Industrial & Commercial Bank of China Ltd. announced its first ever interim dividend even as the nation’s largest bank battles falling profits and record low margins.
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China’s mortgage loans fall, property development loans rise
China’s mortgage loans dropped further at the end of June while property development loans picked up, central bank data showed on Friday, as authorities seeks to put a floor under the struggling real estate sector.
President Mnangagwa Tours BYD Auto in Shenzhen, China, as Part of FOCAC 2024 Initiatives
Online Writer Shenzhen, China— President Emmerson Mnangagwa has visited BYD Auto, a leading manufacturer of new energy vehicles, during his tour of China ahead of the Forum on China-Africa Cooperation …
China’s factory activity seen extending declines in Aug – Reuters poll
China’s factory activity likely shrank for a fourth month in August, a Reuters poll showed on Friday, reinforcing the need for officials to direct more stimulus towards households and less to building projects.
China’s Zeekr targets global markets with its electric SUV, priced to undercut Tesla’s Model Y
Zeekr will launch its first midsize electric SUV, the Zeekr 7X, in China on Sept. 20, starting at $33,700, to compete with Tesla’s Model Y. The Zeekr 7X offers two battery options, providing a range…
China state banks buying dollars amid rapid yuan gains, sources say
Major state-owned banks were buying dollars in China’s onshore foreign exchange market on Friday to slow down a rising yuan, four people with knowledge of the matter said.
China’s home price outlook for 2024, 2025 worsens
China’s home prices will fall at a faster pace that previously forecast this year and next, a Reuters poll showed, as support policies from Beijing struggle to help the property sector find a bottom.
China considers allowing refinancing on $7 trillion in mortgages, sources say
BEIJING – China is considering allowing homeowners to refinance as much as US$5.4 trillion (S$7 trillion) in mortgages to lower borrowing costs for millions of families and boost consumption.
Republicans Pounding China More Than Democrats In US Election Rhetoric
( MENAFN – Asia Times) Speaking at the Republican National convention in July 2024, Donald trump invoked China 14 times. In a 92-minute address, the former president recycled his widely criticized …
China’s Economic Funk Delivers Gut Punch to Consumer Firms
Sometimes the news can be a gut punch. This week I was bummed to learn that the Taiwanese dumpling chain Din Tai Fung would close a bunch of stores in China, where restaurants are fighting…
Lingyun Xiang has been appointed as the “Special Appreciation on China-Gabon Economic and Trade Promotion” by the Republic of Gabon
On August 21, 2024, Professor Lingyun Xiang, a US-based economist, was appointed by Baudelaire Ndong Ella, the Ambassador Extraordinary and Plenipotentiary of the Republic of Gabon to China, as “the Special Appreciation on China-Gabon Economic…
China launches $8 tour to hometown of Olympics diving champion Quan Hongchan
Travel agencies have introduced one-day tour packages to Maihe Village in China’s Guangdong province, the hometown of Olympics diving gold medalist Quan Hongchan.
The specter of China has edged into US election rhetoric – for Republicans much more than Democrats
Speaking at the Republican National Convention in July 2024, Donald Trump invoked China 14 times. In the course of a 92-minute address, the former president recycled his widely criticized term “ China …
