The move was expected. China’s central bank governor indicated last week that the loan prime rates would be lowered.
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4 China public figures, celebrities whose philanthropy makes a significant impact
From Covid-19 pandemic support to education for impoverished children, high-profile celebrities in China are making a difference through charity It could be the Ice Bucket Challenge or straightforward …
China’s listed companies rush to tap central bank funding for share purchases
More than 20 Chinese listed companies have announced plans to tap special central bank lending for share purchases, according to exchange filings, days after the People’s Bank of China (PBOC) kicked …
China’s surplus crude oil hits nearly 1 million bpd for September: Russell
The weak position of China’s crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 million barrels per day of oil being …
China cuts benchmark loan prime rates by 25 bps
China cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy.
Bernard Arnault’s LVMH Sees Sales Drop In China. Should It Be Worried?
Given LVMH’s status as an industry bellwether, its drop in sales is notable But are China’s ongoing economic headwinds to blame or shifting consumer habits?
Encircling Taiwan was a smokescreen for China’s real goal of convincing US not to intervene, expert says
The Joint Sword exercises used more military hardware and got closer to Taiwan than ever, but some experts say China’s bigger plan is dissuading the U.S. from even attempting to come to Taiwan’s aid.
Photos Show Apartment Building in China With 30K Residents?
The building was reportedly located in Qianjiang Century City, the central business district of Hangzhou in Zhejiang province.
China’s attempts to save its flailing housing market haven’t boosted confidence among top Wall Street analysts
Analysts say the new measure to prop up its struggling property market aren’t enough to solve bigger structural challenges.
Beijing bourse plans to help smaller tech companies to list
The Beijing Stock Exchange will help small and medium-sized tech companies with training and access to finance so they can list on the bourse, it said on Sunday, as part of government plans to foster…
Beijing’s growing appeal amid city’s pursuit of high-quality development
Not far away from the neighborhood is Qianmen, a hotspot for tourists. From here, the attention-catching antique buses called “dang dang che” move slowly as tourists on these buses enjoy learning about the history and…
China’s economic woes hit delivery workers hard, paychecks shrink by 1,000 Yuan
The USD 200 billion Chinese food delivery industry, once a thriving sector that expanded during the Covid-19 pandemic, is now facing a downturn, according to a report by CNN. Having more than doubled in size…
Football coach developing grassroots game in China
The Premier League said it had been supporting grassroots football in China for 15 years. Working in partnership with the British Council, it said it had provided training to more than 6,300 coaches, …
