China Financial News

15.08 / 11:13

UPS show track country US futures track lower as global stocks weaken

European stocks fell and government bond yields climbed as inflationary fears fueled bets interest rates will stay higher for longer. China’s yuan retreated to its weakest since November after a surprise interest-rate cut.

15.08 / 11:13

Microsoft NASDAQ Platform Apple NVIDIA Big tech in focus for hedge funds in Q2

Hedge funds bought into some of the biggest technology names in the second quarter to capture the sector’s sizzling rally and hype over artificial intelligence, according to the latest quarterly reports investment managers filed with the US Securities and Exchange Commission.

15.08 / 10:45

FIVE show country Explainer stake Mint Explainer: BRICS Summit is around the corner. What’s at stake?

BRICS Leaders’ Summit is set to be held from 22 August to 24 August, with leaders from Brazil, South Africa, India and China expected to meet in Johannesburg. Mint looks at what is the agenda. – Leaders of the BRICS nations, minus Russian president Vladimir Putin, will meet in later this month in South Africa for the 15th Summit.

15.08 / 09:47

Provident Ripple XRP SEC Software XRP Price Prediction as $800 Million Trading Volume Floods In – Are Whales Buying the Dip?

The XRP price has remained stuck at $0.626890 this morning, in line with a cryptocurrency market that also hasn't really moved in the past 24 hours.

15.08 / 09:37

Stablecoin regulation Singapore central bank says three business days is ‘timely transfer’ for stablecoins

While blockchains continue to revolutionize payments by allowing instant transfers, Singapore’s central bank believes that three business days is a "timely transfer" for single-currency stablecoins (SCS), which is similar to transfer speed requirements for domestic money transfers.

15.08 / 09:23

gay Xi Jinping reaches into China’s ancient history for a new claim to rule

The end of Western naivety about China (Jun 8th) Why the Communist Party fears gay rights (May 25th) China learns to manage decline (May 11th) Also: How the Chaguan column got its name © 2023, The Economist Newspaper Limited. All rights reserved.

15.08 / 09:23

UPS China’s tolerance for public oversight is limited

Subscribers can sign up to Drum Tower, our new weekly newsletter, to understand what the world makes of China—and what China makes of the world.

15.08 / 08:49

Reuters country social Unemployment China stops releasing youth unemployment data after record-high numbers; here’s why

economic indicator. This move comes in the wake of growing concerns about the state of the world's second-largest economy, which has been facing a series of warning signs. The decision to halt the release of youth jobless figures came shortly after the announcement of factory and retail sales data that fell short of expectations.

15.08 / 08:17

Target Action Strategy performer track country Fast track action to remove non-tariff barriers key to realise trillion-dollar merchandise export goal: GTRI report

China and Japan, to achieve one trillion dollar outbound shipment target for goods by 2030, a report by think-tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) has suggested a two-pronged strategy to mitigate the influence of NTBs on exports.

15.08 / 07:53

UPS Manufacturing Nano Simulation stage Inside Indian Indian Army orders Rs 7,300 cr emergency buy from desi companies to counter China

Army ordered ₹7,300 crore worth weapon systems from Indian manufacturers, using emergency purchase powers, to counter border threat from China. Contracts worth another ₹7000 crore are in final stages of procurement and are likely to be signed in the coming weeks. A range of equipment was ordered mainly from the private sector.

15.08 / 07:45

UK US FTSE reports More UK firms look to New York listing - reports

The potential moves follow a flurry of UK firms seeking listings across the Atlantic, even as the UK government has tried to work with the City to persuade more companies, particularly technology groups, to list their shares in London.

15.08 / 07:45

monetary policy emerging markets Rate Cut China central bank makes unexpected rate cut

The People’s Bank of China cut the rate on the medium-term lending facility (MLF) overnight, with a 15bp cut down to 2.5%.

15.08 / 07:27

Lowe's Manufacturing Can China escape deflation?

economic reform. Xi Jinping, its leader, is understandably eager to promote “high-quality" growth—innovative, well-paid, green and resilient—rather than “low-quality" growth, such as spending on redundant infrastructure, cheap manufacturing or speculative homebuilding. China’s policymakers know that past stimulus sprees have left behind unoccupied flats and lightly used roads.

15.08 / 07:07

Citi Digital Progressive show cover Tianjin, China, Says It Has Processed $1.76bn Worth of Digital Yuan – CBDC Progressing?

The Chinese city of Tianjin says residents and businesses transacted a cumulative total of over $1.76bn worth of CBDC since it joined the digital yuan pilot in 2022.

15.08 / 06:59

China considers stamp duty cut to revive weak stock market- Bloomberg News

stamp duty on stock trades for the first time since 2008, Bloomberg News reported on Tuesday.

15.08 / 06:35

Stablecoin regulation Altcoin Framework regulatory Singapore central bank releases regulatory framework for stablecoins

Singapore's central bank has released a revised regulatory framework aimed at ensuring stability for single-currency stablecoins (SCS) regulated in the city-state.

15.08 / 05:51

UPS Target Art country Inside exclusive Baloch separatists, Islamist extremists stand in the way of China's global ambitions

Islamist extremist groups have severely dented China's efforts to access the rich mineral resources in Pakistan and Afghanistan. These minerals are crucial to fuel China's global ambitions to become a superpower, replacing the US. Baloch separatists view China as a neo-colonial power that is hand in glove with Pakistan's elite, including the army, to exploit the province's rich resources to the exclusion of locals.

15.08 / 05:29

Twitter Remark Celebrity country PM Modi says borders "far more secure", calls for young, battle-ready armed forces

Narendra Modi on Tuesday said the borders were «far more secure than ever before». He also underlined the need for «mega reforms» in the Indian armed forces. «Today our borders are far more secure.

15.08 / 05:15

UPS Target show country Unemployment China skips giving update on surging youth unemployment as economic slump deepens

China’s government has skipped giving an update on a politically sensitive spike in unemployment among young people as official data showed an economic slump deepened in July

15.08 / 05:15

UPS Target PayPal CEO Intuit fall US Steel, Monday.com rise; Nikola, Paramount Global fall, Monday, 8/14/2023

Stocks that traded heavily or had substantial price changes Monday: US Steel, Monday

15.08 / 05:15

UPS COMPOSITE show reports Asian stocks Stock market today: Asian stocks mixed after China reports weak July data and cuts key interest rate

Asian stock markets are mixed after China reported weak July consumer and business activity and its central bank cut a key interest rate to shore up the struggling economy

breaking news about China

What is the current situation in China?

In China, the spotlight is on socially significant developments that impact the interests of residents.

Where can I find reliable news about China?

We publish verified updates about the situation in China, based on information from official representatives.

What shapes the media agenda in China?

The news landscape of China is shaped by key decisions by local authorities, reflecting its local way of life.