5 h. ago China Boosts Its ‘Night Economy.’ Investors Should Pay Attention.

China Boosts Its ‘Night Economy.’ Investors Should Pay Attention.  Barron's

Economics

5 h. ago Pressure is getting to US firms in China as they feel weight of tensions: survey

American companies doing business in China are more pessimistic about the next five years than ever before, in the face of rising geopolitical uncertainties, fierce competition and a chronic economic slowdown, according to findings by a prominent business chamber. Only 41 per cent of surveyed American firms expressed optimism about their five-year business outlook in China, or almost half the rate in 2021, according to a report released by the American Chamber of Commerce (AmCham) in Shanghai on...

Events

5 h. ago ‘It’s hard to succeed’: US firms in China report record pessimism amid tensions

American companies doing business in China are more pessimistic about the next five years than ever before, in the face of rising geopolitical uncertainties, fierce competition and a chronic economic slowdown, according to findings by a prominent business chamber. Only 41 per cent of surveyed American firms expressed optimism about their five-year business outlook in China, or almost half the rate in 2021, according to a report released by the American Chamber of Commerce (AmCham) in Shanghai on...

Events

7 h. ago China slips back into deflation as economy shows signs of cooling

China slips back into deflation as economy shows signs of cooling  Financial Times

Politics

9 h. ago Chinese consumer prices slip back into decline amid deflationary pressures

China’s consumer prices slipped back into decline in August, highlighting persistent deflationary pressures, while a narrower drop in factory-gate prices suggested Beijing’s “anti-involution” campaign may be starting to take hold. The national consumer price index (CPI), a key gauge of inflation, fell 0.4 per cent year on year last month, according to data released by the National Bureau of Statistics on Wednesday. The reading fell short of market expectations after a poll by financial provider...

Events

12 h. ago China offers funding for stablecoin research as global interest grows

China’s largest government-backed research funder has begun accepting applications for the study of stablecoins and their cross-border monitoring systems, a move indicating Beijing’s growing interest - and wariness - towards the emerging digital asset. In a circular posted on its website last week, the National Natural Science Foundation of China – an affiliate of the Ministry of Science and Technology that manages hundreds of billions of yuan in annual funding – solicited proposals for the...

Politics

20 h. ago As China’s ‘Air Silk Road’ grows, can homegrown C909, C919 jets take off abroad?

China plans to help dozens of countries develop their civil aviation capabilities through the Air Silk Road – a campaign that could, in turn, promote its home-grown aircraft and boost trade with nations from Central Asia to Europe. In the next phase of the eight-year-old initiative, Beijing would step up cooperation on aircraft leasing and civil aviation equipment manufacturing with some of the 150 countries taking part in the Belt and Road Initiative (BRI), the government said in a report. At a...

Society

25 h. ago China debuts instant tax refunds for tourists through overseas e

China has introduced its first tax refund service via overseas e-wallets, allowing travellers departing from Shenzhen to instantly claim refunds as part of Beijing’s broader efforts to boost inbound tourism. Backed by the Shenzhen Taxation Bureau and the local branch of the People’s Bank of China, Ant International’s Alipay+ global payment platform partnered with tax refund agent Guangdong Huaxing Bank to launch the service on Monday, the city government announced on its official social media...

Politics

30 h. ago Chasing Starlink, China Unicom a step closer to satellite communication services

China has issued a satellite mobile communication business licence to a telecoms giant, in a concrete move that accelerates preparations for the large-scale commercial roll-out of its home-grown satellite services. The Ministry of Industry and Information Technology announced on Monday that it had issued the licence to China Unicom, permitting the state-owned company to conduct services such as direct-to-phone satellite connectivity and expand its applications in emergency and maritime...

Politics

31 h. ago China’s Role in Driving Global Beef Market Hit by Economic Woes

China’s Role in Driving Global Beef Market Hit by Economic Woes  Bloomberg.com

Economics

35 h. ago China’s new ‘durian express’ to bring prized fruit to northeast consumers faster

To get Southeast Asia’s coveted durians more quickly into the hands of Chinese consumers, a port operator in the relatively far-flung market of northeastern China is building a transit centre to handle seaborne imports of the pungent, spiky and often pricey fruit. Liaoning Port Group, part of which operates the major sea terminal in Dalian, kicked off construction of the Dalian Northeast Asia Fruit Transit Centre in late August, a group representative said this month. That project will...

Politics

35 h. ago Northeastern Chinese want fresher durians. A port operator is making it happen

To get Southeast Asia’s coveted durians more quickly into the hands of Chinese consumers, a port operator in the relatively far-flung market of northeastern China is building a transit centre to handle seaborne imports of the pungent, spiky and often pricey fruit. Liaoning Port Group, part of which operates the major sea terminal in Dalian, kicked off construction of the Dalian Northeast Asia Fruit Transit Centre in late August, a group representative said this month. That project will...

Politics

42 h. ago After IBM, Microsoft, and Micron, now Dell to lay off an undisclosed number of staff in China

After IBM, Microsoft, and Micron, now Dell to lay off an undisclosed number of staff in China  The Economic Times

Politics

44 h. ago Canadians Need to Think Strategically on Electric Vehicles and China

Canadians Need to Think Strategically on Electric Vehicles and China  TD Economics

Politics

44 h. ago "China trip lays foundation for significant economic and political developments"

"China trip lays foundation for significant economic and political developments"  Tehran Times

Politics

49 h. ago ‘Urgent revisions’ mulled for China’s bankruptcy law, with shortcomings in mind

Chinese lawmakers began their first review of draft amendments to the Enterprise Bankruptcy Law on Monday, seeking to address shortcomings in the market-exit mechanism, state media reported. The amendments, discussed during the ongoing 17th session of the 14th National People’s Congress (NPC) Standing Committee, include more than 160 new or modified articles based on the current law that was enacted 18 years ago and features 216 articles, according to Xinhua. Calling it the foundational legal...

Politics

50 h. ago Computer maker Dell to cut jobs in China in latest US retreat from No 2 economy

US computer maker Dell Technologies has targeted some of its employees in China for job cuts in the latest case of American businesses retreating from the world’s second-largest economy. Dell would have individual meetings with the affected employees this week, and their last day would be October 10, according to two people who received the notice. Prior to their last day, employees could apply for any internal vacancies, they added. The job cuts mainly affect Dell’s EMC storage unit and its...

Politics

53 h. ago Growing economic optimism in China could help Beijing reach a trade deal with the U.S. in October

Growing economic optimism in China could help Beijing reach a trade deal with the U.S. in October  MSN

Economics

55 h. ago Russia’s economic plunge leaves China scrambling to redirect exports abroad

Russia’s economic plunge leaves China scrambling to redirect exports abroad  Cryptopolitan

Economics

56 h. ago China’s export growth slows in August under shadow of trade war uncertainty

China’s exports continued to rise in August, though at a slower pace, as global markets watch to see whether the world’s two largest economies can reach a lasting and durable trade deal. Outbound shipments rose by 4.4 per cent year on year to US$321.8 billion last month, according to customs data released on Monday. The figure was lower than the 7.2 per cent recorded in July and fell short of the 5.4 per cent forecasted by Chinese financial data provider Wind. Imports in August, meanwhile, rose...

Events