China will build 4000 to 6000 small and medium-sized enterprises SMEs into digital transformation models amid the country push …
Tagged By financials
China Races To Alleviate Drought, Power Cuts Amid Record Heatwave
China is scrambling to alleviate power shortages and bring more water to the drought-hit basin of the Yangtze river as it battles a record-breaking heatwave by deploying relief funds, seeding clouds …
China’s imports of US oil have hit an 18-month high as it pivots away from Russian crude
Chinese state oil giant Sinopec has ramped up its purchases of US oil as it bets domestic demand will rise again in the fall.
Analysis-China central bank, under pressure to ease, is hemmed-in by inflation, Fed jitters
China’s central bank is set to take more easing steps, pressured by a shaky economy that is undercutting jobs, but it faces limited room to manoeuvre due to worries over rising inflation and capital …
As China’s Economy Stumbles, Homeowners Boycott Mortgage Payments
In a rare act of defiance, people across the country who bought property from indebted developers are refusing to repay loans on their unfinished apartments.
China’s Tencent reports its first-ever revenue drop as regulations and COVID-19 bite
China’s Tencent Holdings reported on Wednesday its first ever quarterly sales fall, hurt by a lack of game approvals and regulations that limit playing time, as well as COVID-19 lockdowns and a weak …
Tencent Posts First-Ever Sales Fall After China Economy Worsens
Tencent Holdings Ltd. logged its first-ever decline in quarterly revenue, becoming the latest victim of a worsening Chinese economy.Most Read from BloombergSaudi Billionaire Made $500 Million Russia B …
China’s central bank cuts interest rates after growth slows in July
Yahoo Finance Live anchors discuss the People’s Bank of China cutting interest rates amid an economic slowdown.
China’s central bank cuts policy interest rates to bolster real economy
China’s central bank has leveraged its policy toolkit, cutting the interest rates of its medium-term lending facility (MLF) loans and reverse repos by 10 basis points for the second time this year, to …
Ship docked at port, China keeps mum on extending financial aid to debt-ridden Sri Lanka
Chinese Foreign Ministry spokesman Wang Wenbin parried questions by the media over extending financial support to Sri Lanka after the country’s high-tech vessel docked at Hambantota Port.
Wall Street rises as economic and financial problems mount
While the Fed may pull back on the interest rate hikes at its meeting in September, several officials have made it clear that the central bank is far from done in its drive to ensure…
China’s Dianxiaomi raises $110 million in funding round led by SoftBank, Sequoia
The investor, China Renaissance, also said the funding round included Tiger Global Management and GGV Capital, and the company will use the procees to expand its overseas team. The software as a …
China’s ‘too little, too late’ rate cut spurs call for more stimulus
SHANGHAI: China’s surprise interest-rate cut has done little to allay concern over the property and zero-Covid slowdown, with economists and state media calling for additional stimulus.