Aims set out in National Data Administration’s draft three-year plan include more than 20 per cent annual growth for the data industry and the doubling of data transactions by 2026.
Tagged By financials
China to improve fiscal policy effectiveness: officials
China will moderately expand fiscal spending while improving the efficiency and effectiveness of fiscal funds to boost domestic demand and economic development, the Ministry of Finance officials said.
REFILE-China’s yuan leaps to seven-month high, but set for second yearly drop
China’s trade-weighted yuan basket index rose to 97.42 on Friday … We’ve Officially Entered the ‘Lunar Anthropocene’ ‘Always the BMWs’: This personal finance YouTuber can’t believe people go into …
China Central Bank to Help Boost Consumer Prices Amid Deflation Risks
The People’s Bank of China said it would “promote price recovery from low levels and keep prices at reasonable levels.” …
China’s Zeekr to begin selling EVs in Singapore in second half of 2024
Zeekr, owned by China’s Geely, has signed an agreement with a Singaporean company to distribute right-hand drive Zeekr 009 MPVs and Zeekr X urban SUVs to customers in the island nation, a Zeekr …
U.S. companies are skittish about investing in China—unless it’s in fast food chains or cappuccinos
Starbucks has invested $220 million in a manufacturing and distribution facility in eastern China, its biggest project outside the U.S. Budrul Chukrut/SOPA Images/LightRocket – Getty Images There’s …
Geopolitical risk forces aircraft leasing companies to rethink exposure to China
Some international lessors have begun to reduce their exposure to the country, industry executives and analysts said. Friction between the US and China, coupled with uncertainty over war risks …
China, AUKUS and Vegemite: Australia through the eyes of the world
Foreign correspondents play a big part in how Australia is viewed in the world, and it’s not all Bondi and barbecues. Here’s how four of them see the posting.
Fast-food market grows in China while most other U.S. companies consider leaving
As some of the world’s biggest brands consider exiting the Chinese market, fast food restaurants are doubling down on their investments.
Russia leans on China and India amid the Ukraine crisis. Inside Putin’s strategic alliances
Since the war broke out in 2022, China has become one of the largest purchasers of Russian oil, funds from which are helping finance the Ukraine invasion. President Vladimir Putin has also secured …
Former China central bank official jailed for 16 years for graft – Caixin
A former Chinese central bank official has been sentenced to 16 years and six months in prison for taking bribes, leaking state secrets and insider trading as the ruling Communist Party tightens its …
The Great China Unwind: Foreign Investors Pull $29B Out Of Chinese Equity Markets In 2023
Nearly 90% of foreign investment into Chinese equity markets in 2023 withdrawn amid growth concerns & losses from real estate sector.
How China’s Property Crisis Blew Up Bets That Couldn’t Lose
Citic said its new fund was as safe as they come because it would invest in real estate. Then the developer defaulted and the projects stalled.
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