The People’s Bank of China is expected to cut its loan prime rates on Monday, Beijing’s latest move in a series of monetary, fiscal and liquidity support measures to shore up the imploding property sector, revive growth and fight off deflation. The trading week in Asia opens against an increasingly bullish global backdrop fueled by […]
Read MoreThe United States has imposed sanctions on two Chinese companies for allegedly collaborating with Russian companies to design, build and ship long-range attack drones in the war in Ukraine. A senior official in US President Joe Biden’s administration said on Thursday that the two Chinese companies jointly designed the Russian Garpia series of long-range UAV […]
Read MoreFormer US Republican candidate Donald Trump believes that China would not dare to provoke him if he were US president. Because he claims that Chinese President Xi Jinping knows that the former US president is ‘angry’. BBC News. Trump made these comments while talking to the Wall Street Journal. At the same time, if China […]
Read MoreChinese President Xi Jinping has asked the military to prepare for war after large-scale military exercises around Taiwan. The country’s state media reported that he made the call last week. News from AFP. President Xi Jinping called for war preparations last Thursday (October 17) while visiting a brigade of the People’s Liberation Army Rocket Force. […]
Read MoreOfficials express confidence the economy can achieve the government’s full-year growth target of around 5%. China’s economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise […]
Read MoreChina will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), officials said Thursday in Beijing’s latest moves to reverse a slump in the property industry. Minister of Housing and Urban-Rural Development Ni Hong said during a news conference Thursday in Beijing that measures will […]
Read MoreChina, which views democratically governed Taiwan as its own territory, staged a day of large-scale drills around the island on Monday it said were a warning to “separatist acts” following last week’s national day speech by Taiwan President Lai Ching-te. China will not promise to renounce the use of force over Taiwan but this is […]
Read MoreChinese warplanes and warships have resumed military exercises around Taiwan. Taiwan claims that this exercise is Chinese provocation. China started this military exercise from Monday. They said that Taiwan is acting separatist. This exercise is to warn. It is not known when this exercise will end. German-based media outlet Deutsche Welle reported that the ongoing […]
Read MoreFinance Minister Lan Foan told a press conference Beijing will help local governments tackle their debt problems, offer subsidies to people with low incomes, support the property market and replenish state banks’ capital, among other measures. China pledged on Saturday to “significantly increase” debt to revive its sputtering economy, but left investors guessing on the […]
Read MoreThis year’s event – the largest car show in Europe – comes at a pivotal time. Struggling European automakers need to prove they are still in the game, while Chinese rivals are aiming to get a foothold in a competitive market. Chinese and European automakers are going head-to-head at the Paris car show on Monday, […]
Read More
