Shrinking copper demand in Europe due to a manufacturing recession caused by the energy crisis will dominate market sentiment for some time with prices likely to retreat towards two-year lows early …
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China pushes for broader use of digital yuan, central bank says
Shenzhen in South China’s Guangdong Province, Suzhou in East China’s Jiangsu Province, Xiongan New Area in North China’s Hebei Province and Chengdu in Southwest China’s Sichuan Province — to province …
Tencent steps up expansion in healthcare with new US$41.5 million investment in Xunjie Medical as Beijing eases restrictions
The internet giant’s latest healthcare investment would give it a 19.5 per cent stake in Xunjie Medical, which owns German first aid gear maker Metrax That capital outlay comes months after Beijing …
China digital currency: Beijing to expand e-CNY trials to four entire provinces including Guangdong
The People’s Bank of China (PBOC) will expand e-CNY trials to Guangdong, Hebei Jiangsu, and Sichuan provinces, an official said on Monday The number of users, merchants and transactions is ‘steadily …
China to Extend CBDC Trial to Most Populous Province, Guangdong, Three Others: Report
The People’s Bank of China plans to extend the trial of its e-CNY digital currency to Jiangsu, Hebei and Sichuan as well as Guangdong.
China’s Reluctance to Deliver More Stimulus Puts Burden on US, World Bank President Says
China’s unwillingness to deliver more stimulus during the current international slowdown is putting more pressure on the US to support international growth, World Bank President David Malpass …
CX Daily: The Double Squeeze on China’s ‘Sandwich Generation’
The double squeeze on China’s ‘sandwich generation’ Yin Fan is a single mom in her late 30s. When she was pregnant with her daughter, her …
Explained: What the new US-China accounting deal means
American authorities want unfettered access to the financial books of Chinese companies without government interference while China insists on having government agencies play a role in the audit …
China Households to Cut Property in $18 Trillion Shift
China’s households are expected to shift 127 trillion yuan ($18.1 trillion) into financial products over the next nine years, an opportunity ripe for financial institutions as the country’s property …
China’s Provinces Suffer Major Fiscal Hit From Covid Zero
China’s doubling down on its zero-tolerance stance toward Covid-19 is draining local-government coffers, posing a fresh threat to the economy and bond investors.Jilin province, in the northeast of the …
China’s economic planner reveals basket of policies to lift economy in next stage
From urging the start of construction projects to creating a preferential policy environment for new-energy vehicle (NEV) development, China’s National Development and Reform Commission (NDRC) has …
At least 27 headed for COVID-19 quarantine killed in bus crash in China
RELATED Biden: U.S. will defend Taiwan from ‘unprecedented attack’ by China Long-distance transportation rules in … a researcher at the Shanghai Institute of Finance and Law, said according to The …
Climate change: Beijing must provide more financial support, guidance to develop China’s cultivated protein sector, says NGO
More help is needed from the government to guide researchers and companies in the cultured meat sector, says Sebastian Joy, president of ProVeg, a non-profit organisation that raises food awareness.