Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled the market’s leading accounting firm as it faces a regulatory probe, filings show.
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China reports slight beat in July retail sales, but industrial data disappoint
Retail sales rose by 2.7% in July from a year ago, beating forecasts of 2.6% growth according to a Reuters poll. Industrial production rose by 5.1%, below the poll’s forecast of 5.2%. Within fixed …
China’s home-price slump deepens in July to new 9-year low
China’s new home prices fell at the fastest pace in nine years in July, official data showed on Thursday, as supportive policies failed to stabilise the market and restore confidence in the struggling …
China’s property investment falls 10.2% y/y in January-July
Property investment in China fell 10.2% in the first seven months from a year earlier, after dropping 10.1% in January-June, even as the government launched a slew of support measures to bolster …
China new home prices fall for 13th straight month in July
China’s new home prices fell for the 13th straight month in July, official data showed on Thursday, as supportive policies failed to stabilise the market and restore confidence in the struggling …
China’s Home Price Slump Eases After Government Rescue Efforts
China’s home-price downturn abated in July, a sign that the government’s most forceful effort to revive the market is beginning to take hold.
China resubmits application to build contested big embassy in London
China has resubmitted plans to build a new large embassy in London, a contested project that could test how the new Labour government handles relations with the world’s second largest economy after …
‘Ghost’ railway stations prompt questions on China’s rapid expansion of high-speed network
There are 26 decommissioned high-speed stations scattered across China, abandoned due to their remote locations and low passenger volume.
China’s latest blockbuster casts rare, harsh light on gig economy
One of the biggest movies to hit China’s cinemas this summer tackles several of its biggest economic pain points: an uncertain job market, downward mobility and the hardscrabble life of millions …
How Beijing is using the sun to fight the sand
China’s solar ambition and its prioritization of combating desertification are increasingly going hand in hand.
China Dominates Election in Remote Pacific Atoll
China has become a central issue at an election in a remote pacific atoll region this month, with Beijing praising its incumbent president.
Beijing to boost financial support for military personnel and veterans
Beijing will provide more funding to provincial and local governments to support military personnel and veterans under revised regulations. Amendments to the regulations on military subsidies and …
China’s COVID-19 Surge: Are We Heading for Another Lockdown?
The COVID-19 virus shows signs of resurgence in China. As the number of COVID-19 cases rises, the authorities have issued a “COVID Alert.” The China Center for Disease Control and Prevention (CCDC) …
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