Beijing ordered state-owned policy banks to set up an 800 billion yuan ($120 billion) line of credit for infrastructure projects as it leans on construction to stimulate an economy battered by …
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Macao needs China’s heft in tech to introduce CBDC, official says
Lei Wai Nong, Macao’s secretary for economy and finance, said China’s expertise in developing its digital yuan could help the specially administered region introduce a central bank digital currency …
China’s Tencent revises pay rise policy in memo, amid cost savings pressures
China’s Tencent Holdings has told staff it will no longer guarantee them a pay raise upon promotion, according to an internal letter seen by Reuters, as it reviews its salary policy amid a wider …
China-backed hackers are exploiting unpatched Microsoft zero-day
China-backed hackers are exploiting an unpatched Microsoft Office zero-day vulnerability, known as “Follina”, to execute malicious code remotely on Windows systems. The high-severity …
Beijing Says US Supply Chain Curbs Sabotage China’s Development
The United States is “over-stretching” the concept of national security by imposing supply chain sanctions on China to stymie its growth, according to Chinese Foreign Ministry spokesman Zhao …
China announced stimulus measures to help the virus-ravaged economy
China’s cabinet issued a package of 33 policies spanning fiscal, financial, investment, and industrial policies to …
Buy-the-Bottom Calls on China Gets Louder as Shanghai Reopens
Investors are trying to get ahead of any good news in China, as the lifting of a lockdown in financial center Shanghai eases pressure on a struggling economy.Most Read from BloombergReady to Buy a …
China state firm’s bond draws $1.5 trln bids as investors seek safety
China has eased monetary policy, but “liquidity is not flowing into the real economy, as demand remains weak,” Guan Qingyou, chief economist of Ruiz Finance Institute, said in a social media webcast …
China’s Car Tax Cuts Are Broader Than Expected, May U-Turn Year’s Sales to 4% Growth, Industry Body Chief Says
China’s new purchase tax rebates on passenger vehicles apply to autos with an engine capacity of under two liters. The scope is wider than expected as previous tax cuts were limited to 1.6 liter …
Experts: China can duck Fed move’s impact
Starting June, the Fed is scheduled to shrink its nearly $9 trillion balance sheet. It will reduce its securities holdings by up to $47.5 billion a month. After three months, the Fed will ramp up…
China factory activity falls at slower pace, but Beijing needs to ‘pay attention’ to employment, logistics
China’s factory activity shrank less sharply in May as coronavirus … property developers are now struggling to finance existing projects. They won’t launch new ones until there has been a marked …
Analysis: China’s metals traders offload stockpiles as bleak demand outlook bites
China’s army of metal processors and traders has flipped from buyers to sellers amid a sharp downshift in economic activity in the world’s top manufacturer, heralding a potential warning sign for …
China stocks gain, Amazon approves 20-for-1 stock split, bitcoin rallies
Yahoo Finance Live looks at several stocks tied to leading industry stories, including how Chinese stocks are recovering from China’s COVID lockdowns.
