The rapid rebound in October sales was partly because of very low sales in September, the sales director of a property project in Shenzhen told Yicai. Thanks to the recent policy stimulus, the …
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China to offer Taliban tariff-free trade as inches closer to isolated resource-rich regime
China will offer the Taliban tariff-free access to its vast construction, energy and consumer sectors, Beijing’s envoy to Afghanistan said on Thursday, as the ailing resource-rich but …
China’s steel exports face headwinds, expected to drop in 2025 after hitting eight-year high
Steel producers in China face a double-whammy of mounting overseas tariffs and weakened domestic demand at home.
As North Korea, Iran and China support Russia’s war, is a ‘new axis’ emerging?
The thousands of North Korean troops US intelligence say arrived in Russia for training this month have sparked concern they will be deployed to bolster Moscow’s battlefront in Ukraine.
Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs
A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months.
China’s Jan-Sept apparent steel consumption down 6.2% y/y
China’s apparent steel consumption in the first three quarters of 2024 slid 6.2% year-on-year to 688 million metric tons, the state-backed China Iron and Steel Association (CISA) told reporters on …
Australia’s leader rejects Beijing’s claims that his country is rife with ‘racism and hate crimes’
Australia’s Prime Minister Anthony Albanese has rejected accusations from Beijing that his country is “plagued by systemic racism and hate crimes” after an Australian diplomat led a group of Western …
Beijing unveils tourism action plan
Beijing unveiled an action plan to drive high-quality growth in the tourism industry on Thursday during a conference, aiming at building the capital into a world-class tourism city and a global …
Jaishankar stresses need to respect border agreements amid Beijing’s silence on LAC patrolling pact
Meanwhile, in Delhi, Defence Minister Rajnath Singh said broad consensus had been achieved following talks between the two countries to “restore the ground situation”, including patrolling and grazing …
Trump says China’s leader will bully Harris ‘like a baby’
Donald Trump has said China’s leader would handle Vice President Kamala Harris “like a baby” if she’s elected to the White House …
How China is trying to win back foreign tourists
The government is also trying to kick-start the economy—and wants foreign tourists to help. In 2019 their spending accounted for 0.5% of GDP in China, compared with 0.9% in Japan, 1.1% in America and …
China Fiscal Pack Insufficient to Curb Deflation Risks, IMF Says
China’s recent barrage of fiscal measures fall short of what’s needed to address deflationary risks plaguing the world’s second-largest economy, according to one senior International Monetary Fund …
$1.80 dinners and budget clothes? The spread of frugality is hurting China’s economy
“This is so economical,” she marveled over a $1.80 dinner. “They also included fried chicken.” Other accounts tout $8 gym memberships and the merits of waiting for sales at fast-fashion clothing …
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