China’s four major state-owned banks, including China Construction Bank Corp and Bank of China, announced mortgage rate cuts starting October 25. This strategic move aims to alleviate homeowners’ financial burdens and stimulate the property market,
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Hedge Fund Up 800% in Seven Years Buys Dip in China Tech Stocks
A top-performing Chinese hedge fund is buying the dip in Hong Kong-listed China technology stocks, saying valuations remain cheap even after their strong rally this year.
Tech war: China sees glut of AI data centres as GPU mismatches exacerbate weak demand
Total computing power in China accounted for 26 per cent of the world’s total as of June, trailing only the US, but CPU usage rates are low China’s rush to build a nationwide network of…
Global tech cooperation key to tackling cross-border challenges: Josephine Teo in China
The minister was speaking at the Lianhe Zaobao Singapore-China Forum in Suzhou. Read more at straitstimes.com.
Catherine Thorbecke: China hasn’t destroyed its tech sector. It’s sharpened it
It’s easy for U.S. policymakers to see this with vindication and yet more evidence of a superior tech landscape at home. And from their vantage point, they are correct: President Xi Jinping strangled …
Turkey imposes duties on China, Russia, India, Japan steel imports
Turkey has imposed anti-dumping duties on some steel imports from China, Russia, India and Japan, according to a decision published in the Official Gazette on Friday, with the highest tariffs on Chinese imports.
Bitcoin Bounces 7% Above $63K as Crypto Traders Eye China Stimulus Statement
Cryptocurrencies sharply rebounded on Friday from the previous day’s lows with bitcoin {{BTC}} retaking $63,000 as investors quickly shrugged off …
Are prospects for China’s exporters picking up on eve of Canton Fair?
Buyers from emerging markets are gradually becoming the main players at the Canton Fair, replacing those from Europe and the US. The share of exports to countries involved in China’s Belt and Road Initiative trade…
Europe’s EV Policy Toward China Might Backfire
Nonetheless, the move is a mistake, and not simply because EU exporters will suffer from China’s tit-for-tat response. The duties will make EVs less affordable, especially for low-income buyers, undermining the EU’s own decarbonization targets.…
China Mengniu Dairy vice chair leaves business
Jeffrey Minfang Lu was CEO of Mengniu from 2016 up until March this year when he was succeeded by company executive Gao Fei.
China’s CBDC App Records 180 Million Wallets with Transactions of 7.3 Trillion Yuan
China’s CBDC app has achieved 180 million personal wallets and ¥7.3 trillion in transactions- a major milestone in digital currency adoption.
China investors hope for a $283M stimulus from the capital over the weekend
Strategists, economists, and fund managers project new fiscal stimulus over the next six months if China’s Finance Minister Lan Fo’an fails to address the expected $283B stimulus in the anticipated …
Indonesia asks Apple, Google to block China’s Temu to protect small merchants
Indonesia has asked Alphabet’s Google and Apple to block Chinese fast fashion e-commerce firm Temu in their application stores in the country so it cannot be downloaded, a minister said on Friday.
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