Several large state-owned banks’ branches in the city of Tianjin have lowered the home mortgage rate for first-time home buyers after the central bank cut the five-year benchmark lending rate on Friday.
The Chinese Embassy in Canada vowed to take all necessary measures to protect Chinese firms’ legitimate rights and interests, after Canada revealed plans to ban use of 5G gear from Huawei and ZTE on national security grounds.
Goldman Sachs said on Friday it now expects around one third of high-yield China property firms to default in 2022, with stresses on bonds increasingly emerging through maturity extensions.
UBS cut the forecast of Tencent’s 2Q22 revenue by 3.3% to 139 billion yuan which would be 0.5% higher year over year.
China’s crude oil imports from top supplier Saudi Arabia soared 38% in April from a year earlier to 8.93 million tonnes, hitting the highest monthly volume since May 2020, according to data from the Chinese General Administration of Customs.
US President Joe Biden may talk with his Chinese counterpart Xi Jinping in the coming weeks, US national security adviser Jake Sullivan said on Thursday.
The World Health Organization said Thursday that it has granted an emergency use authorization for the coronavirus vaccine made by China’s CanSino Biologics, the 11th such shot to receive the green light.
