File photo shows a worker counting Chinese currency RMB banknotes at a bank in Linyi, east China’s Shandong Province. (Xinhua/Zhang Chunlei) BEIJING, Jan. 8 (Xinhua) — China will make its prudent …
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China has reopened its borders to tourists after three years of COVID-19 closure
The ability of residents Hong Kong to cross into mainland is one of the most visible signs of China’s easing of border restrictions, with travelers arriving no longer required to undergo quarantines.
Hon Hai has ‘no choice’ but to offer bonuses to retain workers in China: Financial services firm
Kirk Yang of Kirkland Capital says it’s been “very difficult” to retain factory workers in China because of the Covid situation there.
China Extends Gold Buying With Fresh Flows to Central Bank
China reported an increase in its gold reserves for a second straight month, topping up holdings again after its first reported purchase in more than three years.Most Read from BloombergMcCarthy’s …
China foreign-exchange reserves rise $11 billion to $3.128 trillion in December
China’s foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.
China’s Ant Group says founder Jack Ma will give up control
WASHINGTON (AP) — E-commerce billionaire Jack Ma will give up control of Ant Group, the leading Chinese financial technology provider he … from view for 2 1/2 months after criticizing China’s …
China optimizes medical insurance to ease financial burden of COVID-19 patients
Chinese authorities have released a circular to further optimize medical insurance policies to ease the financial burden of COVID-19 patients. The document, jointly issued by the National Healthcare …
How China’s social credit system actually works – it’s probably not how you think
Is there really a scary algorithm behind China’s social credit system amassing data and deciding an individual’s worth to society? No. But that doesn’t mean there aren’t concerns.
China steps up management of some types of bank loans
China’s banking regulator on Friday issued draft revisions to rules covering certain bank loans, including personal loans, aiming to better serve the economy and curb risks.The proposed revisions by t …
Tesla Slashes Prices in China for the Second Time in 3 Months to Boost Sagging Sales
The company first slashed prices in China in late October 2022 — dropping prices of Model 3s and Model Ys by about 9.4%, CNN reported. Now, the price cuts are even deeper as Tesla struggles…
China’s boom in sustainable bonds lacks rigour, warns Fitch
Chinese companies and state-owned enterprises are increasingly turning to green and sustainable bond markets to finance China’s national climate strategy, but the bonds often fall short of …
Silicon Crash Shows China’s Relentless Domination of Solar
The price of polysilicon, the main ingredient in solar panels, has halved, offering relief to the renewable energy industry — but US-China tensions could still get in the way.
2022 Financial Results: Lululemon Got Local In China, While Calvin Klein, Tommy Hilfiger Made Global Waves
China remains a key driver of the fashion industry’s long-term growth. So how did global players perform there at the end of 2022?