China has cut its benchmark rate for mortgage lending for the first time in nearly two years, adding to a cycle of gradual monetary easing as policymakers seek to counter a loss of economic momentum.
Tagged By shenzhen
China Testing Blitz; Hong Kong Suspends Classes: Virus Update
China is ramping up its coronavirus testing regime after linking at least two omicron cases at opposite ends of the country to international parcels. Tokyo raised its virus alert to the highest level.
2 weeks out from the Olympics, China is back to using anal COVID-19 swab tests on some Beijing residents to try to detect Omicron cases
COVID-19 swabs in Beijing this week in a procedure that involves inserting a cotton swab nearly two inches into the rectum.
China Seeks to Ensure Frozen Assets Won’t Impede Home Building
Chinese regulators urged local authorities to ensure home building isn’t impeded by creditors’ requests to freeze developers’ assets held in escrow accounts.
China Says Warned Away U.S. Warship in South China Sea
Chinese forces followed and warned away a U.S. warship which entered waters near the Paracel Islands in the South China Sea, the country’s military said on Thursday. The Southern Theatre Command of …
China Widens Testing Blitz as Foreign Mail Suspected for Covid
China is ramping up its coronavirus testing regime after linking at least two omicron cases at opposite ends of the country to international parcels.
Exports could be key driver for China’s growth as Covid drags down spending, say analysts
Despite global disruptions of supply chains during the pandemic, China’s trade surplus in 2021 rose to US$676.43 billion.
China’s Demographic Dividends to End Soon, Expert Warns
China’s demographic dividends are still within a “window of opportunity”, but that window will shut soon, with fewer births putting pressure on the working population, a Chinese demographic expert …
China is still ‘three or four generations’ away from developing latest semiconductor tech, IDC says
China’s tech giants Alibaba, Tencent, Baidu and Meituan have all started investing heavily into chip development.
China’s 2021 clean marine fuel exports rise 24%
China’s exports of clean marine fuels in 2021 rose 24% from a year ago as Chinese refiners expanded production capacity amid Beijing’s ambition to create a regional bunkering hub.
China’s central bank cuts key lending rates, including one for the first time in nearly 2 years
China’s central bank cut the one-year loan prime rate by 10 basis points from 3.8% to 3.7%. The five-year loan prime rate was reduced by 5 basis points from 4.65% to 4.6% — the first…
China’s recovery has depended on a return to its old export-driven model: Information services firm
Mattie Bekink of the Economist Intelligence Corporate Network discusses the effects that China’s zero-Covid policy has had on its economy and the country’s lagging domestic consumption.
China’s Industry Ministry Expects Tight Chip Supply for Relatively Long Period
China’s industry ministry expects tight supplies of semiconductors over a relatively long period of time, an official said on Thursday. China encourages key domestic enterprises to increase investment …
