Chinese Premier Li Qiang visited the country’s foremost developer of memory chips, in the latest show of government support for US-sanctioned Yangtze Memory Technologies Co. as the two powers clash …
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China’s property ‘inventory overhang’ could take more than 10 years to correct, economist says
China existing housing inventory, along with the those currently under construction, could take up to 12 years to fully clear, according to one China economist.
World’s largest oil producer plans to deepen its push into China
Saudi energy giant Aramco, the world’s largest integrated oil and gas company, could be upping is planning to up its investment stake in its Chinese partner, as it expands its investments footprint in …
China’s LGFVs must repay a record US$651 billion of bonds in 2024
China’s local government financing vehicles (LGFV) need to pay back a record amount of maturing local bonds this year, testing the limits of a central government program to help them refinance their …
China’s Slumping Stocks Need Help From Beijing. Don’t Count On It.
Economists and analysts see little sign Beijing is willing to take aggressive steps to restore confidence in the economy.
‘Like Waiting for Godot’: investors hope for China turnaround in new year
“It’s like ‘Waiting for Godot’,” said Alain Bokobza, head of global asset allocation at Société Générale, leaning on Samuel Beckett’s absurdist play of the same name to describe the many false dawns …
Kai-Fu Lee predicts overhaul of China’s AI industry amid preparation to adopt domestic AI chips
Lee’s startup 01.AI reached the US$1 billion unicorn mark last year after receiving investment during its latest funding round from China’s Alibaba and Lee’s Beijing-based company Sinovation Ventures.
China Stress-Tests Global Economy At Moment Of Maximum Anxiety
It’s a reminder of how China is likely to stress-test the global economy as never before in 2024, and a moment of maximum anxiety for Asia. Though Batson points to 2021, the real original sin…
China’s fiscal spending will rise this year, finance chief says
Find out more about subscription packages here. CHINA’S government spending will rise this year, the nation’s minister of finance said, as authorities look for ways to bolster domestic demand and help …
China’s LGFVs Must Repay a Record $651B of Bonds in 2024
China’s local government financing vehicles, the companies that borrow on behalf of provinces and cities to finance mainly infrastructure projects, have 4.65 trillion yuan ($651 billion) worth of …
China steps up aid for regional banks as economic risks mount
Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your … are also being used to hasten mergers of weak lenders in China’s indebted regions, which are struggling …
Alibaba was once a Wall Street darling. After plunging 75% over three years, what’s next?
It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.
China’s top newspaper calls for government to kill crypto
China’s most influential legal newspaper, Legal Daily, published by the Chinese Communist Party’s (CCP) Central Commission for Political and Legal Affairs, has issued a clarion call for a more …