The PBOC has in recent months sought to defend the yuan as it faces downward pressure amid threats of higher tariffs.
Tagged By shenzhen
Trump’s freeze on foreign aid could give China an opening on the world stage
President Donald Trump’s restrictions on foreign aid and targeting of a key agency funding programs around the world may be offering an opening to America’s biggest adversary — China. From the …
China’s Motivational Tactic for State Workers: Public Shaming
Local governments are handing out “snail awards” to underperforming employees. But, for many, doing as little as possible seems like the safest bet.
What China fears most about Trump’s turn toward Russia
US President Donald Trump’s push to end the war in Ukraine appears poised to hand key concessions to Russia, leaving Kyiv and its European supporters on the sidelines as they face the prospect of a…
Trump says new China trade deal ‘possible’ despite tensions
“The relationship I have with President Xi is, I would say, a great one,” President Donald Trump told reporters on Air Force One on Wednesday.
Death sentence over murder of Japanese boy in China to be finalized
The sentence is expected to be finalized after it is examined by a high court in Guangdong and approved by China’s Supreme Court.
Struggling Chinese builder Vanke turns to state managers to ‘stop the decline’
“Policymakers don’t want Vanke to fall because that’s going to really damage sentiment,” said Larry Hu, chief China economist at Macquarie, adding that the new phrase in housing policy circles was …
China keeps benchmark lending rates steady as PBOC prioritizes financial stability
The PBOC has prioritized defending the yuan against the pressure for it to depreciate on anticipation of higher tariff rates.
US to cut size of diplomatic mission in China by up to 10%, SCMP reports
The United States is set to cut the size of its diplomatic mission in China by up to 10%, the South China Morning Post reported on Wednesday, citing people familiar with the situation.
‘Captain America must die in China’: Nationalism fuels Ne Zha 2 fans
A chorus of praise is being sung around Ne Zha 2, the Chinese film about a mythical boy who battles demons, which has been newly crowned the world’s highest-grossing animated film. The box office …
Subsidiary of China-owned company to pay $14M for taking federal COVID-19 loan
A Michigan-based automotive supplier that’s a subsidiary of a Chinese state-owned company will pay more than $14 million to resolve allegations that it took COVID-19 money it wasn’t eligible for. The …
Haier seeks control of Shenzhen-listed robotics firm in US$343 million deal
Haier joins rival Midea Group in venturing into industrial robotics, answering Beijing’s call to upgrade the nation’s traditional manufacturing sector.
He Made Me Buy a $200 USB Screwdriver! – in Shenzhen, China
Xuan, the younger of the two Tool Brothers, my favorite cell phone repair tools booth here in the Huaqiangbei electronics markets in Shenzhen, China, asked me to buy him a $200 USB powered “smart” …
ADVERTISEMENT
