Yantai, a coastal city in north China, has been known by its high-quality apple varieties and a history of apple growing for over 150 years. With the label of “Yantai apples” worth US$2.35 billion, …
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China to curb new ‘hidden debt’ in 2022 to fend off systemic financial risks
China will firmly curb the increase of new “hidden debt” and stabilize the mechanism that settles existing “hidden debt” to guard against systemic financial risks, while speeding up preliminary work …
China’s first benchmark rate cut in 20 months signals ‘serious easing cycle is unfolding’
The rate cut reflects growing concern over gross domestic product growth in China, which bounced back strongly from the initial impact of the coronavirus in early 2020, but has slowed in recent months …
No One Believes China’s #MeToo Tennis Star Peng Shuai Really Retracted Her Sexual Harrassment Accusation
Ji via ReutersThe retraction of a sexual-harrassment allegation against a high-ranking Chinese Communist Party member by tennis star Peng Shuai has understandably been met with global skepticism. Peng …
For first time since 2020, China decreases benchmark volume
The People’s Bank of China decreased its benchmark loan volume for the first time since April last year due to the increase of financial stresses.
China lowers benchmark lending rate first time in 20 months
China on Monday cut the one-year loan prime rate (LPR), a market-based benchmark lending rate, by 5 basis points (bps) to 3.8 percent.
China Adds Property Support With M&A Funding, Bank Rate Cut
China is ramping up support of the embattled real estate sector as growing stress in the industry threatens to deepen an economic slowdown.Most Read from BloombergSouth Africa Hospitalization Rate …
China key as global economic recovery struggles
Risks and uncertainties continue to stalk the global economy as it struggles to recover from the COVID-19 pandemic. Yet China is battling all odds to maintain stable economic growth and help the world …
China Telecom Honored with “The Best of Asia – Icon on Corporate Governance”
China Telecom Corporation Limited (“China Telecom” or “the Company”; HKEx: 00728; SSE: 601728) was awarded, for the 14th time, “The Best of Asia – Icon on Corporate Governance” in the “Corporate …
Xi Jinping has been taking on China’s capitalists. Here’s why that will change in 2022
Chinese leader Xi Jinping pledged to spend 2021 reining in “disorderly” private businesses that were growing too powerful and taking on too much risk.
Former China official warns of yuan weakness in 2022 as economy slows
China should prepare for its currency to pull further away from recent highs if economic data continues to disappoint next year, a former senior official at the country’s foreign exchange regulator …
Goldman Sachs says investors need not be negative on China’s high-yield property market in 2022
Kenneth Ho of the investment banking company says although 2022 will still be a difficult year for China’s high-yield property sector, investors need only be “a little bit more cautious.” …
Pro-Beijing ‘patriots’ sweep Hong Kong election with record low turnout
Forty seats were selected by a committee stacked with Beijing loyalists, while the remaining 30 were filled by professional and business sectors such as finance and engineering, known as …
