BEIJING – The last two carriages of a Beijing subway train detached from the rest of the train the evening of Dec 14, injuring more than 30 passengers, according to the city’s subway operator. Rescue…
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China’s video games market recovers in 2023, domestic sales surpass $42.6 billion
China’s video games market returned to growth this year as domestic revenue rose 13% to 303 billion yuan ($42.6 billion), putting Beijing’s 8-month crackdown two years ago in the rear-view mirror.
China pressures Taiwan with trade accusations and warplanes a month before election
China on Friday pressured Taiwan with a trade barrier probe and warplanes in the Taiwan Strait a month before the island holds key elections, as Taipei called on Beijing to stop its “political …
China’s November new home prices fall for fifth straight month
New home prices fell 0.3% month-on-month, matching the figure in October, according to Reuters calculations based on National Bureau of Statistics data.
Exclusive: China to run budget gap of 3% of GDP in 2024, issue special debt -sources
Chinese leaders agreed at an annual meeting on the economy this week to run a budget deficit of 3% of gross domestic product in 2024, three sources with knowledge of the matter said, while other…
China ex-banker jailed for life in corruption case
Xu Guojun was convicted of embezzling $325m after being forcibly repatriated from the US in 2021.
Freezing temperatures, snow, ice blanket China, shutting highways
Chinese authorities limited traffic flows on highways on Friday in several provinces after vehicles collided on icy patches as temperatures plummeted to below freezing across most of the country.
China Accuses Taiwan of Unfair Trade Barriers Month Before Election
BEIJING (Reuters) – China on Friday said that after an investigation, it had determined Taiwan was erecting unfair trade barriers – an accusation the government in Taipei calls an attempt to interfere …
China reports fastest industrial output growth in nearly two years
China posted its biggest industrial output expansion since February 2022 in November, though retail sales growth underwhelmed expectations, pointing to a patchy recovery in the world’s second-largest …
China’s factory, retail sectors speed up but risks persist
China’s industrial output grew 6.6% in November year-on-year, faster than the 4.6% gain in October, and retail sales rose but missed forecasts, adding to signs Beijing’s recent flurry of stimulus is …
China former bank manager sentenced to life in prison for corruption
A Chinese former bank manager has been jailed for life over one of the country’s biggest corruption cases. Xu Guojun, the head of a Bank of China branch in Southern China from 1993 to 2001,…
China’s Nov new home prices fall for fifth straight month
China’s new home prices fell for the fifth straight month in November, official data showed on Friday, as the sector still struggles to elbow its way out of a weak market in the face of…
Yellen urges China to shift from ‘unfair’ state-driven economic policy
US Treasury Secretary Janet Yellen called Thursday for China to shift from a state-driven approach in economic policy, saying that this can discourage investors.President Joe Biden’s administration …
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