China’s regulators summoned 34 of the country’s largest internet firms just days after Alibaba was hit with a record $2.8 billion fine for violating anti-monopoly rules, as the government widened the scope of its…
YUAN TALKS
China has added six more regions to the pilot scheme for the digital yuan, as the country inches closer to launching the world’s first sovereign digital currency among major economies.…
China’s exports rose sharply in March while imports growth surged to the highest in four years, signalling the global recovery from the Covid-19 pandemic is well on track as vaccine…
China’s steel production remained robust in Q1 despite tighter restrictions in major steelmaking hub
China’s steel production remained robust in Q1 despite tighter restrictions in major steelmaking hub
Steel production in China has continued to step up in the first quarter despite production restriction on in the country's largest steelmaking hub Tangshan, underlining the dilemma faced by the…
China's new bank loans increased more than expected in March driven by strong corporate and household financing demand which brought first-quarter lending to a record high, as the central bank…
Ant Group, the fintech unit of the e-commerce giant Alibaba Group, said on Monday it will apply to become a regulated financial holding company after Chinese regulators mapped out a…
Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust fine to…
Auto sales in China surged in March for their 12th consecutive month of gains, as the world’s biggest car market leads the sector’s recovery from the COVID-19 pandemic. Car sales…
China southern regions saw electric power use grow at the fastest pace in three years in the first quarter of the year. In particular, Guangdong province, the country's biggest economic…
China’s factory-gate prices grew at their fastest pace since July 2018 in March as producers passed on rising raw material prices and consumer prices returned to inflation for the first…
Overseas investors reduced their holdings of Chinese government bonds for the first time in two years in March, as the yield premium over US Treasuries narrowed and the government scheduled…
Chinese banks saw their credit card business shrink and credit card non-performing loan ratio climb last year due to the impact of the Covid-19 outbreak. Among the 15 listed commercial…
China intends to build a strong onshore foreign-exchange market for the yuan, as the launch of exchange rate futures contracts for domestic investors is rapidly climbing up the work agenda…
China saw a record number of corporate bond defaults in the first quarter and an increasing number of bonds have been canceled since high-profile defaults by state-owned enterprises last November.…
China’s services sector activity expanded at the fastest pace in three months in March, representing the 11th consecutive month of expansion, as business optimism surged and companies hired more workers.…
China's travel rebounded strongly during the three-day Tomb-Sweeping holidays, the first national holiday since the government relaxed travel restrictions after controlling most new coronavirus outbreaks, to approach the level seen…
China’s factory activity in March expanded at the slowest pace in almost a year on softer overall domestic demand, but underlying economic conditions remained positive even as input and output…
China's central bank and the Hong Kong Monetary Authority (HKMA) have cooperated to conduct technical tests on the cross-border use of the digital yuan, a central bank official said on…