post-pandemic recovery.
China cuts short-term borrowing costs to support recovery
China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market confidence and prop up a stalling post-pandemic recovery in the world’s second …
Over 180,000 prosecuted in China for financial fraud since 2018
Since 2018, procuratorial organs across China have filed charges against more than 180,000 people suspected of committing financial fraud and disrupting the financial management order. More than …
China considers broad stimulus with property support, rate cuts -Bloomberg News
China is considering at least a dozen stimulus measures including interest-rate reductions to support areas such as real estate and domestic demand, Bloomberg News reported on Tuesday citing people familiar with the matter.
Huawei wins lion’s share of China Mobile’s 5G base station contracts, in much needed boost to revenue
Huawei secured 52 per cent of the China Mobile 5G contracts, representing 45,426 base stations, well ahead of cross town rival ZTE with 23,227 5G base stations After a 5G buildout frenzy over the past…
US scales up its ‘entity list’ to crack down on China’s technology rise
Washington’s irrational obsession of targeting China’s rising technology prowess in name of the so-called national security protection lays bare the US’ desperate attempt to maintain supremacy in …