China’s three largest carriers widened their half-year losses, as they count the economic costs of China’s continued zero-infection policy, which has dampened travel demand.
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China’s SMEs show stable development in Jan-July period
GU HUAXIA/FOR CHINA DAILY BEIJING — China’s small and medium-sized enterprises … Preferential policies have been rolled out to ease the financial burden of smaller businesses and further boost …
China coal shares soar as investors bet economics trump emissions
China’s coal index (.CSI000820 … significantly ahead of the 0.5% the finance ministry forecast when it upgraded its estimates just last month.
US, China Agree on Protocol for American Accounting Regulators to Inspect Audit Firms Based in China and Hong Kong
On Aug. 26, 2022, the U.S. Securities and Exchange Commission (SEC) issued a Statement on Agreement Governing Inspections and Investigations of Audit Firms Based in China and Hong Kong. Unde …
Economic Watch: China ratchets up financial support for infrastructure projects
China is channeling more financial support to infrastructure construction amid national efforts to catalyze domestic demand and sustain economic recovery. A fresh move came as a State Council …
Don’t bank on China PMIs lifting the gloom
A look at the day ahead in Asian markets from Jamie McGeever As tightening financial conditions continue to choke investor sentiment and slam global stock markets, good old-fashioned PMI data from …
China’s highlights economy-boosting infrastructure push with mega US$10 billion canal project
The 135km-long Pinglu Canal in the Guangxi Zhuang autonomous region will cost 72.73 billion yuan (US$10.5 billion), and is part of China’s renewed effort to use infrastructure to aid the economy.
With audit deal, China delisting risk ebbs — for now
A deal signed by the U.S. and China last week allowing U.S. inspectors to review the audit records of U.S.-listed Chinese companies could prevent scores of firms from being booted off U.S. stock …
If America refuses to lead globalization, China will
Skeptics are criticizing western sanctions on Russia and COVID inspired hardening of supply chains, as nails in the coffin of globalization, but don’t count on it. The only question is who leads.
China to continue proactive fiscal policy in H2
China will step up its implementation of a proactive fiscal policy in the second half of 2022 a report from the Ministry of Financ …
China-Mongolia trade has ‘room for improvement’, with investment potential in tech, finance
Batshugar Enkhbayar, the son of Mongolia’s ex-president, says China can help diversify his country’s economy away from mining The Mongolian politician is keen to see more Chinese capital flow into the …
Top China bank ICBC, world’s largest, posts 4.9% H1 profit rise
Industrial and Commercial Bank of China Ltd (ICBC) , the world’s largest commercial lender by assets, said net profit grew 4.9% year-on-year in the first half of this year as the Chinese economy …
China allocates $1.46 billion in subsidies to grain farmers
China will provide grain planters with subsidies totaling 10 billion yuan ($1.46 billion) from its central government budget, the Ministry of Finance said. China Drones over a farm The move aims to …