China is setting up a mega chip fund worth $27 billion. The move is aimed at boosting its technological prowess amid rising tech curbs from the …
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China’s Alipay and WeChat Pay ease the way for foreign travellers to make payments in world’s largest cashless society
Alipay raised foreign visitors’ transaction limits, while travellers can link their overseas bank cards to WeChat Pay without ‘complete information’ Those initiatives come after Chinese authorities on …
China setting up $27B chip fund to beat US curbs – report
China is poised to raise over $27B for its largest chip fund yet, marching ahead with the development of advanced technologies to counter U.S. curbs, Bloomberg News reported. The National Integrated …
Finance minister: Local govt debt risk controllable
Local government debt risk in China is controllable, and the country will accelerate the construction of a government debt-management mechanism so that the debt risk will be solved as the country …
Trading national defense info for cash? US Army Sgt. accused of selling secrets to China
Korbein Schultz was an intelligence analyst who allegedly shared info about advanced fighter aircraft and intercontinental ballistic missiles.
‘The next China is still China’: top diplomat pushes back against negative foreign sentiment
Top diplomat offered assurances to international audience that the country will continue ‘opening its door wider’.
China has snapped up a huge amount of gold for 16 months in a row
The price of gold has surged to a record high, and Swiss exports of the precious metal to China nearly tripled to start the year.
China’s economy is showing signs of life as it touts its growing relationship with Russia
Chinese export volumes have shot past estimates so far this year, boosted by deeper trade ties with Russia and other emerging markets, the Financial Times reported. Volumes rose 7.1% in the first two …
China to step up economic policy adjustments in 2024, state planner says
China will step up economic policy adjustments this year, Zheng Shanjie, the head of the state economic planner, told a news conference on Wednesday, adding that the government’s 2024 growth target of …
China should establish property presale fund to support developers, former c.bank chief says
China should set up a fund using presale proceeds from residential projects to help property developers with liquidity and ensure they finish construction projects, state media reported Thursday, …
Wealthy clients turn to HSBC, Manulife, Bank of China amid heightened interest in Hong Kong’s cash-for-residency scheme
Hong Kong’s leading banking and finance firms are being bombarded with inquiries related to a cash-for-residency scheme since its launch on March 1. HSBC, Bank of China (Hong Kong) (BOCHK), Manulife …
China’s Gold Splurge Reaches 16th Month as Prices Hit Record
China’s central bank added gold to its reserves for a 16th straight month in January, extending a long buying spree that’s helped to support the precious metal’s surge to a record high.
China should establish property presale fund to support developers, former central bank chief says
China should set up a fund using presale proceeds from residential projects to help property developers with liquidity and ensure they finish construction projects, state media reported Thursday, …
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