BEIJING – The International Monetary Fund on Tuesday upgraded its 2023 gross domestic product growth forecast for China to 5.4 percent from 5 percent, citing a “strong” post-COVID-19 recovery, but said the fund still expected…
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CORRECTED-UPDATE 1-China’s Shenzhen state shareholders show liquidity support for Vanke
The largest shareholder of China’s No.2 property developer by sales value Vanke , state-owned Shenzhen Metro, said on Monday it has prepared more than 10 billion yuan ($1.38 billion) worth of “market …
Beijing confirms Chinese casualties in Myanmar clashes
Beijing on Tuesday confirmed there had been Chinese casualties after ethnic armed groups fighting Myanmar’s junta seized outposts in the country’s north along the border with China. China’s foreign ministry spokesperson Wang Wenbin did not…
30,000 rural households in Beijing convert to electric heating
As part of Beijing’s ongoing efforts to achieve coal-free heat supply, the city has helped nearly 30,000 rural households of 88 villages in five districts to switch from coal to electricity as the heating source,
China’s President Xi met Cuban Prime Minister in Beijing on Monday
China’s President Xi Jinping met with Cuban Prime Minister Manuel Marrero at Beijing’s Great Hall of the People on Monday, according to Chinese state media. Marrero comes to China as Cuba’s economy, which is heavily…
Has China Killed Online Anonymity?
Beijing has grown increasingly concerned about the sway of individuals with large followings on social media and has acted accordingly.
Beijing ‘dissatisfied’ over China casualties in Myanmar clashes
China expressed “strong dissatisfaction” today after what it said were casualties suffered by “Chinese personnel” linked to fighting in Myanmar’s
Developing countries owe China at least $1.1 trillion – and the debts are due
Developing countries owe Chinese lenders at least $1.1 trillion dollars, according to a new data analysis published Monday, which says more than half of the thousands of loans China has doled out over two decades are due…
Shenzhen State Asset Regulator Vows to Help Developer Vanke if Need Be
Shenzhen Metro will take measures to boost market confidence and help Vanke. For example it will take over some of Vanke’s urban renewal projects in Shenzhen for over CNY10 billion (USD1.3 billion) to inject new…
IMF raises China GDP forecast after Beijing’s policy moves
The International Monetary Fund on Tuesday raised its China growth forecast to 5.4% for 2023. The IMF cited better-than-expected third-quarter growth and Beijing’s recent policy announcements. The IMF still expects growth to slow next year…
‘Handsome boy’ Albanese may have managed to turn China’s iron fist into a velvet glove
Normal diplomatic conventions have been restored between Australia and China after years of spiralling contention. China clearly wants to re-engage and reset with the world
Oil falls 1% as mixed China trade data offset supply cuts
Oil prices slipped by 1% on Tuesday, erasing most of Monday’s gains, as mixed economic data from the world’s second largest oil consumer China and winter demand worries offset the impact of Saudi Arabia and…
China owed more than $1 trillion in Belt and Road debt: report
China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt collector in the world, a report said this week, with an estimated 80 percent of the…