Chinese leaders pledged on Thursday to deploy “necessary fiscal spending” to meet this year’s economic growth target of roughly 5%, acknowledging new problems and raising market expectations for fresh …
Tagged By covid-19
Foreign investors cheer China’s stimulus – from a distance
As the market euphoria to China’s biggest stimulus since the pandemic settles, foreign investors are now asking whether the $114 billion toolkit will provide the spark needed to turn around a beat-up stock market.
Chinese Americans face discrimination amid U.S-China tensions, survey shows
According to a survey, 68% of Chinese Americans say they face discrimination in an average month, while 65% think U.S.-China relations negatively impact how they’re treated.
Panda pair arrive to VIP welcome in Hong Kong, as Beijing marks 75 years of communist China
Hong Kong will roll out the red carpet Thursday to receive two giant pandas gifted by the Chinese government to mark 75 years of Communist Party rule, part of a citywide push by authorities to…
FBI investigating US venture capital fund for giving trade secrets to Beijing: report
The FBI is investigating whether an American venture capital fund passed trade secrets to Beijing after investing $115 million worth of Chinese money to become one of the most prolific early investors …
China offers one-time cash allowance for those in extreme poverty
China announced it will offer a one-time cash allowance to those in extreme poverty, after it rolled out a slate of stimulus aimed at shoring up the economy.
Beijing rolls out flowers to welcome National Day
The basket and the other 10 flower terraces bearing good wishes to the country and showing the nation’s achievements over the past 75 years will be displayed along Chang’an Avenue for the upcoming …
China stocks rise after Beijing’s stimulus measures amid mixed Asia-Pacific markets
Investors assessed Australia’s inflation numbers on Wednesday, with the CPI climbing 2.7% year on year in August, in line with Reuters estimates.
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar level since May 2023.
Japanese schools in Hong Kong bolster security measures after Shenzhen stabbing: diplomat
Kenichi Okada, country’s consul general in Hong Kong, also requested a minute of silence for the boy, 10, during Japanese festival in city.
‘Education of hatred’: Killing of Japanese boy sparks soul searching in China over rising nationalism
The killing of a Japanese schoolboy in China has sparked an outpouring of anger and soul searching over the rise of extreme nationalism in the country, with some accusing the government of fanning anti-Japan sentiment…
China Market Support May Fizzle Out If Key Issues Remain Unsolved
China’s push to bolster its stock markets has stirred optimism, but begs the question of whether investors will take the bait amid lingering doubts about the economy’s underlying weakness.
Democrats and Republicans Press China on Abuse of Muslim Minority
Both parties are focused on oppression of China’s Uyghur minority but use different tactics in pushing the Biden administration to do more.
